Excellent Wires and Packaging Limited IPO

Excellent Wires and Packaging Limited IPO opens on September 11, 2024, and closes on September 13, 2024. The allotment for the Excellent Wires and Packaging Limited IPO is anticipated to be completed on Monday, September 16, 2024. The IPO will be tentatively listed on the NSE and SME on Wednesday, September 18, 2024.

Excellent Wires and Packaging Limited IPO’s price band is Rs 90 per share. The IPO is a book-built issue of Rs Rs 12.60 crores. The issue is entirely a fresh issue of 14 lakh shares.

Excellent Wires and Packaging IPO Details

Excellent Wires and Packaging IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Excellent Wires and Packaging IPO Objectives

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Acquisition of Land and construction of Building
2. Acquisition of Plant & Machineries
3. Funding additional Working capital requirements; and
4. General corporate purposes; and

About Excellent Wires and Packaging Limited

Incorporated in March 2021, Excellent Wires and Packaging Limited, operating under the “Excellent” brand, produces a diverse array of wires and wire ropes including Spring Steel Wire, High Carbon Wire, and Galvanised Wire for various applications. Their product range is divided into Brass Wires & Products, Steel Wires & Products, and Packaging Products. Serving industries such as Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables, the company holds ISO 9001:2015 certification for quality management. As of July 2024, Excellent Wires and Packaging Limited employs 18 staff members.

Excellent Wires and Packaging Limited Financial Information 

Excellent Wires and Packaging Limited’s revenue increased by 6% and profit after tax (PAT) rose by 696% between the financial year ending with March 31, 2024 and March 31, 2023.

Excellent Wires and Packaging IPO Reservation

Excellent Wires and Packaging IPO Timeline

Excellent Wires and Packaging IPO opens on September 11, 2024, and closes on September 13, 2024.