Excellent Wires and Packaging Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 14,00,000 shares (aggregating up to ₹ 12.6 Cr) |
| Fresh Issue | 14,00,000 shares (aggregating up to ₹ 12.6 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 38,35,400 |
| Share holding post issue | 52,35,400 |
| Market Maker portion | 72,000 shares Inventure Growth & Securities |
About Excellent Wires and Packaging Limited IPO And Its GMP
Excellent Wires and Packaging Limited started their business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent.
Their other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to customers on as and when need basis.
- Book Running Lead Manager: •Inventure Merchant Banker Services Pvt Ltd
- Registrar: •Bigshare Services Pvt Ltd
Market Maker: Inventure
Excellent Wires and Packaging Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Company & Financials
Incorporated in March 2021, Excellent Wires and Packaging Limited manufactures a wide range of wires and wire ropes under the brand name "Excellent", including various types such as Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire), and others for multiple applications.
The company's products can be categorised into the following:
- •Brass Wires & Products
- •Steel Wires & Products
- •Other Products viz. Packaging Products
The company's products are supplied to various industries such as Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.
The company has been awarded the ISO 9001:2015 Certification, an internationally recognized standard for ensuring effective quality management.
Objectives of Excellent Wires and Packaging IPO
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- ● Acquisition of Land and construction of Building
- ● Acquisition of Plant & Machineries
- ● Funding additional Working capital requirements; and
- ● General Corporate Purposes
Excellent Wires and Packaging IPO Review
The company is engaged in the manufacturing and marketing of various types of wires. It is operating in a highly competitive and fragmented segment. It has posted average financial performance with boosted bottom lines for FY24, which raises eyebrows and concern over its sustainability. Small equity post-IPO indicates a longer gestation period for migration. Based on FY24 super earnings, the issue relatively appears exorbitantly priced. There is no harm in skipping this pricey bet.
Excellent Wires and Packaging Limited IPO And Its GMP Financial Information
Latest Revenue
1,540.82
₹ Crore
Profit After Tax
82.98
₹ Crore
Net Worth
397.09
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 705.08 | 1,540.82 | 82.98 | 397.09 | — | ||||
| 31 Mar 2023 | 324.69 | 1,448.46 | 10.43 | 17.11 | — | ||||
| 31 Mar 2022 | 242.63 | 728.85 | 4.73 | 6.68 | — | ||||
| Amount in ₹ Crore | |||||||||
Excellent Wires and Packaging Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 20.90% |
| P/BV | 5.66 |
| PAT Margin (%) | 148.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.16 | 1.58 |
| P/E (x) | - | - |
Frequently Asked Questions
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Excellent Wires and Packaging Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Wednesday, September 11, 2024 |
| IPO Close Date | Friday, September 13, 2024 |
| Basis of Allotment | Monday, September 16, 2024 |
| Initiation of Refunds | Tuesday, September 17, 2024 |
| Credit of Shares to Demat | Tuesday, September 17, 2024 |
| Listing Date | Thursday, September 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 13, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,00 |