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Excellent Wires IPO is a fixed price issue of ₹12.60 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹12.60 crore.
Excellent Wires IPO bidding started from Sep 11, 2024 and ended on Sep 13, 2024. The allotment for Excellent Wires IPO was finalized on Sep 16, 2024. The shares got listed on NSE SME on Sep 19, 2024.
Excellent Wires IPO price is ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Inventure Growth & Securities Ltd..
Refer to Excellent Wires IPO RHP for detailed Information.
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | September 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,00,000 shares (aggregating up to ₹12.60 Cr) |
| Reserved for Market Maker | 72,000 shares Inventure Growth & Securities Ltd. (aggregating up to ₹0.6480 Cr) |
| Net Offered to Public | 13,28,000 shares (aggregating up to ₹11.95 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 30,70,000 shares |
| Share Holding Post Issue | 44,70,000 shares |
Excellent Wires and Packaging IPO offers total 14,00,000 shares. Out of which 6,64,000 (47.43%) allocated to NII, 6,64,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.14%) |
| NII (HNI) Shares Offered | 6,64,000 (47.43%) |
| Retail Shares Offered | 6,64,000 (47.43%) |
| Total Shares Offered | 14,00,000 (100.00%) |
Excellent Wires IPO opens on September 11, 2024, and closes on September 13, 2024.
| IPO Open Date | Wed, Sep 11, 2024 |
| IPO Close Date | Fri, Sep 13, 2024 |
| Tentative Allotment | Mon, Sep 16, 2024 |
| Initiation of Refunds | Tue, Sep 17, 2024 |
| Credit of Shares to Demat | Tue, Sep 17, 2024 |
| Tentative Listing Date | Thu, Sep 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 13, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
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.
As of July 2024, the company employed 18 people in various departments.
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 705.08 | 324.69 | 242.63 |
| Total Income | 1,540.82 | 1,448.46 | 728.85 |
| Profit After Tax | 82.98 | 10.43 | 4.73 |
| Net Worth | 397.09 | 17.11 | 6.68 |
| Reserves and Surplus | 362.09 | 15.11 | 4.68 |
| Amount in ₹ Lakhs | |||
The market capitalization of Excellent Wires IPO is ₹40.23 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| RoNW | 20.90% |
| PAT Margin | 148.39% |
| Price to Book Value | 5.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.70 | 1.86 |
| P/E (x) | 33.3 | 48.48 |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is engaged in the manufacturing and marketing of various types of wired. It is operating in a highly competitive and fragmented segment. It has posted average financial performance with boosted bottom lines for FY24, that raises eyebrows and concern over its sustainability. Small equity post-IPO indicates 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. Read detail review...
| Listing Date | September 19, 2024 |
| BSE Script Code | |
| NSE Symbol | EXCELLENT |
| ISIN | INE0Y4801011 |
| Final Issue Price | ₹90 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹78.00 |
| Low | ₹77.95 |
| High | ₹78.00 |
| Last Trade | ₹77.95 |
Excellent Wires & Packaging Ltd.
Gala No. 1, Jyoti Industrial Estate
Vevoor Village, Ganesh Nagar, Palghar - E,
Thane, Palghar-401404
Thane, Maharashtra
Phone: +91 98202 85767
Email: info@excellentwiresandpackaging.com
Website: https://www.excellentwiresandpackaging.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Excellent Wires IPO is a SME IPO of 14,00,000 equity shares of the face value of ₹10 aggregating up to ₹12.60 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on September 11, 2024, and closes on September 13, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Excellent Wires IPO using UPI as a payment gateway. Zerodha customers can apply in Excellent Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Excellent Wires IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Excellent Wires IPO opens on September 11, 2024 and closes on September 13, 2024.
Excellent Wires IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Excellent Wires IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Excellent Wires IPO will be done on Monday, September 16, 2024, and the allotted shares will be credited to your demat account by Tuesday, September 17, 2024. Check the Excellent Wires IPO allotment status.
The Excellent Wires IPO listing date is on Thursday, September 19, 2024.
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