Fixed Price IPO | ₹13 Cr | Listed at NSE SME | Wed, Sep 11, 2024 - Fri, Sep 13, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 11, 2024
IPO Close
Fri, Sep 13, 2024
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹40.23 Cr
| IPO Date | 11 to 13 Sep, 2024 |
| Listed on | Thu, Sep 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,00,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 72,000 shares Inventure Growth & Securities Ltd. (agg. up to ₹0.6480 Cr) |
| Fresh Issue (Ex Market Maker) | 13,28,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 13,28,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 30,70,000 shares |
| Share Holding Post Issue | 44,70,000 shares |
| NSE Symbol | EXCELLENT |
| ISIN | INE0Y4801011 |
Excellent Wires IPO comprises a total issue size of 14,00,000 shares. The net offer to the public is 13,28,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,64,000 (50.00%) allocated to NII 6,64,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,64,000 | 50.00% | 47.43% |
| Retail Shares Offered | 6,64,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.14% | |
| Total Shares Offered | 14,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 7.05 | 3.25 | 2.43 |
| Total Income | 15.41 | 14.48 | 7.29 |
| Profit After Tax | 0.83 | 0.10 | 0.05 |
| NET Worth | 3.97 | 0.17 | 0.07 |
| Reserves and Surplus | 3.62 | 0.15 | 0.05 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of Land and construction of Building | 5.78 |
| 2 | Acquisition of Plant & Machineries | 2.00 |
| 3 | Funding additional working capital requirements | 1.50 |
| 4 | General Corporate Purposes | 2.32 |
| KPI | Mar 31, 2024 |
|---|---|
| RoNW | 20.90% |
| PAT Margin | 148.39% |
| Price to Book Value | 5.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.70 | 1.86 |
| P/E (x) | 33.3 | 48.48 |
| Promoter Holding | 91.9% | 63.11% |
| Market Cap | ₹40.23 Cr. |
The Excellent Wires and Packaging IPO is subscribed 20.37 times on September 13, 2024 6:19:58 PM (Day 3). The public issue subscribed 32 times in the retail category, [.] times in the QIB category, and 8.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 8.75 | 6,64,000 | 58,11,200 |
| Retail | 32 | 6,64,000 | 2,12,44,800 |
| Total | 20.37 | 13,28,000 | 2,70,56,000 |
Total Application : 13,278
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 0.75 |
| 2 | Advertising and marketing expenses | 0.10 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.05 |
| 4 | Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹85.00 |
| Low | ₹80.75 |
| High | ₹89.25 |
| Last Trade | ₹82.05 |
Lead Manager Reports
Excellent Wires IPO is a SME IPO of 14,00,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 11, 2024, and closes on Fri, Sep 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 Wed, Sep 11, 2024 and closes on Fri, Sep 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 Tue, Sep 17, 2024. Check the Excellent Wires IPO allotment status.
The Excellent Wires IPO listing date is on Thu, Sep 19, 2024.
