IPO Details

Bidding Dates

11 Sep '24 - 13 Sep '24

Minimum Investment

₹1,44,000 / 1 Lot (1,600 Shares)

Price Range

₹90

Maximum Investment

₹1,44,000 / 1 Lot (1,600 Shares)

Retail Discount

To be announced

Issue Size

₹12.60 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Sep 11, 2024

IPO Close Date

Sep 13, 2024

Basis of Allotment

Sep 16, 2024

Initiation of Refunds

Sep 17, 2024

Credit of Shares to Demat

Sep 17, 2024

Listing Date

Sep 19, 2024

Cut-off time for UPI mandate confirmation

Sep 13, 2024

IPO Subscription Details

DateNIIRetailTotal

Day 1Sep 11, 2024

0.30x 2.25x 1.27x

Day 2Sep 12, 2024

0.78x 6.00x 3.39x

About Excellent Wires and Packaging Limited

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: (1) Brass Wires & Products, (2) Steel Wires & Products and (3) Other Products viz. Packaging Products. The company sells its products to B2B customers, and all its sales are from B2B customers in India.

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.

Industry Outlook:

  1. The domestic cables and wires industry has registered robust growth over the last five years, led by the government’s focus on providing power to all and gradual pickup from the housing market. The Cable and Wires (C&W) industry is expected to grow at a compound annual growth rate (CAGR) of 12% over FY 2021- 26.
  2. Growth is expected to be driven by upbeat construction activity in the housing sector and government initiatives in the power and infrastructure sectors. Further, the electrification of rural villages and households, improved transmission and distribution systems, and increased demand for renewable power generation will drive the growth of electrical cables.

Excellent Wires and Packaging IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

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

Peer Details

The companies considered by Excellent Wires and Packaging as its peers include:

  1. Bedmutha Industries Limited
  2. KEI Industries Limited
  3. Rajratan Global Wire Limited

How to Check the Allotment Status of the Excellent Wires and Packaging Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

Contact Details of Excellent Wires and Packaging Limited IPO

  • Registered office: Gala No. 1, Jyoti Industrial Estate Vevoor Village, Ganesh Nagar, Palghar - E, Thane, Palghar-401404
  • Phone: +91 98202 85767
  • E-mail: info@excellentwiresandpackaging.com

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue From Operations (in ₹ lakh) 1,540.82 1,448.46 728.85
Profit After Tax (PAT) (in ₹ lakh) 82.98 10.43 4.73
Cash & Cash Equivalents (in ₹ lakh) 75.50 15.30 0.93
Net Worth (in ₹ lakh) 397.09 17.11 6.68
Return on Networth (%) 20.90% 60.96% 70.81%
Earning Per Share (EPS)-in absolute ₹ 3.32 0.42 0.19

Know before investing

Strengths

3
  1. Excellent Wires and Packaging has diversified its product offerings to cater to broader customer needs.

  2. The company currently has 880 MTPA installed capacity and plans to purchase new plant and machinery to add 1,310 MTPA installed capacity.

  3. The company plans to extend its presence to customers in the Gujarat region to serve a wider customer base and capitalise on new opportunities.

Risks

3
  1. The company’s total debts are increasing on a YoY basis, which can be a concern, affecting financial stability and potentially increasing risk.

  2. Instability in raw materials prices could impact business performance, as raw Materials costs constitute a significant percentage of our Company’s total expenses.

  3. The company operates its business in a labour-intensive industry. Any challenges arising from labour could hamper business growth.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Excellent Wires and Packaging IPO FAQs

What is Excellent Wires and Packaging Ltd's IPO?

Excellent Wires and Packaging Limited IPO is a fixed issue IPO. The IPO will be open from September 11, 2024, to September 13, 2024.

When will Excellent Wires and Packaging Ltd's IPO be allotted?

The Basis of Allotment will happen on Friday, September 16, 2024.

When will Excellent Wires and Packaging Ltd's IPO open for subscription?

The IPO subscription window will open on September 13, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will Excellent Wires and Packaging Ltd list on exchanges?

The listing date for Excellent Wires and Packaging is Tuesday, September 19, 2024.

What would be the listing gains on the Excellent Wires and Packaging Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Excellent Wires and Packaging Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Excellent Wires and Packaging Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approve the payment mandate.

Can I submit more than one application for the public issue of Excellent Wires and Packaging Ltd using one PAN?

You can submit only one application using your PAN card.