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
| Date | NII | Retail | Total |
|---|---|---|---|
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:
- 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.
- 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:
- Acquisition of Land and construction of Building
- Acquisition of Plant & Machineries
- Funding additional Working capital requirements and
- General Corporate Purposes
Peer Details
The companies considered by Excellent Wires and Packaging as its peers include:
- Bedmutha Industries Limited
- KEI Industries Limited
- 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-
Excellent Wires and Packaging has diversified its product offerings to cater to broader customer needs.
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The company currently has 880 MTPA installed capacity and plans to purchase new plant and machinery to add 1,310 MTPA installed capacity.
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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-
The company’s total debts are increasing on a YoY basis, which can be a concern, affecting financial stability and potentially increasing risk.
-
Instability in raw materials prices could impact business performance, as raw Materials costs constitute a significant percentage of our Company’s total expenses.
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The company operates its business in a labour-intensive industry. Any challenges arising from labour could hamper business growth.
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Excellent Wires and Packaging IPO FAQs
Excellent Wires and Packaging Limited IPO is a fixed issue IPO. The IPO will be open from September 11, 2024, to September 13, 2024.
The Basis of Allotment will happen on Friday, September 16, 2024.
The IPO subscription window will open on September 13, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.
The listing date for Excellent Wires and Packaging is Tuesday, September 19, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
