The Excellent Wires and Packaging IPO is a fixed price issue of ₹12.60 crores, consisting entirely of a fresh issue of 14 lakh shares.
The Excellent Wires and Packaging IPO will open for subscription from September 11, 2024, to September 13, 2024. Allotment is expected to be finalized on Monday, September 16, 2024, with a tentative listing date on NSE SME set for Thursday, September 19, 2024.
The Excellent Wires and Packaging IPO is priced at ₹90 per share, with a minimum lot size of 1600 shares. Retail investors will need to make a minimum investment of ₹144,000 to participate in the offering. For High Net-Worth Individuals (HNIs), the minimum investment is 2 lots, equating to 3200 shares, which amounts to ₹288,000.
Refer to Excellent Wires and Packaging IPO RHP for brief information.
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | September 19, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 90 to ₹ 90 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,400,000 share (Aggregating up to ₹12.60 Cr) |
| Fresh Issue | 1,400,000 (Aggregating up to ₹12.60 Cr) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,070,000 |
| Share holding post issue | 4,470,000 |
| Market Maker portion |
Excellent Wires and Packaging Limited IPO opens on September 11, 2024, and closes on September 13, 2024.
| IPO Open Date | September 11, 2024 |
| IPO Close Date | September 13, 2024 |
| Basis of Allotment | September 16, 2024 |
| Initiation of Refunds | September 17, 2024 |
| Credit of Shares to Demat | September 17, 2024 |
| Listing Date | September 19, 2024 |
| Cut-off time for UPI mandate confirmation | September 13, 2024 |
Investors can bid for a minimum of 1600 shares, with additional shares available in multiples of 1600. The table below outlines the investment requirements for retail and HNI investors in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | Rs.144,000 |
| Retail (Max) | 1 | 1,600 | Rs.144,000 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | 2 | 3,200 | Rs.288,000 |
| HNI (Min) |
| Share Holding Pre Issue | 91.90% |
| Share Holding Post Issue | 63.12% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
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| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
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| sNII < ₹10L | |
|
| Retail Shares Offered | |
|
| Employee Shares Offered | 50% of the Net Issue |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Excellent Wires & Packaging Ltd is a prestigious company known for its wide selection of premium wire products and packaging options. A wide range of wires is available in their product portfolio, including spring steel wires, galvanized wires (GI wires), round stitching wires, spiral binding wires, copper wires, and stainless steel wires (including annealed, H.B., and H.H.B. variants). These wires are made from premium-grade high carbon or stainless steel wire, which can optionally be coated with PVC for increased durability and versatility across multiple applications. Apart from their outstanding wire selection, they are also experts in providing packaging items like BOPP Self-Adhesive Tapes and PP Strapping Rolls.
From the selection of raw materials to the precise packing and shipment of final products, the company maintains a steadfast dedication to quality assurance. The National Accreditation Board for Testing and Calibration Laboratories (NABL)-accredited external laboratories and our own in-house facilities conduct thorough testing on all raw materials as part of their stringent quality control procedures, which start at the incoming stage.
These values function as the cornerstones that support every facet of their business, guaranteeing that they conduct themselves with the highest integrity and openness in all of their dealings. They aim to create enduring relationships based on trust and dependability by living up to these values and placing a high priority on client satisfaction.
The market capitalization of Excellent Wires and Packaging IPO is Rs 40.23 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | |
| RoNW | 20.90% |
| P/BV | 5.66 |
| PAT Margin (%) | 148.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.7 | 1.86 |
| P/E (x) | 33.3 | 48.48 |
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
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
- General Corporate Purposes
Excellent Wires and Packaging Limited Gala No. 1, Jyoti Industrial Estate |
Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 |
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