Apex Ecotech Limited IPO...
20 Nov 2024
Excellent Wires and Packaging Limited IPO And Its GMP
Excellent Wires and Packaging Limited started their business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent.
Their other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to customers on as and when need basis.
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IPO OVERVIEW
- Issue Type: Fixed price issue of ₹12.60 crores
- Total Shares: 14 lakh shares (entirely fresh issue)
- IPO Open Date: September 11, 2024
- IPO Close Date: September 13, 2024
- Issue Price: ₹90 per share
- Minimum Lot Size: 1600 shares per application
- Book Running Lead Manager: Inventure Merchant Banker Services Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Inventure Growth & Securities
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Excellent Wires and Packaging Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 90 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Excellent Wires and Packaging IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,400,000 shares (aggregating up to ₹12.60 Cr) |
| Fresh Issue | 1,400,000 shares (aggregating up to ₹12.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,835,400 |
| Share holding post issue | 5,235,400 |
| Market Maker portion | 72,000 shares Inventure Growth & Securities |
Excellent Wires and Packaging IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, September 11, 2024 |
| IPO Close Date | Friday, September 13, 2024 |
| Basis of Allotment | Monday, September 16, 2024 |
| Initiation of Refunds | Tuesday, September 17, 2024 |
| Credit of Shares to Demat | Tuesday, September 17, 2024 |
| Listing Date | Thursday, September 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 13, 2024 |
Excellent Wires and Packaging Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,00 |
Excellent Wires and Packaging Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Excellent Wires and Packaging IPO Promoter Holding
| Share Holding Pre Issue | 91.90% |
| Share Holding Post Issue | 63.12% |
Company & Financials
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.
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The company's products can be categorised into the following:
- ● Brass Wires & Products
- ● Steel Wires & Products
- ● Other Products viz. Packaging Products
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.
Excellent Wires and Packaging Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 705.08 | 324.69 | 242.63 | |||||||||||||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 20.90% |
| P/BV | 5.66 |
| PAT Margin (%) | 148.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.16 | 1.58 |
| P/E (x) | 41.6 | 56.78 |
Objectives of Excellent Wires and Packaging IPO
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; and
- ● General Corporate Purposes
Excellent Wires and Packaging IPO Review
The company is engaged in the manufacturing and marketing of various types of wires. It is operating in a highly competitive and fragmented segment. It has posted average financial performance with boosted bottom lines for FY24, which raises eyebrows and concern over its sustainability. Small equity post-IPO indicates a 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.
FAQs for Excellent Wires and Packaging IPO
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What is Excellent Wires and Packaging IPO?
Excellent Wires and Packaging IPO is a main-board IPO. The company is going to raise ₹12.60 Crores via IPO. The issue is priced at ₹90 per equity share. The IPO is to be listed on NSE.
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When Excellent Wires and Packaging IPO will open for subscription?
The IPO is to open on September 11, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 13, 2024.
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What is Excellent Wires and Packaging IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
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What is Excellent Wires and Packaging Issue Size?
Excellent Wires and Packaging issue size is ₹12.60 crores.
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What is Excellent Wires and Packaging IPO Price Band?
Excellent Wires and Packaging IPO Price Band is ₹90.
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What is Excellent Wires and Packaging IPO Lot Size?
The minimum bid is 1600 Shares with ₹144,000 amount.
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What is the Excellent Wires and Packaging IPO Allotment Date?
Excellent Wires and Packaging IPO allotment date is September 16, 2024.
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What is the Excellent Wires and Packaging IPO Listing Date?
Excellent Wires and Packaging IPO listing date is September 19, 2024. The IPO is to be listed on the NSE.
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What is the current GMP of Excellent Wires and Packaging?
The current GMP of Excellent Wires and Packaging is —.
RHP:
RHP of Excellent Wires and Packaging Limited IPO.
DRHP:
DRHP of Excellent Wires and Packaging Limited IPO.
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What is Excellent Wires and Packaging IPO?
Excellent Wires and Packaging IPO is a main-board IPO. The company is going to raise ₹12.60 Crores via IPO. The issue is priced at ₹90 per equity share. The IPO is to be listed on NSE.
-
When Excellent Wires and Packaging IPO will open for subscription?
The IPO is to open on September 11, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 13, 2024.
-
What is Excellent Wires and Packaging IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
-
What is Excellent Wires and Packaging Issue Size?
Excellent Wires and Packaging issue size is ₹12.60 crores.
-
What is Excellent Wires and Packaging IPO Price Band?
Excellent Wires and Packaging IPO Price Band is ₹90.
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What is Excellent Wires and Packaging IPO Lot Size?
The minimum bid is 1600 Shares with ₹144,000 amount.
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What is the Excellent Wires and Packaging IPO Allotment Date?
Excellent Wires and Packaging IPO allotment date is September 16, 2024.
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What is the Excellent Wires and Packaging IPO Listing Date?
Excellent Wires and Packaging IPO listing date is September 19, 2024. The IPO is to be listed on the NSE.
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What is the current GMP of Excellent Wires and Packaging?
The current GMP of Excellent Wires and Packaging is —.
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