Excellent Wires and Packaging IPO Date : Excellent Wires and Packaging IPO is Open on 11 Sept 2024 and Close on 13 Sept 2024. Excellent Wires and Packaging IPO to Raise 1,400,000 shares (Approx ₹12.60 Cr) via IPO. The Fresh issue of 1,400,000 shares (Approx ₹12.60 Cr).
We started our 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.
These packaging products are sold under the brand name of Excellent. We supply our products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.
We leased a property in Panvel from Dhara Brass Wire Private Limited starting from 1st May 2022, which included existing machinery with an installed capacity of 360 MTPA. This enabled us to launch a new product line of brass wires.
To streamline operations and reduce costs, we rented a new property (Gala No. 3) next to our original unit in Palghar. Right from the raw material selection to the packing and dispatch of our final products we do not compromise on quality.
Process stage we have testing Equipments to conduct inhouse tests on regular basis. With checks at all stages, we make sure the quality of material supplied to our customers are of requisite quality. We are engaged in the sale of following broad categories of products:
- Brass Wires & Products
- Steel Wires & Products
- Other Products viz. Packaging Products
Excellent Wires and Packaging IPO Date & Price Band Details
| IPO Open Date | 11 Sep 2024 |
|---|---|
| IPO Close Date | 13 Sep 2024 |
| IPO Size | 1,400,000 shares (Approx ₹12.60 Cr) |
| Fresh Issue | 1,400,000 shares (Approx ₹12.60 Cr) |
| Lot Size | 1600 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹90 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Excellent Wires and Packaging IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹144,000 |
| Retail Maximum | 1 | 1600 | ₹144,000 |
| S-HNI Minimum | 2 | 3200 | ₹288,000 |
Object of the Issue
- Acquisition of Land and construction of Building.
- Acquisition of Plant & Machineries.
- Funding additional Working capital requirements.
- General Corporate Purposes.
Excellent Wires and Packaging IPO Allotment & Listings (Details)
| IPO Open Date | 11 Sep 2024 |
|---|---|
| IPO Close Date | 13 Sep 2024 |
| Basis of Allotment | 16 Sep 2024 |
| Refunds | 17 Sep 2024 |
| Credit to Demat Account | 17 Sep 2024 |
| IPO Listing Date | 19 Sep 2024 |
Excellent Wires and Packaging Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹15.41 | ₹28.83 | ₹0.81 |
| 2023 | ₹14.48 | ₹14.34 | ₹0.10 |
| 2022 | ₹7.29 | ₹7.22 | ₹0.05 |
Our Company Promoters
- Bhavya Vasant Shah
- Rachit Paresh Masalia
- Darshil Hasmukh Shah
Qualitative Factors
- Experienced Promoter and management team with strong industry expertise.
- Established Reputation and Strong customer relationships.
- Diversified product portfolio.
- Continuous improvement in Operations.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Crore) |
|---|---|---|---|---|---|---|
| Excellent | 10.00 | 3.32 | 27.11 | 20.90% | 15.90 | 15.41 |
| Peer Group | ||||||
| BedmuthaInd | 10.00 | 6.28 | 36.59 | 16.34% | 37.38 | 868.14 |
| KEI Ind | 2.00 | 64.41 | 72.98 | 18.46% | 348.88 | 8153.10 |
| Rajratan Global | 2.00 | 11.00 | 54.37 | 15.87% | 69.35 | 557.76 |
Also Read: Boss Packaging Solutions IPO
Excellent Wires and Packaging Company Contact Details
Gala No. 1, Jyoti Industrial Estate, Vevoor Village, Ganesh
Nagar, Palghar – E, Thane, Palghar – 401404, Maharashtra, India
Contact Person: Ms. Meghna Mahendra Savla,
E-mail: info@excellentwiresan dpackaging.com
Tel: +91 98202 85767 / 8
Website: www.excellentwiresandpackaging.com
Excellent Wires and Packaging Lead Manager
Inventure Merchant Banker Services Private Limited
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End)
Western Express Highway, Andheri (East)
Mumbai – 400069, Maharashtra
Tel No: +91 22 4075 1500
Email: sme.ipo@inventuremerchantbanker.com
Investor Grievance Email: redressal@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
Contact Person: Arvind Gala
Excellent Wires and Packaging IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Babu Rapheal C.
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