Excellent Wires IPO Subscription Status: Excellent Wires IPO is Open on 11 September 2024 and Close on 13 September 2024. Excellent Wires IPO to Raise 1,400,000 shares (Approx ₹12.60 Cr) via IPO. The Fresh Issue is 1,400,000 shares (Approx ₹12.60 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
The Excellent Wires IPO is an SME IPO and Listed on NSE & BSE. Excellent Wires IPO Price Band is Fixed at ₹90 Equity Share. Excellent Wires IPO Lot Size is 1600 Shares.
Also Read: Excellent Wires and Packaging IPO Date, Review, GMP Price, Details
Excellent Wires IPO Subscription Status, Rate bid times
Inv Category
Shares Reserved
No. of Shares bid for
No. of Times (Subscription)
NII
664,000
58,11,200
8.75
Retail Individual Buyers (RIIs)
664,000
2,12,44,800
32.00
Total
13,28,000
2,70,56,000
20.37
Excellent Wires IPO Subscription Status day-by-day-
Categories
11 Sep
12 Sep
13 Sep
NII
0.30
0.78
8.75
RII
2.25
6.12
32.00
Total
1.27
3.45
20.37
About IPO :
Excellent Wires 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 holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
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