EXCELLENT WIRES AND PACKAGING LIMITED
Fixed Price IPO · NSE
- Price band
- ₹90 - ₹90
- Lot size
- 1,600 shares
- Issue amount
- ₹12.6 cr
- Total subscription
- 20.43×
- Opens
- 11 Sept 2024
- Closes
- 13 Sept 2024
- Allotment
- 16 Sept 2024
- Listing
- 19 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 14,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,44,000
- Fresh issue
- ₹12.6 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 30,70,000
- Shares after issue
- 44,70,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,44,000 |
| HNI | 2 | 3,200 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 5.98 | 191.2 |
| NIB | 5.98 | 52.95 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.32 | 0.42 | 0.19 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 20.9 | 60.96 | 70.81 |
| PRE IPO(PE) | 33.3 | 0 | 0 |
| POST IPO(PE) | 48.4 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in March 2021, Excellent Wires and Packaging Limited manufactures a variety of wires and wire ropes under the "Excellent" brand, including Spring Steel Wire, High Carbon Wire, and Galvanised Wire (GI Wire), among others. The company’s products are grouped into Brass Wires & Products, Steel Wires & Products, and Other Products like Packaging Materials, serving industries such as Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables. With an ISO 9001:2015 Certification for quality management, Excellent Wires and Packaging Limited continues to uphold high standards. As of July 2024, the company has a team of 18 employees across various departments.
Strengths
- Experienced Leadership: Afcons is guided by a skilled management team with deep industry knowledge.
- Trusted Reputation & Strong Client Bonds: The company has earned a solid reputation and maintains strong relationships with its customers.
- Versatile Offerings: With a diverse range of projects, Afcons serves multiple industries and adapts to changing market needs.
Risk factors
- Delays in Setting Up Facilities: Any hold-ups in getting land, building infrastructure, or installing equipment could slow down business growth and affect financial stability.
- Challenges in Growth Plans: Expanding successfully depends on choosing the right locations and executing strategies well. If not done effectively, it could impact operations and financial health.
- Short-Term Contracts Risk: Relying on purchase orders instead of long-term contracts can be risky. Losing major customers could have a big impact on revenue and profitability.
Promoters
Bhavya Vasant Shah
Rachit Paresh Masalia
Darshil Hasmukh Shah
Registrar & documents
Lead manager
Inventure Merchant Banker Services Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Gala No. 1, Jyoti Industrial Estate, Vevoor Village, Ganesh Nagar, Palghar - E, Thane, Palghar-401404
+91 98202 85767
[email protected]Company website ↗Understanding EXCELLENT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.