The upcoming IPO of Excellent Wires and Packaging Limited IPO is set to open on September 11, 2024, offering investors an exciting opportunity. This blog post provides all the essential details you need to make an informed decision, from the IPO specifics to the financial health of the company.
What is the Excellent Wires and Packaging IPO?
The Excellent Wires and Packaging IPO is a fixed price issue worth ₹12.60 crores. The IPO is entirely a fresh issue of 14 lakh shares. Here’s a quick overview:
Excellent Wires and Packaging Limited IPO Details
- IPO Date: September 11, 2024, to September 13, 2024
- Listing Date: September 19, 2024 (Tentative)
- Face Value: ₹10 per share
- Price: ₹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 shares
- Shareholding Post-Issue: 5,235,400 shares
- Market Maker Portion: 72,000 shares
Reservation Details
- Retail Shares Offered: 50% of the Net Issue
- Other Shares Offered: 50% of the Net Issue
Important Dates (Tentative Schedule)
- 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
How to Invest: Lot Size and Investment Amounts
Investors can bid for a minimum of 1600 shares and in multiples thereof. Below are the minimum and maximum investments for retail investors and High Net Worth Individuals (HNIs).
Excellent Wires and Packaging Limited IPO Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3200 | ₹288,000 |
Promoter Holding
The promoters of Excellent Wires and Packaging Limited are Bhavya Vasant Shah, Rachit Paresh Masalia, and Darshil Hasmukh Shah.
- Shareholding Pre-Issue: 91.90%
- Shareholding Post-Issue: 63.12%
About Excellent Wires and Packaging Limited
Incorporated in March 2021, Excellent Wires and Packaging Limited specializes in manufacturing a diverse range of wires and wire ropes under the brand name “Excellent.” The company’s product lineup includes:
- Brass Wires & Products
- Steel Wires & Products
- Other Products: Packaging Products
These products serve various industries, including packaging, engineering, stationery, imitation jewelry, and wires & cables. The company is ISO 9001:2015 certified, ensuring effective quality management.
Company Financials
Excellent Wires and Packaging Limited has shown significant financial growth between March 31, 2023, and March 31, 2024:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹705.08 Lakhs | ₹324.69 Lakhs | ₹242.63 Lakhs |
| Revenue | ₹1,540.82 Lakhs | ₹1,448.46 Lakhs | ₹728.85 Lakhs |
| Profit After Tax | ₹82.98 Lakhs | ₹10.43 Lakhs | ₹4.73 Lakhs |
| Net Worth | ₹397.09 Lakhs | ₹17.11 Lakhs | ₹6.68 Lakhs |
| Reserves and Surplus | ₹362.09 Lakhs | ₹15.11 Lakhs | ₹4.68 Lakhs |
Key Performance Indicators (KPI)
As of March 31, 2024, the company boasts a market capitalization of ₹47.12 Cr. Below are some key performance indicators:
| KPI | Values |
|---|---|
| RoNW | 20.90% |
| P/BV | 5.66 |
| PAT Margin (%) | 148.39 |
Pre IPO and Post IPO Metrics
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs) | 2.16 | 1.58 |
| P/E (x) | 41.6 | 56.78 |
Note: Pre IPO EPS is calculated based on the pre-issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2024. Post IPO EPS is calculated based on the post-issue shareholding and annualized FY earnings of March 31, 2024.
Objects of the Issue
The funds raised from the IPO will be used for the following purposes:
- Acquisition of land and construction of buildings
- Acquisition of plant & machinery
- Funding additional working capital requirements
- General corporate purposes
Frequently Asked Questions (FAQs)
1. When will the Excellent Wires and Packaging IPO open and close?
- The IPO will open on September 11, 2024, and close on September 13, 2024.
2. What is the price per share for the Excellent Wires and Packaging IPO?
- The price per share is ₹90.
3. What is the minimum investment required for retail investors?
- Retail investors must invest a minimum of ₹144,000, which corresponds to 1600 shares.
4. When will the allotment of shares be finalized?
- The allotment is expected to be finalized on September 16, 2024.
5. Where will the shares be listed?
- The shares will be listed on NSE SME.
Conclusion
The Excellent Wires and Packaging IPO presents an intriguing opportunity for investors looking to tap into the growth potential of a company with strong financials and an ambitious expansion plan. Make sure to do your due diligence and consider all factors before making an investment decision.
Source: www.chittorgarh.com