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Excellent Wires and Packaging’s Stock Stumbles at debut, Lists with 5.56% Discount at ₹85 

Excellent Wires and Packaging's stock made a tepid debut on September 19, listing at Rs 85, a 5.56% drop from its IPO price of Rs 90, on the NSE SME platform.
Excellent Wires and Packaging's Stock Stumbles at debut, Lists with 5.56% Discount at ₹85 

Excellent Wires and Packaging had a weak stock market debut on September 19, listing at Rs 85 per share, which is 5.56% below the IPO price of Rs 90, on the NSE SME platform.

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Excellent wires and Packaging Limited IPO achieved significant traction on Day 3, with the issue being subscribed 19.38 times. This robust subscription rate reflects strong investor interest, indicating a positive market reception and confidence in the company’s potential within the industry.

Excellent Wires and Packaging Limited, formerly Perfect Wire Industries, began in 2012 manufacturing wires. Incorporated in 2021, they now operate exclusively under the Excellent brand, producing brass and steel wires, along with packaging products. With ISO 9001:2015 certification, they prioritise quality control, conducting thorough testing at every stage to ensure superior products and timely delivery.

Excellent Wires and Packaging Ltd aims to acquire land, construct facilities, purchase machinery, and fund working capital. It will also allocate funds for general corporate purposes, including growth opportunities, partnerships, marketing, and operational expansion.

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