Excellent Wires and Packaging Limited is coming up with an IPO consisting of a fresh issue of 14,00,000 shares worth INR 12.60 crores. The company aims to acquire land and machinery, fund working capital, and address general corporate needs.
Excellent Wires and Packaging IPO – Important Dates
| Excellent Wires and Packaging Limited IPO Date | September 11, 2024 to September 13, 2024 |
| Excellent Wires and Packaging Limited IPO Listing Date | September 19, 2024 |
| Excellent Wires and Packaging Limited IPO Price | INR 90 per share |
| Excellent Wires and Packaging Limited IPO Lot Size | 1600 Shares |
| Excellent Wires and Packaging Limited IPO Total Issue Size | INR 12.60 crores |
| Excellent Wires and Packaging Limited IPO Basis of Allotment | September 16, 2024 |
| Excellent Wires and Packaging Limited IPO Initiation of Refunds | September 17, 2024 |
| Excellent Wires and Packaging Limited IPO Credit of Shares to Demat | September 17, 2024 |
| Excellent Wires and Packaging Limited IPO Issue Type | Fixed Price Issue IPO |
| Excellent Wires and Packaging Limited IPO Listing At | BSE SME |
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Excellent Wires and Packaging Limited IPO – Company Profile
Excellent Wires and Packaging Limited, originally Perfect Wire Industries, began in April 2012 as a partnership manufacturing wires. Incorporated in March 2021, it now entirely operates the wire and packaging business under the Excellent brand.
They ensure uncompromised quality from raw material selection to final product dispatch. They use in-house and external lab tests at every stage, including batch-based testing, to guarantee that their products meet specified standards.
Their ISO 9001:2015 certification demonstrates their commitment to quality and continuous improvement. They offer Brass Wires and products, Steel Wires and products, and Packaging Products, consistently prioritizing quality and on-time delivery.
Excellent Wires and Packaging Ltd IPO Fundamental Analysis
Excellent Wires and Packaging Limited’s financial analysis reveals a mixed performance. Revenue has steadily increased, equity and liabilities reflect growth and profitability, and EPS has risen, but RoNW has decreased, indicating lower returns on shareholder equity.
- Revenue Trend: The revenue decreased from ₹728.83 lakhs in March 2022 to ₹1,448.45 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 1,540.82 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹4.73 lakhs in March 2022 to ₹82.98 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.27 in March 2022 to ₹3.32 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 70.81% to 20.90%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Excellent Wires and Packaging IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 728.83 | 1,448.45 | 1,540.82 |
| Equity (₹ in lakhs) | 6.68 | 17.11 | 397.09 |
| Expenses (₹ in lakhs) | 722.39 | 1,434.28 | 1,428.18 |
| Profit and Loss After Tax (₹ in lakhs) | 4.73 | 10.43 | 82.98 |
| Diluted EPS only (₹) | 0.27 | 0.42 | 3.32 |
| Return on Net Worth (%) | 70.81 | 60.96 | 20.90 |
| NAV per Equity Share (₹) | 0.27 | 0.69 | 15.90 |
| Total Assets (in lakhs) | 242.63 | 324.69 | 705.08 |
| Total Liabilities (in lakhs) | 235.95 | 307.58 | 307.99 |
Excellent Wires and Packaging Limited IPO Peer Comparison
Excellent has a competitive P/E ratio and RoNW compared to industry peers like Bedmutha, KEI, and Rajratan Global. However, it lags in revenue, EPS, and NAV per equity share, reflecting different market positions.
| Company | Total Revenue (₹ in crores) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Excellent | 15.41 | 10 | 27.11 | 3.32 | 20.90 | 15.90 |
| Bedmutha Ind | 868.14 | 10 | 36.59 | 6.28 | 16.34 | 37.38 |
| KEI Ind | 8,153.10 | 2 | 72.98 | 64.41 | 18.46 | 348.88 |
| Rajratan Global | 557.76 | 2 | 54.37 | 11.00 | 15.87 | 69.35 |
Excellent Wires and Packaging Ltd IPO Objective
The main objective of Excellent Wires and Packaging Limited is to acquire land, construct facilities, purchase machinery, and fund additional working capital needs.
- Acquisition of Land and Construction of Building: The company intends to utilize INR 3.41 crores for land acquisition and INR 2.37 crores for building construction, addressing increased production demand, new machinery installation, operational efficiency, and future growth needs.
- Acquisition of Plant & Machineries: The company plans to utilize INR 2 crores for new machinery, expanding capacity by 1,310 MTPA, enabling new product lines, and enhancing backward integration to improve supply chain control and profitability.
- Funding Additional Working Capital Requirements: The company aims to utilize ₹1.50 crores of the net proceeds for working capital needs, covering approximately 12% of the issue size, with the remainder funded through existing facilities and internal accruals.
- General Corporate Purposes: The company will allocate INR 2.32 crores to general corporate goals, including funding growth opportunities, strategic initiatives, joint ventures, partnerships, marketing, brand development, facility expansion, and various expenses.
Excellent Wires and Packaging IPO Risks And Challenges
Excellent Wires and Packaging Limited’s risk includes potential cost overruns and delays in land, building, and machinery investments, challenges sustaining growth and profitability with expanded capacities, and fluctuations in raw material prices affecting financial stability.
- The company plans to spend ₹5.78 crores on land acquisition, building construction, and machinery installation. While quotations have been obtained, any cost overruns or delays may negatively impact financial condition and growth prospects.
- They expanded their facilities from 280 MTPA to 880 MTPA, with plans for 1,310 MTPA at Wada. However, sustained growth and profitability depend on effective management, market positioning, and successful integration of new operations.
- Raw materials, comprising a significant part of their expenses, fluctuate in price due to market volatility and global demand. Increased costs may impact their ability to maintain product pricing and demand, affecting their financial condition and operations.
Excellent Wires and Packaging Ltd IPO – Industry & Market Potential
India’s steel sector has expanded significantly over the past decade, with production and consumption rising steadily. By 2030-31, steel production is expected to exceed 300 MT, with per-capita consumption reaching 160 kg.
The Interim Budget 2024-25 raised infrastructure capital investment to ₹11.11 lakh crore. The NIP now covers 9,142 projects, focusing heavily on transportation. India’s logistics market is projected to grow substantially by 2029.
India, a top global manufacturing destination, aims to export US$1 trillion by 2030. Manufacturing exports hit a record US$447.46 billion in FY23. With robust GDP growth and a growing middle class, India’s manufacturing sector is expanding rapidly.
Excellent Wires and Packaging Limited IPO – Type of Offer
Excellent Wires and Packaging Limited is coming up with an IPO consisting of a fresh issue of 14,00,000 shares worth INR 12.60 crores. The company aims to acquire land and machinery, fund working capital, and address general corporate needs.
Excellent Wires and Packaging IPO Offer Size
The offer size of Excellent Wires and Packaging Limited is INR 12.60 crores, consisting of a fresh issue of 14,00,000 shares. The company seeks funds to acquire land and machinery, fund working capital, and address general corporate needs.
Excellent Wires and Packaging Limited IPO Allotment Structure
Excellent Wires and Packaging Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 72,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 72,000 shares for this purpose.
Read more Excellent Wires and Packaging Limited IPO Allotment Status
How to apply for Excellent Wires and Packaging IPO?
To apply for the Excellent Wires and Packaging Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Excellent Wires and Packaging Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Excellent Wires and Packaging Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more Excellent Wires and Packaging IPO Day 1 Subscription
How do you check Excellent Wires and Packaging IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Excellent Wires and Packaging Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Excellent Wires and Packaging Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Excellent Wires and Packaging Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Excellent Wires and Packaging Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more Excellent Wires and Packaging IPO Day 2 Subscription
Excellent Wires and Packaging Ltd IPO Offer Registrar
The registrar for the Excellent Wires and Packaging Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the 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: [email protected]
Website: www.bigshareonline.com
Read more Excellent Wires and Packaging IPO Day 3 Subscription
Excellent Wires and Packaging IPO – FAQs
1. What is the allotment date of the Excellent Wires and Packaging IPO?
The allotment date of the Excellent Wires and Packaging Limited IPO is September 16, 2024.
2. What is the price band of the Excellent Wires and Packaging IPO?
The price band of the issue is INR 90 per share.
3. What is the size of the Excellent Wires and Packaging IPO?
The offer size of Excellent Wires and Packaging Limited is INR 12.60 crores, consisting of a fresh issue of 14,00,000 shares. The company seeks funds to acquire land and machinery, fund working capital, and address general corporate needs.
4. What is the listing date of the Excellent Wires and Packaging IPO?
The listing date of Excellent Wires and Packaging Limited’s IPO is September 19, 2024.
