IPO Details
Bidding Dates
11 Sept 24 - 13 Sept 24
Price Range ₹
90 - 0
Total Equity
₹ 12.60Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
11 Sept 2024
Offer end
13 Sept 2024
Allotment
16 Sept 2024
Refund initiation
17 Sept 2024
Demat transfer
17 Sept 2024
Listing
19 Sept 2024
Offer start
11 Sept 2024
Offer end
13 Sept 2024
Allotment
16 Sept 2024
Refund initiation
17 Sept 2024
Demat transfer
17 Sept 2024
Listing
19 Sept 2024
About Company
Excellent Wires and Packaging Limited: Established: March 2021 Business: Manufacturer of a wide range of wires and wire ropes under the brand name "Excellent" Product Categories: Brass Wires & Products Steel Wires & Products Packaging Products Applications: Packaging Engineering Stationery Imitation Jewelry Wires & Cables Certifications: ISO 9001:2015 certified for effective quality management Team: As of July 2024, the company employed 18 people across various departments.
Year Founded
16-03-2021
Promotor Details
Bhavya Vasant Shah
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 91.9 | 63.12 |
| Share Capital | 2821000 | 2821000 |
Offer to Public
14,00,000.00 Cr
Project Details
- Acquisition of Land and construction of Building - 57.82cr
- Funding additional working capital requirements - 15cr
- General Corporate Purposes - 23.18cr
- Acquisition of Plant & Machineries - 20cr
Objectives
- Acquisition of Land and construction of Building.Acquisition of Plant & Machineries.Funding additional Working capital requirements.General Corporate Purposes.
Highlights
- ISO 9001:2015 certification for quality management systems.
- Steady growth in revenue and profit over the past three years.
- Strong production capacity of 880 MTPA for wire and related products.
- Rigorous quality control measures for raw materials and finished products.
- Advanced testing processes to ensure consistent product standards.
Challenges
- The company's top 10 customers contributed 64.58%, 61.34%, and 50.44% of its revenue in FY24, FY23, and FY22, respectively. Without long-term contracts with these customers, any reduction or loss of orders from them could adversely affect the company's operations.
- Prime Wires Private Limited, the company’s largest customer, accounted for 41.13%, 35.69%, and 23.03% of revenue in FY24, FY23, and FY22, respectively. Losing this key client could significantly harm the company’s financial position.
- The company’s manufacturing operations are concentrated in Palghar, Maharashtra. Any disruptions or unfavorable developments in this area could negatively impact its operations.
- The company, its promoters, and directors are involved in certain legal proceedings. Adverse outcomes in these cases could negatively affect the company’s business prospects.
- As of July 31, 2024, the company’s total outstanding debt was ₹1.65 crore. Any failure to service or repay these loans on time could impact the business negatively.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 328.44 | 2.00 | 4.73 | 4.73 | 2.9562 |
| 2024 | 712.95 | 35.00 | 10.43 | 10.43 | 6.5187 |
| 2022 | 242.63 | 2.00 | 82.98 | 82.98 | 2.9636 |
