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TCS, HDFCBANK, SBI Liquid Fund (G)
Excellent Wires And Packaging Ltd.

EXCELLENT

Equity

NSE

Min. Investment

90,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage91.963.12
Share Capital28210002821000

Offer to Public

14,00,000.00 Cr

Project Details

  • Acquisition of Plant & Machineries - 20cr
  • Acquisition of Land and construction of Building - 57.82cr
  • General Corporate Purposes - 23.18cr
  • Funding additional working capital requirements - 15cr

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
2023328.442.0010.4310.436.5187
2024712.9535.004.734.732.9562
2022242.632.004.734.732.9562
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