The company started its business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. Its other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to its customers on as and when need basis. These packaging products are sold under the brand name of Excellent. It supplies its products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.
The Company was incorporated on March 16, 2021 to pursue the business of Perfect Wire Industries in corporate entity and reduced the business in partnership firm over a period of time and is stopped from August 2021 and entire production facility with assets was rented to the Company vide agreement dated June 01, 2021 and it sold all machines to this Company on March 01, 2024 at Rs. 17.75 Lakhs vide their invoice no. PW/FA/001 at written down value. As on date above business is completely carried on in Excellent Wires and Packaging Limited. It leased a property in Panvel from Dhara Brass Wire Private Limited starting from 1st May 2022, which included existing machinery with an installed capacity of 360 MTPA. This enabled it to launch a new product line of brass wires. However, managing two separate manufacturing units became challenging, leading it to vacate the Panvel property on 30th April 2024. To streamline operations and reduce costs, it rented a new property (Gala No. 3) next to its original unit in Palghar. This move also provided financial benefits due to lower rental expenses compared to the Panvel unit.
Get more information about the company @ https://www.excellentwiresandpackaging.com/
Excellent Wires IPO Details
|
| IPO opens on |
11 September 2024 |
| IPO closes on |
13 September 2024 |
| Issue Type |
Book Built Issue IPO |
| Issue Size |
1400000 Shares /
Rs 12.60 Crore |
| * Fresh Issue |
1400000 Shares /
Rs 12.60 Crore |
| * Offer for Sale – |
– shares /
Rs. – crore |
| Market Maker Portion |
72000 Shares |
| Net offer to Public |
1328000 Shares/
Rs.11.95 Crore |
| Face Value per share |
Rs. 10 |
| Price Band |
Rs.90 |
| Employee discount |
Rs. 0 per share |
| Retail Lot Size |
1600 Shares |
| Listing will at |
NSE SME |
Shares offered in IPO
|
| |
Shares |
Rs. (Crore) |
| QIB (0%) |
– |
– |
| NII (50%) |
664000 |
5.98 |
| RII (50%) |
664000 |
5.98 |
| Total Shares |
1328000 |
11.95 |
| Retail portion will be oversubscribed by |
415 |
| Forms |
| How much Shares to Apply in this IPO? |
| Min Retail Application |
1600 Shares |
Rs.144000 |
| Min HNI Application |
3200 Shares |
Rs.288000 |
Who are the Promoters of Excellent Wires IPO?
The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.
What are the Objects of Excellent Wires IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1)Acquisition of Land and construction of Building
2)Acquisition of Plant & Machineries
3)Funding additional Working capital requirements; and
4)General Corporate Purposes
Registered Office of the Company
Excellent Wires and Packaging Limited
Gala No. 1, Jyoti Industrial Estate
Vevoor Village, Ganesh Nagar, Palghar – E,
Thane, Palghar-401404
|
Who is the Lead Manager of this IPO?
Inventure Merchant Banker Services Pvt ltd
|
|
Who is the Registrar to IPO?
Bigshare Services Limited
|
Excellent Wires IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Excellent Wires IPO Financial & Analytical Ratios
|
| Year |
Total
Income |
Net
Profit |
EPS |
RoNW |
| |
Rs.in Crore |
Rs.in Crore |
Rs. |
% |
| 2021-22 |
7.29 |
0.05 |
0.27 |
70.81 |
| 2022-23 |
14.48 |
0.10 |
0.42 |
60.96 |
| 2023-24 |
15.41 |
0.83 |
3.32 |
20.90 |
Book Value of the
Share on 31.03.2024 |
Rs |
15.90 |
|
|
BV of the Share at
cap price after IPO |
Rs. |
42.51 |
|
|
| Offer Price/upper band |
Rs. |
90 |
|
|
IPO
Key Performance indicators
|
| Price/EPS of 23-24 |
27.11 |
| Price/BV Ratio |
5.66 |
| Price/BV after IPO |
2.12 |
How Excellent Wires IPO compares with the Peers?
| As on date of RHP |
FV |
Total |
PE |
| |
Rs. |
Income |
Ratio of |
| |
|
Rs. In Crore |
|
| Excellent Wires |
10 |
15 |
27.11 |
| Bedmutha |
10 |
868 |
36.59 |
| KEI Industries |
10 |
8153 |
72.98 |
| Rajratna Wires |
10 |
558 |
54.37 |
| |
|
|
|
| |
|
|
|
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Excellent Wires IPO Review
The company started its business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire
Size: Net size of the IPO is Rs.11.95 crore, comprising of 1328000 shares. The size of the IPO is very small and so oversubscription is not difficult.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO.
+ from fundamental angle: IPO is so-so
+ from grey market angle: ?
Quicklinks
Excellent Wires IPO GMP today allotment, review?
Excellent Wires IPO GMP grey market premium
Excellent Wires IPO FAQs
What is Excellent Wires IPO?
This is a SME IPO of 1400000 equity shares of the face value of Rs. 10 aggregating up to Rs.12.60 Crores. The issue is priced at Rs.90 per share. The minimum order quantity is 1600 Shares.
When will Excellent Wires IPO subscription open?
Excellent Wires IPO opens on September 11, 2024, and closes on September 13, 2024.
What is the lot size of Excellent Wires IPO?
Excellent Wires IPO lot size is 1600 Shares, and the minimum amount required is Rs.144000
How to apply for Excellent Wires IPO?
You can apply in Excellent Wires IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Excellent Wires IPO allotment?
The finalization of Basis of Allotment for Excellent Wires IPO will be done on September 16, 2024, and the allotted shares will be credited to your demat account by September 17, 2024.
When is Jeyyam Global Foods IPO listing date?
Excellent Wires IPO listing date is September 18, 2024.
Subscription status of Excellent Wires IPO
Excellent Wires and Packaging IPO (Closed)
Price Rs. 90 Lot 1600 shares, Rs. 12.60 Crore
|
| QIB |
NII x |
RII x |
Total x |
Applications |
| |
8.75 |
32.00 |
20.37 |
13,278 (32.00x) |
| Amount wise bids recd. Rs. ? Crore |
| Note: |
What is the business of Excellent Wires?
The company started its business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. Its other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to its customers on as and when need basis. These packaging products are sold under the brand name of Excellent. It supplies its products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.
The Company was incorporated on March 16, 2021 to pursue the business of Perfect Wire Industries in corporate entity and reduced the business in partnership firm over a period of time and is stopped from August 2021 and entire production facility with assets was rented to the Company vide agreement dated June 01, 2021 and it sold all machines to this Company on March 01, 2024 at Rs. 17.75 Lakhs vide their invoice no. PW/FA/001 at written down value. As on date above business is completely carried on in Excellent Wires and Packaging Limited. It leased a property in Panvel from Dhara Brass Wire Private Limited starting from 1st May 2022, which included existing machinery with an installed capacity of 360 MTPA. This enabled it to launch a new product line of brass wires. However, managing two separate manufacturing units became challenging, leading it to vacate the Panvel property on 30th April 2024. To streamline operations and reduce costs, it rented a new property (Gala No. 3) next to its original unit in Palghar. This move also provided financial benefits due to lower rental expenses compared to the Panvel unit.
Get more information about the company @ https://www.excellentwiresandpackaging.com/
Excellent Wires IPO Details
|
| IPO opens on |
11 September 2024 |
| IPO closes on |
13 September 2024 |
| Issue Type |
Book Built Issue IPO |
| Issue Size |
1400000 Shares /
Rs 12.60 Crore |
| * Fresh Issue |
1400000 Shares /
Rs 12.60 Crore |
| * Offer for Sale – |
– shares /
Rs. – crore |
| Market Maker Portion |
72000 Shares |
| Net offer to Public |
1328000 Shares/
Rs.11.95 Crore |
| Face Value per share |
Rs. 10 |
| Price Band |
Rs.90 |
| Employee discount |
Rs. 0 per share |
| Retail Lot Size |
1600 Shares |
| Listing will at |
NSE SME |
Shares offered in IPO
|
| |
Shares |
Rs. (Crore) |
| QIB (0%) |
– |
– |
| NII (50%) |
664000 |
5.98 |
| RII (50%) |
664000 |
5.98 |
| Total Shares |
1328000 |
11.95 |
| Retail portion will be oversubscribed by |
415 |
| Forms |
| How much Shares to Apply in this IPO? |
| Min Retail Application |
1600 Shares |
Rs.144000 |
| Min HNI Application |
3200 Shares |
Rs.288000 |
Who are the Promoters of Excellent Wires IPO?
The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.
What are the Objects of Excellent Wires IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1)Acquisition of Land and construction of Building
2)Acquisition of Plant & Machineries
3)Funding additional Working capital requirements; and
4)General Corporate Purposes
Registered Office of the Company
Excellent Wires and Packaging Limited
Gala No. 1, Jyoti Industrial Estate
Vevoor Village, Ganesh Nagar, Palghar – E,
Thane, Palghar-401404
|
Who is the Lead Manager of this IPO?
Inventure Merchant Banker Services Pvt ltd
|
|
Who is the Registrar to IPO?
Bigshare Services Limited
|
Excellent Wires IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Excellent Wires IPO Financial & Analytical Ratios
|
| Year |
Total
Income |
Net
Profit |
EPS |
RoNW |
| |
Rs.in Crore |
Rs.in Crore |
Rs. |
% |
| 2021-22 |
7.29 |
0.05 |
0.27 |
70.81 |
| 2022-23 |
14.48 |
0.10 |
0.42 |
60.96 |
| 2023-24 |
15.41 |
0.83 |
3.32 |
20.90 |
Book Value of the
Share on 31.03.2024 |
Rs |
15.90 |
|
|
BV of the Share at
cap price after IPO |
Rs. |
42.51 |
|
|
| Offer Price/upper band |
Rs. |
90 |
|
|
IPO
Key Performance indicators
|
| Price/EPS of 23-24 |
27.11 |
| Price/BV Ratio |
5.66 |
| Price/BV after IPO |
2.12 |
How Excellent Wires IPO compares with the Peers?
| As on date of RHP |
FV |
Total |
PE |
| |
Rs. |
Income |
Ratio of |
| |
|
Rs. In Crore |
|
| Excellent Wires |
10 |
15 |
27.11 |
| Bedmutha |
10 |
868 |
36.59 |
| KEI Industries |
10 |
8153 |
72.98 |
| Rajratna Wires |
10 |
558 |
54.37 |
| |
|
|
|
| |
|
|
|
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Excellent Wires IPO Review
The company started its business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire
Size: Net size of the IPO is Rs.11.95 crore, comprising of 1328000 shares. The size of the IPO is very small and so oversubscription is not difficult.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO.
+ from fundamental angle: IPO is so-so
+ from grey market angle: ?
Quicklinks
Excellent Wires IPO GMP today allotment, review?
Excellent Wires IPO GMP grey market premium
Excellent Wires IPO FAQs
What is Excellent Wires IPO?
This is a SME IPO of 1400000 equity shares of the face value of Rs. 10 aggregating up to Rs.12.60 Crores. The issue is priced at Rs.90 per share. The minimum order quantity is 1600 Shares.
When will Excellent Wires IPO subscription open?
Excellent Wires IPO opens on September 11, 2024, and closes on September 13, 2024.
What is the lot size of Excellent Wires IPO?
Excellent Wires IPO lot size is 1600 Shares, and the minimum amount required is Rs.144000
How to apply for Excellent Wires IPO?
You can apply in Excellent Wires IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Excellent Wires IPO allotment?
The finalization of Basis of Allotment for Excellent Wires IPO will be done on September 16, 2024, and the allotted shares will be credited to your demat account by September 17, 2024.
When is Jeyyam Global Foods IPO listing date?
Excellent Wires IPO listing date is September 18, 2024.
What is the latest grey market premium of Excellent Wires IPO?
For latest GMP, Click
Subscription status of Excellent Wires IPO
Excellent Wires and Packaging IPO (Closed)
Price Rs. 90 Lot 1600 shares, Rs. 12.60 Crore
|
| QIB |
NII x |
RII x |
Total x |
Applications |
| |
8.75 |
32.00 |
20.37 |
13,278 (32.00x) |
| Amount wise bids recd. Rs. ? Crore |
| Note: |
What is the business of Excellent Wires?
The company started its business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. Its other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to its customers on as and when need basis. These packaging products are sold under the brand name of Excellent. It supplies its products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.
The Company was incorporated on March 16, 2021 to pursue the business of Perfect Wire Industries in corporate entity and reduced the business in partnership firm over a period of time and is stopped from August 2021 and entire production facility with assets was rented to the Company vide agreement dated June 01, 2021 and it sold all machines to this Company on March 01, 2024 at Rs. 17.75 Lakhs vide their invoice no. PW/FA/001 at written down value. As on date above business is completely carried on in Excellent Wires and Packaging Limited. It leased a property in Panvel from Dhara Brass Wire Private Limited starting from 1st May 2022, which included existing machinery with an installed capacity of 360 MTPA. This enabled it to launch a new product line of brass wires. However, managing two separate manufacturing units became challenging, leading it to vacate the Panvel property on 30th April 2024. To streamline operations and reduce costs, it rented a new property (Gala No. 3) next to its original unit in Palghar. This move also provided financial benefits due to lower rental expenses compared to the Panvel unit.
Get more information about the company @ https://www.excellentwiresandpackaging.com/
Excellent Wires IPO Details
|
| IPO opens on |
11 September 2024 |
| IPO closes on |
13 September 2024 |
| Issue Type |
Book Built Issue IPO |
| Issue Size |
1400000 Shares /
Rs 12.60 Crore |
| * Fresh Issue |
1400000 Shares /
Rs 12.60 Crore |
| * Offer for Sale – |
– shares /
Rs. – crore |
| Market Maker Portion |
72000 Shares |
| Net offer to Public |
1328000 Shares/
Rs.11.95 Crore |
| Face Value per share |
Rs. 10 |
| Price Band |
Rs.90 |
| Employee discount |
Rs. 0 per share |
| Retail Lot Size |
1600 Shares |
| Listing will at |
NSE SME |
Shares offered in IPO
|
| |
Shares |
Rs. (Crore) |
| QIB (0%) |
– |
– |
| NII (50%) |
664000 |
5.98 |
| RII (50%) |
664000 |
5.98 |
| Total Shares |
1328000 |
11.95 |
| Retail portion will be oversubscribed by |
415 |
| Forms |
| How much Shares to Apply in this IPO? |
| Min Retail Application |
1600 Shares |
Rs.144000 |
| Min HNI Application |
3200 Shares |
Rs.288000 |
Who are the Promoters of Excellent Wires IPO?
The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.
What are the Objects of Excellent Wires IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1)Acquisition of Land and construction of Building
2)Acquisition of Plant & Machineries
3)Funding additional Working capital requirements; and
4)General Corporate Purposes
Registered Office of the Company
Excellent Wires and Packaging Limited
Gala No. 1, Jyoti Industrial Estate
Vevoor Village, Ganesh Nagar, Palghar – E,
Thane, Palghar-401404
|
Who is the Lead Manager of this IPO?
Inventure Merchant Banker Services Pvt ltd
|
|
Who is the Registrar to IPO?
Bigshare Services Limited
|
Excellent Wires IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Excellent Wires IPO Financial & Analytical Ratios
|
| Year |
Total
Income |
Net
Profit |
EPS |
RoNW |
| |
Rs.in Crore |
Rs.in Crore |
Rs. |
% |
| 2021-22 |
7.29 |
0.05 |
0.27 |
70.81 |
| 2022-23 |
14.48 |
0.10 |
0.42 |
60.96 |
| 2023-24 |
15.41 |
0.83 |
3.32 |
20.90 |
Book Value of the
Share on 31.03.2024 |
Rs |
15.90 |
|
|
BV of the Share at
cap price after IPO |
Rs. |
42.51 |
|
|
| Offer Price/upper band |
Rs. |
90 |
|
|
IPO
Key Performance indicators
|
| Price/EPS of 23-24 |
27.11 |
| Price/BV Ratio |
5.66 |
| Price/BV after IPO |
2.12 |
How Excellent Wires IPO compares with the Peers?
| As on date of RHP |
FV |
Total |
PE |
| |
Rs. |
Income |
Ratio of |
| |
|
Rs. In Crore |
|
| Excellent Wires |
10 |
15 |
27.11 |
| Bedmutha |
10 |
868 |
36.59 |
| KEI Industries |
10 |
8153 |
72.98 |
| Rajratna Wires |
10 |
558 |
54.37 |
| |
|
|
|
| |
|
|
|
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Excellent Wires IPO Review
The company started its business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire
Size: Net size of the IPO is Rs.11.95 crore, comprising of 1328000 shares. The size of the IPO is very small and so oversubscription is not difficult.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO.
+ from fundamental angle: IPO is so-so
+ from grey market angle: ?
Quicklinks
Excellent Wires IPO GMP today allotment, review?
Excellent Wires IPO GMP grey market premium
Excellent Wires IPO FAQs
What is Excellent Wires IPO?
This is a SME IPO of 1400000 equity shares of the face value of Rs. 10 aggregating up to Rs.12.60 Crores. The issue is priced at Rs.90 per share. The minimum order quantity is 1600 Shares.
When will Excellent Wires IPO subscription open?
Excellent Wires IPO opens on September 11, 2024, and closes on September 13, 2024.
What is the lot size of Excellent Wires IPO?
Excellent Wires IPO lot size is 1600 Shares, and the minimum amount required is Rs.144000
How to apply for Excellent Wires IPO?
You can apply in Excellent Wires IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Excellent Wires IPO allotment?
The finalization of Basis of Allotment for Excellent Wires IPO will be done on September 16, 2024, and the allotted shares will be credited to your demat account by September 17, 2024.
When is Jeyyam Global Foods IPO listing date?
Excellent Wires IPO listing date is September 18, 2024.
September 19, 2024
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