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EXCELLENT WIRES AND PACKAGING LIMITED IPO

EXCELLENT WIRES AND PACKAGING LIMITED IPO

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Listed Price: ₹ 85.00 (-5.56%)

EXCELLENT WIRES AND PACKAGING LIMITED's has transitioned to a publicly listed entity following its IPO debut on 19-09-2024 at the NSE exchange. The public offering successfully raised 14,00,000 Shares, consisting of 14,00,000 Sharesin new capital.

The IPO featured a competitive price range of ₹90 to ₹90 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between 11-09-2024 and 13-09-2024, reflecting investor appetite for the offering.

Allotment of shares was completed on 16-09-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

EXCELLENT WIRES IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
EXCELLENT WIRES IPO Key Performance Indicator
Company Financials ( in Lakhs )

EXCELLENT WIRES IPO About Company

Established in March 2021, Excellent Wires and Packaging Limited manufactures a variety of wires and wire ropes under the "Excellent" brand, including Spring Steel Wire, High Carbon Wire, and Galvanised Wire (GI Wire), among others. The company’s products are grouped into Brass Wires & Products, Steel Wires & Products, and Other Products like Packaging Materials, serving industries such as Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables. With an ISO 9001:2015 Certification for quality management, Excellent Wires and Packaging Limited continues to uphold high standards. As of July 2024, the company has a team of 18 employees across various departments.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

EXCELLENT WIRES IPO Strength Factors

  1. Experienced Leadership: Afcons is guided by a skilled management team with deep industry knowledge.
  2. Trusted Reputation & Strong Client Bonds: The company has earned a solid reputation and maintains strong relationships with its customers.
  3. Versatile Offerings: With a diverse range of projects, Afcons serves multiple industries and adapts to changing market needs.


EXCELLENT WIRES IPO Risk Factors

  1. Delays in Setting Up Facilities: Any hold-ups in getting land, building infrastructure, or installing equipment could slow down business growth and affect financial stability.
  2. Challenges in Growth Plans: Expanding successfully depends on choosing the right locations and executing strategies well. If not done effectively, it could impact operations and financial health.
  3. Short-Term Contracts Risk: Relying on purchase orders instead of long-term contracts can be risky. Losing major customers could have a big impact on revenue and profitability.


EXCELLENT WIRES IPO Lead Manager(s)

  • Inventure Merchant Banker Services Private Limited

EXCELLENT WIRES IPO Promoter(s)

  1. Bhavya Vasant Shah
  2. Rachit Paresh Masalia
  3. Darshil Hasmukh Shah

EXCELLENT WIRES IPO Company Details

EXCELLENT WIRES AND PACKAGING LIMITED
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EXCELLENT WIRES IPO Registrar

Bigshare Services Private Limited
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EXCELLENT WIRES IPO FAQs