IPO Price Range: ₹90 - 90
Min Investment
₹1,44,000
IPO Size
₹12 Cr
IPO Status
Quantity in 1 Lot
1600
Max Bid allowed
1
Listing Exchange
NSE
Bid Opening Date | 11 Sep 2024 |
Bid Closing Date | 13 Sep 2024 |
Allotment Date | 17 Sep 2024 |
Issue Size | ₹12.6Cr |
Quantity in 1 lot | 1600 |
Experienced Promoter and management team with strong industry expertise.
Established Reputation and Strong customer relationships.
Diversified product portfolio.
Continuous improvement in Operations.
The company propose to utilize a portion of its Net Proceeds towards acquisition of land and construction of building and acquisition of plant and machineries for its proposed manufacturing facility at Wada. Any delay or failures in successfully setting up this facility may affect its business growth, thereby affecting its future business plans, business operations and financial conditions.
If the company is unable to implement its growth strategy successfully including in relation to selecting locations for its new manufacturing facility, the companys results of operations and financial condition may be adversely affected.
The company has not entered into long-term contracts with its customers and typically operates on the basis of purchase orders from its customers, any loss of customers could adversely impact the companys revenues and profitability.
Raw Materials costs constitute a significant percentage of the Companys total expenses. The costs of the raw materials that the company use in its manufacturing process are subject to volatility. Increases or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.
Improper storage, processing and handling of its raw materials, in process products and finished products could damage the company inventories and, as a result, have an adverse effect on its business, results of operations and cash flows.
Its customers are B2B businesses and are subject to high working capital requirements. The companys inability to maintain an optimal level of working capital required for its business may impact the companys operations adversely.
Its Promoters and Directors, Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah plays key role in its functioning and the company heavily depends on their knowledge and experience in operating its business and therefore, it is critical for the companys business that its Promoters remain associated with it. The companys success also depends on its key managerial personnel and its ability to attract and retain them. Any loss of the company key person could adversely affect its business, operations and financial condition.
Substantial portion of its purchases raw materials has been dependent upon limited number of vendors.
The implementation of the project for which proposed issue is planned is at a very preliminary stage. Any delay in implementation of the same may increase the capital cost and also affect returns from the project.
Information relating to its production capacities and the historical capacity utilization of its production facilities included in this Draft Prospectus is based on certain assumptions and future production and capacity utilization may vary.
Investors | Holdings % |
Bhavya Vasant Shah | 30.75% |
Rachit Paresh Masalia | 35.31% |
Darshil Hasmukh Shah | 23.25% |
Organisation | Excellent Wires and Packaging Ltd |
Headquarters | Palghar |
Industry | Steel |