Excellent Wires and Packaging Ltd

Excellent Wires and Packaging Ltd IPO

IPO Price Range: ₹90 - 90

We started our business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer and exporter 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. We also manufacture packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes under the brand name of Excellent. We supply our products to various industries viz. Packaging, Engineering, Stationery, ImitationJewellry, Wires & Cable etc. Our 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 our Company vide agreement dated June 01, 2021 and it sold all machines to our 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.

Min Investment

₹1,44,000

IPO Size

₹12 Cr

IPO Status

Closed

Quantity in 1 Lot

1600

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Excellent Wires and Packaging Ltd

Open Date11 Sep 2024
Close Date13 Sep 2024
Allotment Date17 Sep 2024
Listing Date19 Sep 2024

Key Statistics

Bid Opening DateBid Opening Date11 Sep 2024
Bid Closing DateBid Closing Date13 Sep 2024
Allotment DateAllotment Date17 Sep 2024
Issue SizeIssue Size₹12.6Cr
Quantity in 1 lotQuantity in 1 lot1600

Strength and risks

Strength

Strength

  • Experienced Promoter and management team with strong industry expertise.

  • Established Reputation and Strong customer relationships.

  • Diversified product portfolio.

  • Continuous improvement in Operations.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Bhavya Vasant Shah30.75%
Rachit Paresh Masalia35.31%
Darshil Hasmukh Shah23.25%

About Excellent Wires and Packaging Ltd

OrganisationExcellent Wires and Packaging Ltd
HeadquartersPalghar
IndustrySteel

Frequently Asked Questions

  • What is the size of the Excellent Wires and Packaging Ltd IPO?

    The size of the Excellent Wires and Packaging Ltd IPO is ₹12.6Cr .

  • What is 'pre-apply' for Excellent Wires and Packaging Ltd IPO?

    'Pre-apply' for Excellent Wires and Packaging Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Excellent Wires and Packaging Ltd IPO order be placed?

    Your Excellent Wires and Packaging Ltd IPO order will be placed on 11 Sep 2024.

  • What are the open and close dates of the Excellent Wires and Packaging Ltd IPO?

    The open and close dates of the Excellent Wires and Packaging Ltd IPO are 11 Sep 2024 to 13 Sep 2024.

  • What is the lot size and minimum order quantity of the Excellent Wires and Packaging Ltd IPO?

    The lot size and minimum order quantity of the Excellent Wires and Packaging Ltd IPO are 1600 and 1600 respectively.

  • What would be the listing gains on the Excellent Wires and Packaging Ltd IPO?

    The potential listing gains on the Excellent Wires and Packaging Ltd IPO will depend on various market factors and cannot be predicted with certainty.