Excellent Wires and Packaging Limited

Company Profile
Company Name Excellent Wires and Packaging Limited
Open Date 11-09-2024
Close Date 13-09-2024
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹90 per share
Issue Size ₹12.60 Cr
Application Amount ₹144,000
Recommendation Avoid
Company Background – Established in 2012, the company has their registered office in Palghar, Maharashtra, India. Business Activity: Excellent Wires and Packaging Limited manufactures a wide range of wires and wire ropes under the brand name "Excellent", including various types such as Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire), and others for multiple applications. Company expanded into brass wire production in 2022 through a leased facility in Panvel and then Consolidated operations to a single unit in Palghar in 2024 for efficiency. Revenue Model: Company operates on a B2B model. Revenue Generation: Top 3 Geographical Concentration: Maharashtra (91%), Karnataka (3%), Gujarat (3%) (FY24). Top Product Concentration: Steel Wires & Products (45%) (FY24). As of July 2024, Company had 18 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 728.83 1,448.45 1,540.82
EBITDA 16.50 41.82 146.13
Net Profit 146.13 10.44 82.98
RoCE 217.45% 137.07% 34.75%
ROE 70.81% 61.02% 20.90%
P/E 473.68 214.29 27.11

Tentative Timeline

Opening Date 11-09-2024
Closing Date 13-09-2024
Basis of Allotment 16-09-2024
Initiation of Refunds 17-09-2024
Credit of Shares to Demat 20-09-2024
Listing Date 19-09-2024

Objects of the Issue

Acquisition of Land and construction of Building
Acquisition of Plant & Machineries
To meet the Working Capital Requirement.
General Corporate Purposes

Contact Information

Registered Office Excellent Wires and Packaging Limited Gala No. 1, Jyoti Industrial Estate Vevoor Village, Ganesh Nagar, Palghar - E, Thane, Palghar-401404
Phone +91 98202 85767
Email info@excellentwiresandpackaging.com
Website https://www.excellentwiresandpackaging.com

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Market Maker Shares Offered 72,000 (5.14%)
Other Shares Offered 6,64,000 (47.43%)
Retail Shares Offered 6,64,000 (47.43%)
Total Shares Offered 14,00,000 (100%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 91.89%
Shareholding Post Issue (Promoters) 63.11%

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