Excellent Wires and Packaging ltd IPO

Incorporated in March 2021, 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.

The company’s products can be categorised into the following

  • Brass Wires & Products
  • Steel Wires & Products
  • Other Products viz. Packaging Products

The company’s products are supplied to various industries such as Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.

The company has been awarded the ISO 9001:2015 Certification, an internationally recognized standard for ensuring effective quality management.

As of July 2024, the company employed 18 people in various departments.

Excellent Wires and Packaging Limited Financial Information (Restated Consolidated)

Excellent Wires and Packaging Limited’s revenue increased by 6% and profit after tax (PAT) rose by 696% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets705.08324.69242.63
Revenue1,540.821,448.46728.85
Profit After Tax82.9810.434.73
Net Worth397.0917.116.68
Reserves and Surplus362.0915.114.68
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Excellent Wires and Packaging IPO is Rs 40.23 Cr.

KPI as of March 31, 2024.

KPIValues
RoNW20.90%
P/BV5.66
PAT Margin (%)148.39
 Pre IPOPost IPO
EPS (Rs) 2.71.86
P/E (x) 33.348.48
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Excellent Wires and Packaging IPO Objectives)

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Acquisition of Land and construction of Building
  • Acquisition of Plant & Machineries
  • Funding additional Working capital requirements; and
  • General Corporate Purposes

Excellent Wires and Packaging IPO Details

IPO DateSeptember 11, 2024 to September 13, 2024
Listing Date[.]
Face Value₹10 per share
Price₹90 per share
Lot Size1600 Shares
Total Issue Size1,400,000 shares
(aggregating up to ₹12.60 Cr)
Fresh Issue1,400,000 shares
(aggregating up to ₹12.60 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue3,070,000
Share holding post issue4,470,000
Market Maker portion72,000 shares

Excellent Wires and Packaging IPO Promoter Holding

The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.

Share Holding Pre Issue91.90%
Share Holding Post Issue63.12%

SHARIAH SCREENING for - Excellent Wires and Packaging Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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