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
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’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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 705.08 | 324.69 | 242.63 | |||||||||||||||||||||||||||
| Revenue | 1,540.82 | 1,448.46 | 728.85 | |||||||||||||||||||||||||||
| Profit After Tax | 82.98 | 10.43 | 4.73 | |||||||||||||||||||||||||||
| Net Worth | 397.09 | 17.11 | 6.68 | |||||||||||||||||||||||||||
| Reserves and Surplus | 362.09 | 15.11 | 4.68 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Excellent Wires and Packaging IPO is Rs 40.23 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| RoNW | 20.90% |
| P/BV | 5.66 |
| PAT Margin (%) | 148.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.7 | 1.86 |
| P/E (x) | 33.3 | 48.48 |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,400,000 shares (aggregating up to ₹12.60 Cr) |
| Fresh Issue | 1,400,000 shares (aggregating up to ₹12.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,070,000 |
| Share holding post issue | 4,470,000 |
| Market Maker portion | 72,000 shares |
The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.
| Share Holding Pre Issue | 91.90% |
| Share Holding Post Issue | 63.12% |
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