Exploring the various options in the market, the Excellent Wires and Packaging IPO stands out, particularly for those eyeing a strategic IPO investment. This offering could be a notable opportunity within the packaging sector, given the industry's ongoing growth and importance.
For investors looking at upcoming IPOs to invest in, the potential for returns might make this IPO an appealing consideration. As we delve deeper into the details, you'll discover why this IPO investment could be a strong candidate for your investment portfolio, aligning with long-term financial goals and market trends.
The Excellent Wires and Packaging IPO is a fixed price issue worth Rs 12.60 crores, entirely comprising a fresh issue of 14 lakh shares. The IPO opens for subscription on September 11, 2024, and closes on September 13, 2024.
Investors can expect the allotment for the Excellent Wires and Packaging IPO to be finalised by Monday, September 16, 2024. The listing SME for the shares will be NSE, with the tentative Excellent Wires and Packaging IPO date for listing set for Thursday, September 19, 2024, offering a fresh opportunity for those interested in upcoming IPOs to invest in.
The Excellent Wires and Packaging IPO is priced at ₹90 per share, with a minimum application lot size of 1,600 shares. Retail investors need to invest at least ₹144,000, while HNIs must invest a minimum of ₹288,000 for 2 lots (3,200 shares). Inventure Merchant Banker Services Pvt Ltd serves as the book-running lead manager for this IPO, with Bigshare Services Pvt Ltd acting as the registrar. The market maker for the Excellent Wires and Packaging IPO is Inventure Growth & Securities, ensuring liquidity in the trading of shares post-listing.
| Excellent Wires and Packaging IPO open date | September 11, 2024 (Wednesday) |
| Excellent Wires and Packaging IPO close date | September 13, 2024 (Friday) |
| Allotment of shares | September 16, 2024 (Monday) |
| Refund initiation | September 17, 2024 (Tuesday) |
| Crediting shares to DEMAT | September 17, 2024 (Tuesday) |
| Excellent Wires and Packaging IPO listing date (tentative) | September 19, 2024 (Thursday) |
| UPI mandate confirmation | September 13, 2024, by 5 PM |
Excellent Wire and Packaging Ltd. began operations in April 2012, initially as a partnership firm named Perfect Wire Industries. The company specialises in manufacturing a diverse range of wires, including Spring Steel Wire, High Carbon Wire, Galvanized Wire (GI Wire), Round and Flat Staple Wires, etc., including those with or without PVC coating, all under the "Excellent" brand name.
In addition to wires, the company also offers packaging products like PP strapping reels and BOPP self-adhesive tapes, which are sourced from the market and sold under the Excellent brand. The company's primary product categories include:
Excellent Wires and Packaging Limited saw a 6% increase in revenue and an impressive 696% rise in profit after tax (PAT) between the financial years ending 2024 and 2023. The market capitalisation of the Excellent Wires and Packaging IPO stands at Rs 47.12 crores. The Excellent Wires and Packaging IPO GMP is presently set at ₹90 per share, reflecting strong market interest and potential value for investors looking for a viable IPO investment.
| Period ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Total assets | 705.08 | 324.69 | 242.63 |
| Revenue | 1,540.82 | 1,448.46 | 728.85 |
| Profit after tax (PAT) | 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
Before looking for upcoming IPOs to invest in, it's vital to know the strengths of investing in a company. Here are some key strengths of the Excellent Wires and Packaging IPO:
Any IPO investment needs to be reviewed properly, keeping the company's weaknesses in mind. Here are some of the weaknesses of the IPO:
The Excellent Wires and Packaging IPO presents an intriguing opportunity for investors, particularly given the company's strong brand presence in the wire and packaging industry. With a diversified product portfolio catering to various sectors and an ISO 9001:2015 certification ensuring quality management, the company is well-positioned for growth.
However, as a relatively new entrant, incorporated in March 2021, the company faces challenges, including a small team and limited operational history. Despite these weaknesses, the IPO could be appealing to those looking to capitalise on the company's potential for geographical expansion and product diversification.
Investing in the Excellent Wires and Packaging IPO offers a unique opportunity to be part of a growing company with a strong brand and diversified product offerings. While the company is still relatively young, its potential for expansion and innovation in the wire and packaging industries is noteworthy. For those exploring upcoming IPOs to invest in, this one could be a strategic addition to your portfolio. Consider exploring Ventura, a trusted platform for IPO investment, to stay ahead in the market.
The subscription period for the Excellent Wires and Packaging IPO begins on September 11, 2024, and will conclude on September 13, 2024.
The lot size for the Excellent Wires and Packaging IPO is set at 1,600 shares, with a minimum investment requirement of ₹144,000.
The allotment of shares for the Excellent Wires and Packaging IPO is expected to be finalised on Monday, September 16, 2024, with shares credited to your demat account by Tuesday, September 17, 2024.
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