This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Strengths & Weaknesses of Excellent Wires and Packaging Limited
Customer relationship
The company's promoters have established strong ties with customers, suppliers, and industry stakeholders, enhancing business development. These relationships offer better access to resources and opportunities, supporting long-term customer loyalty and improved retention
Diversified product portfolio
The company has diversified its product range to meet various customer needs. Brass wires serve the packaging and fastener industries, while steel wires are used in lifting and construction. This diversification helps reduce risks from demand fluctuations in specific markets
Raw material expenses
Raw material costs make up a significant portion of the company's expenses. The volatility in raw material prices can adversely impact the business, financial condition, results of operations, and cash flows
Dependent on few vendors
A substantial portion of the company's raw material purchases depends on a limited number of vendors. In FY24, purchases from the top 10 vendors accounted for 75.01%. The company does not have supply agreements with most of these suppliers, so losing a significant vendor could materially impact its financial results.
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Cash Flow
The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Excellent Wires and Packaging Limited
Excellent Wires and Packaging Ltd. was incorporated on March 16, 2021. The company manufactures a range of wires, including spring steel wire, high carbon wire, and galvanized wire (GI Wire) etc. It also sells packaging products such as PP Strapping Rolls and BOPP Self-Adhesive Tapes, which are sourced from the market and sold under the brand name "Excellent".
Promoter
Bhavya Vasant Shah
Promoter
Rachit Paresh Masalia
Promoter
Darshil Hasmukh Shah
Excellent Wires and Packaging Limited IPO FAQs
What is Excellent Wires and Packaging Limited IPO?
Excellent Wires and Packaging Limited IPO refers to the initial public offering of shares by Excellent Wires and Packaging Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of Excellent Wires and Packaging Limited IPO?
For Excellent Wires and Packaging Limited IPO the issue size is ₹13 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the Excellent Wires and Packaging Limited IPO?
For Excellent Wires and Packaging Limited IPO the minimum investment is ₹1,44,000. The minimum investment for Excellent Wires and Packaging Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of Excellent Wires and Packaging Limited IPO?
For Excellent Wires and Packaging Limited IPO the lot size is 1600 shares. The lot size of Excellent Wires and Packaging Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for Excellent Wires and Packaging Limited IPO on Share.Market?
To apply for Excellent Wires and Packaging Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Excellent Wires and Packaging Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for Excellent Wires and Packaging Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Excellent Wires and Packaging Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of Excellent Wires and Packaging Limited IPO?
For Excellent Wires and Packaging Limited IPO the allotment date is September 17, 2024. The allotment date of Excellent Wires and Packaging Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of Excellent Wires and Packaging Limited IPO?
For Excellent Wires and Packaging Limited IPO, the subscription opens on September 11, 2024 and closes on September 13, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
