Excellent Wires & Packaging IPO: Review, Valuation, Date & GMP

Excellent Wires and Packaging IPO-Complete Overview

Excellent Wires and Packaging IPO an SME IPO is a fixed price issue of Rs.12.60 crore by Excellent Wires and Packaging Ltd. which was founded in March 2021. It produces a variety of wires and wire ropes under the "Excellent" brand, including spring steel wire, high carbon wire, galvanized wire (GI wire), and others for use in various applications.

The following categories apply to the products of the company:

• Brass Products & Wires

• Steel Products & Wires

• Additional Products, such as packaging products.

Products from the company are sold to a variety of industries, including engineering, packaging, stationery, fake jewelry, wires and cables, etc.

The organization has been granted the ISO 9001:2015 Certification, a globally acknowledged benchmark for guaranteeing efficient quality control.

This new SME IPO  is to be launched on 11 September 2024, and its ‘initial public offering’ will end on 13 September 2024.

 

Excellent Wires and Packaging IPO Overview

The Rs.12.60 crore Excellent Wires and Packaging Ltd. IPO consists of an entirely fresh issue of 14 lac Shares.

This SME IPO date is from September 11-September 13, 2024. The expected IPO listing date is Thursday, September 19, 2024, on NSE and SME. Excellent Wires and Packaging IPO price band is Rs.90 for each Share.

If You want to apply for the IPO, Click Here to Open a Demat Account..

Company Financial

The company’s revenue grew by 6% and PAT increased by 696% for FYs between 31 March 2024 and 31 March 2023.Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

• The total assets of the company are Rs.705.08 lac.

• The total revenue of the company is Rs.1,540.82 lac.

• The company’s PAT is Rs.82.98 lac.

• The net worth of the company is Rs.397.09 lac.

• The company’s EBITDA is Rs.146.14 lac.

(Amount in lac)

 

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Segment-wise Revenue Breakdown of Sales During The Last Three Fiscals 

(Amount in lac)

 

Product-wise Revenue Breakdown During The Last Three Fiscals 

(Amount in lac)

 

Geography-wise Revenue Breakdown During The Last Three Fiscals 

(Amount in lac)

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Purchasing land and starting building construction

• Purchasing equipment and plants

• Paying for extra working capital needs

• General corporate purposes.

 

Peers of Excellent Wires and Packaging Ltd. 

Evaluation

Excellent wires and packaging private limited share price is Rs.90 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.3.32 from the last year, the resulting P/E ratio is 27.11x.

Considering the weighted EPS of Rs.1.85 for the last three years, the P/E ratio is 48.78x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 54.65x.

IPO's Strengths 

• Seasoned promoter and management group with substantial sector knowledge

• Solid customer ties and an established reputation

• A varied range of products

• Ongoing operational improvement 

 

IPO’s Weaknesses

• Operates in a highly competitive industry. It could harm its revenues, profitability, or market share if it can't compete effectively.

• Palghar, Maharashtra, is the single location of the production facility. Its business and operational outcomes could be negatively impacted by any interruption of service or shutdown of any of its facilities in this region.

• Due to the labor-intensive nature of the wire product manufacturing industry, it may experience labor disruptions as well as other scheduled and unplanned work stoppages that could interfere with or momentarily impair business operations.

• Its business could be impacted if any of its big machinery or plants break down, or if neglects to maintain or repair them.

• The company had a negative cash flow from its financing and investing activities in the past FYs, and sustained negative cash flow could impact its growth and business.

Excellent Wires and Packaging IPO GMP Today

Excellent Wires and Packaging IPO GMP is Rs.0 as of 09 September 2024.

 

 

IPO Timetable (Tentative)

The Excellent Wires and Packaging ltd IPO launch date is September 11 and the close date is September 13, 2024. Excellent wires and packaging ltd IPO allotment is on September 16, refund initiation on September 17, and listing on September 19, 2024.

 

Excellent Wires and Packaging IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 11, 2024, close on September 13, 2024, and offer a total issue size of 14,00,000 Shares (aggregating up to Rs.12.60 Cr.).

Excellent Wires and Packaging IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,44,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,88,000.

 

Promoters And Management of Excellent Wires and Packaging Ltd.

• Bhavya Vasant Shah

• Rachit Paresh Masalia

• Darshil Hasmukh Shah

IPO Lead Managers

• Inventure Merchant Banker Services Pvt Ltd.

 

Dividend Policy

The company has not paid dividends in the last three years.

 

Conclusion

The company has experienced negative cash flow in financing and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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