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Excellent Wires and IPO
Price Band
₹
Issue Size
₹12.6 Cr
Lot Size
1,600 shares
Min Investment
₹144,000
GMP
—
Issue Price
₹90.0
Excellent Wires and IPO AI Summary
- Excellent Wires and IPO is listed on NSE SME in the Iron & Steel Products sector.
- Subscription window: 11 Sep–13 Sep 2024, listing on 19 Sep 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Excellent Wires and IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 13 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Excellent Wires and IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 7.05 | 3.25 | 2.43 |
| Total Income | 15.41 | 14.48 | 7.29 |
| Profit After Tax | 0.83 | 0.10 | 0.05 |
| NET Worth | 3.97 | 0.17 | 0.07 |
| Reserves and Surplus | 3.62 | 0.15 | 0.05 |
Key Ratios
EPS
₹2.70
NAV
₹15.90
RoNW
20.90%
P/B Value
5.66
P/E Ratio
33.3
Market Cap
₹40.23 Cr
PAT Margin
148.39%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Rajratan Global Wire Ltd. | 69.35 | 15.87% | 54.37 | 11 | 11 |
| Kei Industries Ltd. | 348.88 | 18.46% | 72.98 | 64.41 | 64.41 |
| Bedmutha Industries Ltd. | 37.38 | 16.34% | 36.59 | 6.28 | 6.28 |
| Excellent Wires and Packaging Limited This IPO | 15.9 | 20.9% | 27.11 | 3.32 | 3.32 |
Promoters
Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Acquisition of Land and construction of Building 5.78 2 Acquisition of Plant & Machineries 2.00 3 Funding additional working capital requirements 1.50 4 General Corporate Purposes 2.32
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹7.29 Cr in the year ended 31 Mar 2022, rising to ₹14.48 Cr by 31 Mar 2023, and further increasing to ₹15.41 Cr in the year ended 31 Mar 2024.
Profit Trend
Profit After Tax was ₹0.05 Cr in the year ended 31 Mar 2022, growing to ₹0.10 Cr by 31 Mar 2023, and further increasing to ₹0.83 Cr in the year ended 31 Mar 2024.
Valuation
Priced at roughly 27.11 times trailing earnings, versus peers trading at a P/E range of 36.59 to 72.98.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the demand for an IPO before it lists on the stock exchange. It reflects the price at which shares are being traded in the grey market, which can give investors an idea of potential listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It is important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable investments with lower risk may want to avoid this IPO, as it operates in a sector that can be subject to fluctuations in demand and pricing.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares of an IPO start trading on the stock exchange at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Excellent Wires and's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Excellent Wires and IPO open and close?
Excellent Wires and IPO opens on 11 September 2024 and closes on 13 September 2024.
When does Excellent Wires and IPO list on the stock exchange?
Excellent Wires and IPO listed on 19 September 2024 at ₹90.0.
What is the lot size for Excellent Wires and IPO?
The lot size for Excellent Wires and IPO is 1600 shares, requiring a minimum investment of ₹144,000.
What is the issue price of the IPO?
The issue price is ₹90.0.
What is the minimum investment required?
The minimum investment required is ₹144,000.
What is the lot size for this IPO?
The lot size is 1600 shares.
When is the listing date?
The listing date is 19 September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Sep 2024
Close
13 Sep 2024
Allotment
16 Sep 2024
Listing
19 Sep 2024
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