Issue Price
₹90
per equity share
Issue Size
14 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1600
equity share
Please note
Listing at NSE
Excellent Wires and Packaging Limited
Important Dates
IPO Open Date
11 Sep 2024
IPO Close Date
13 Sep 2024
Allotment Date
16 Sep 2024
Initiation of Refunds
17 Sep 2024
Credit of Shares to Demat Account
17 Sep 2024
IPO Listing Date
19 Sep 2024
UPI Mandate Expiry Date
13 Sep 2024
IPO Details
Excellent Wires and Packaging is open for subscription from Wednesday, September 11, 2024, and closes on Friday, September 13, 2024. The price for this IPO is set at Rs 90 per share. Excellent Wires and Packaging' IPO is offering entirely a fresh issue of 14 lakh equity shares worth up to Rs 12.60 crore. The allotment for this new IPO is expected to be finalised on Monday, September 16, 2024. Whereas a listing of this IPO will be done on Thursday, September 19, 2024, at the NSE SME segment. The minimum and maximum lot size set for the retail category is 1 lot, i.e., 1,600 shares. For retail investors, the minimum and maximum investment amount required is Rs 144,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 3,200 shares amounting to Rs 288,000. The IPO is managed by Inventure Merchant Banker Services Private Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.
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Check Allotment StatusAbout Excellent Wires and Packaging Limited
Excellent Wires and Packaging Limited came into existence in March 2021 and manufactured various wires and wire ropes under its brand name "Excellent." Their products range from spring steel wire, high carbon wire, galvanized wire commonly known as GI wire, to many more.
The products of the company broadly fall into three groups: Brass Wires & Products, Steel Wires & Products, and various Packaging Products. The products cater to industries including Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables.
The company is ISO 9001:2015 accredited, meaning that the Company adheres to the highest standards of quality management. As at July 2024, the total number of employees working at Excellent Wires and Packaging Limited is 18 employees across all departments.
Parent Organisation
-
Founded
2021
Managing Director
Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah
IPO Objectives
The company intends to utilise the funding received from the fresh issue for several purposes, these include the acquisition of land and construction of a building, the acquisition of plant and machinery, funding additional working capital requirements, and for general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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