Excellent Wires IPO is scheduled between Wednesday, September 11 to Friday, September 13, 2024. The IPO is a fixed price issue of Rs. 12.60 crores. The issue is entirely a fresh issue of 14 lakh shares.
Excellent Wires IPO price band fixed at Rs. 90 per equity shares with a face value of Rs.10 per equity shares. The minimum order quantity of the issue is 1600 equity shares. The minimum amount required for retail investor is Rs. 1,44,000.
The allotment for the Excellent Wires IPO is expected to finalized on Tuesday, September 17. Excellent Wires IPO will list on and NSE SME with tempting date fixed as Thursday, September 19, 2024.
Inventure Merchant Banker Services Private Limited is book running lead manager of the issue. HDFC Bank Limited is sponsor bank of the IPO. Bigshare Services Private Limited is registrar of the issue.
The Objects of the issue are:-
- Acquisition of Land and construction of Building
- Acquisition of Plant & Machineries
- Funding additional Working capital requirements; and
- General Corporate Purposes
Financials –
Excellent Wire and Packaging’s revenue has increased by 6.33% and profit after tax (PAT) rose up by staggering 695.6% in Financial Year 2024, as compared to FY2023.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 397.09 | 17.11 | 6.68 |
| Revenue | 1,540.82 | 1,448.46 | 728.85 |
| PAT | 82.98 | 10.43 | 4.73 |
| PAT Margin | 5.39% | 0.72% | 0.65% |
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