Excellent Wires and Packaging Limited IPO GMP

EXCELLENT WIRES & PACKAGING LTD. is a distinguished manufacturer renowned for its extensive range of high-quality wire products and packaging solutions. Their product portfolio includes an array of wires, such as Mild Steel Wires (including Annealed, H.B., and H.H.B. variants), Spring Steel Wires, Galvanized Wires (GI Wires), Round Stitching Wires, Spiral Binding Wires, Stainless Steel Wire, Brass Wires, Copper Wires, and Wire Ropes crafted from premium-grade high carbon or stainless steel wire, optionally coated with PVC for enhanced durability and versatility across multiple applications.

Excellent Wires and Packaging, an Fixed Price Issue amounting to ₹12.6 Crores, consisting entirely an Fresh Issue of 14.00 Lakh Shares. The subscription period for the Excellent Wires and Packaging IPO opens on September 11, 2024, and closes on September 13, 2024. The allotment is expected to be finalized on or about September 17, 2024; Tuesday, and the shares will be listed on the NSE SME with a tentative listing date set on or about September 19, 2024; Thursday.

The Share price of Excellent Wires and Packaging IPO is set at ₹90 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹144,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹288,000.

Inventure Merchant Banker Services Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar for the Issue. Inventure Growth & Securities Limited is the sole Market Marker for the Excellent Wires and Packaging IPO.

Excellent Wires and Packaging Limited IPO GMP Today
The Grey Market Premium of Excellent Wires and Packaging Limited IPO is expected in the range of ₹5 to ₹10 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Excellent Wires and Packaging Limited IPO Live Subscription Status Today
As of 03:37 PM on 12 September 2024, the Excellent Wires and Packaging Limited IPO live subscription status shows that the IPO subscribed 2.64 times on its Second day of subscription period. Check the Excellent Wires and Packaging Limited IPO Live Subscription Status Today at NSE.

Excellent Wires and Packaging Limited IPO Allotment Status
Excellent Wires and Packaging IPO allotment date is 17 September, 2024, Tuesday. Excellent Wires and Packaging IPO Allotment will be out on 17th August 2024 and will be live on Registrar Website from the allotment date. Check Excellent Wires and Packaging Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Excellent Wires and Packaging Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Excellent Wires and Packaging Limited IPO
Excellent Wires and Packaging Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹578.18 Lakhs is required for Acquisition of Land and construction of Building 
2. ₹200.00 Lakhs is required for Acquisition of Plant & Machineries 
3. ₹150.00 Lakhs is required for Funding additional Working capital; and 
4. ₹231.82 Lakhs is required for General Corporate Purposes

Refer to Excellent Wire and Packaging Limited RHP for more details about the Company.