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.

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About Excellent Wires and Packaging Limited

Excellent Wires and Packaging started their business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. Their other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to their customers on as and when need basis. These packaging products are sold under the brand name of Excellent. We supply their products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.

At EXCELLENT WIRES & PACKAGING LTD., they prioritize the production of superior quality products that provide tangible value to our end-users. Their unwavering commitment to quality is evident in every aspect of their operations, from stringent raw material selection to advanced manufacturing processes. They are dedicated to delivering products that not only meet but exceed international standards, and we continuously strive for process improvement to ensure optimal quality and performance.

They are engaged in the sale of following broad categories of products: 
• Brass Wires & Products 
• Steel Wires & Products 
• Other Products viz. Packaging Products

INDIA STEEL INDUSTRY
One of the primary forces behind industrialization has been the use of metals. Steel has traditionally occupied a top spot among metals. Steel production and consumption are frequently seen as measures of a country's economic development because it is both a raw material and an intermediary product. Therefore, it would not be an exaggeration to argue that the steel sector has always been at the forefront of industrial progress and that it is the foundation of any economy. The Indian steel industry is classified into three categories - major producers, main producers and secondary producers.

India is the world’s second-largest producer of crude steel, with an output of 125.32 MT of crude steel and finished steel production of 121.29 MT in FY23. 

India’s steel production is estimated to grow 4-7% to 123-127 MT in FY24. 

The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India's manufacturing output. 

The Indian steel industry is modern, with state-of-the-art steel mills. It has always strived for continuous modernisation of older plants and up-gradation to higher energy efficiency levels.

In the past 10–12 years, India's steel sector has expanded significantly. Production has increased by 75% since 2008, while domestic steel demand has increased by almost 80%. The capacity for producing steel has grown concurrently, and the rise has been largely organic. 

In FY23, the production of crude steel and finished steel stood at 125.32 MT and 121.29 MT respectively. In FY24 (until November 2023), the production of crude steel and finished steel stood at 94.01 MT and 88.81 MT respectively. In FY23, crude and finished steel production stood at 125.32 MT and 121.29 MT respectively. 

In July 2023, crude steel production in India stood at 11.52 MT. In July 2023, finished steel production stood at 10.53 MT. In FY24 (until November 2023), the consumption of finished steel stood at 86.97 MT. 

The per-capita consumption of steel stood at 86.7 kgs in FY23. 

In FY22, the production of crude steel and finished steel stood at 133.596 MT and 120.01 MT, respectively. The consumption of finished steel stood at 105.751 MT in FY22. In FY23, the consumption of finished steel stood at 119.17 MT. In April-July 2022, the production of crude steel and finished steel stood at 40.95 MT and 38.55 MT respectively. 

In FY23, exports and imports of finished steel stood at 6.7 MT and 6.02 MT, respectively. In FY22, India exported 11.14 MT of finished steel. In November 2023 exports of finished steel stood at 2.34 lakh metric tonnes (LMT), while imports stood at 7.82 LMT. In FY24 (until November 2023), the exports and imports of finished steel stood at 4.03 MT and 4.25 MT, respectively. 

The annual production of steel is anticipated to exceed 300 million tonnes by 2030-31. By 2030-31, crude steel production is projected to reach 255 million tonnes at 85% capacity utilisation achieving 230 million tonnes of finished steel production, assuming a 10% yield loss or a 90% conversion ratio for the conversion of raw steel to finished steel. With net exports of 24 million tonnes, consumption is expected to reach 206 million tonnes by the years 2030–1931. As a result, it is anticipated that per-person steel consumption will grow to 160 kg.

The steel industry has emerged as a major focus area given the dependence of a diverse range of sectors on its output as India works to become a manufacturing powerhouse through policy initiatives like Make in India. With the industry accounting for about 2% of the nation's GDP, India ranks as the world's second-largest producer of steel and is poised to overtake China as the world's second-largest consumer of steel. Both the industry and the nation's export manufacturing capacity have the potential to help India regain its favourable steel trade balance. 

The National Steel Policy, 2017 envisage 300 million tonnes of production capacity by 2030-31. The per capita consumption of steel has increased from 57.6 kgs to 74.1 kgs during the last five years. The government has a fixed objective of increasing rural consumption of steel from the current 19.6 kg/per capita to 38 kg/per capita by 2030-31. As per Indian Steel Association (ISA), steel demand will grow by 7.2% in 2019-20 and 2020-21. 

Huge scope for growth is offered by India's comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.

STEEL WIRE INDUSTRY
Established in India in 1920s, the Steel Wire Industry has progressed remarkably and has successfully developed and manufactured various types of high carbon, alloy steel and special steel wires in addition to mild steel wires. The industry has become versatile enough to meet the requirements of numerous consuming sectors. This sophistication has been possible due to continuous and well-planned R & D efforts on part of the manufacturers with patronage of SWMAI. The result has been that the industry is in a position to manufacture and supply steel wires, both in the domestic and the international markets, in accordance with Indian (BIS) and international (ASTM, DIN, JIS, BSS) standards. 

Economic reforms introduced since 1991 aimed at deregulating the productive sectors of the economy and opening the Indian economy to global competition have ushered in far-reaching changes in the growth of the steel wire industry. As a result, the product range of steel wire manufacturers is widening continuously.

Out of the total steel consumed in India wire constitutes only 5%. However, if pace of development picks up the domestic consumption of wires will increase by 2% - 3% to 7% - 8% of the steel consumption. 

In our Country, if we closely look at the wire demand, almost 88% of it is for wires in plain carbon steel grades, 5% would be for Stainless Steel grades and the balance would be for Alloy Steel Wires. 

On further analysis, out of the plain carbon wires almost 75% to 80% of the demand is for black/uncoated wires and the balance 20% to 25% is for wires coated with other base metals e.g. Zinc (Galvanized), Copper, Bronze, and other coating materials.

PAPER AND PACKAGING
Packaging currently stands as the fifth largest sector in the Indian economy, reflecting its pivotal role in driving industrial growth and innovation. With an annual growth rate of 22-25%, the industry has become a preferred hub for packaging solutions, bolstered by advancements in technology and infrastructure. Notably, the industry boasts a robust structural framework, comprising over 900 paper units with an installed capacity of nearly 4,990 thousand tons. Furthermore, India is home to 861 paper mills, with 526 operational units, showcasing the nation's significant capacity for paper and paperboard production. 

The nation's increasing focus on food safety and quality is projected to fuel the food processing sector, which will increase demand for packaging.

*The Indian packaging market was estimated to be worth US$ 50.5 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 26.7% to reach US$ 204.81 billion by 2025. 

*Paper and paperboard exports from India reached an all-time high of Rs. 13,963 crore (US$ 1.79 billion) in FY21-22, an increase of nearly 80%YoY 

The outlook for the paper and packaging industry in India is optimistic, driven by several factors including the country's growing population, increasing urbanization, and rising disposable incomes. The rapid expansion of e-commerce is fuelling demand for packaging materials, while a growing focus on sustainability is prompting the industry to innovate greener solutions. Government initiatives like "Make in India" and infrastructure development projects are expected to boost manufacturing activities and streamline supply chains. 

Technological advancements are enhancing productivity and quality, while rising export potential offers opportunities for market expansion. Despite challenges such as fluctuating raw material prices and competition from alternative materials, strategic investments and a commitment to sustainability can help the industry capitalize on opportunities and strengthen its position in the global market.

ENGINEERING PRODUCTS
The Capital Goods sector contributes to 12% of India’s manufacturing output and 1.8% of GDP. Market valuation of the capital goods industry was US$ 43.2 billion in FY22. 

Imports of Electrical Machinery in India increased to US$ 11.38 billion in FY23. The Indian electrical equipment industry comprises of two broad segments, Generation equipment (boilers, turbines, generators) and Transmission & Distribution (T&D) and allied equipment like transformers, cables, transmission lines, etc. The sector contributes about 8% to the manufacturing sector in terms of value, and 1.5% to overall GDP. Incentives for capacity addition in power generation will further increase the demand for electrical machinery. 

The quick estimates of Index of Industrial Production (IIP) for December 2023 came at 151.5, improving from 144.7 in December 2022. 

The electrical equipment market share in India is expected to increase from US$ 52.98 billion in 2022 to US$ 125 billion by 2027, implying a robust CAGR of 11.68%. The domestic electrical equipment market is expected to grow at an annual rate of 12% to reach US$ 72 billion by 2025. In FY23, India’s heavy electrical equipment production stood at Rs. 2,44,300 crore (US$ 29.38 billion). The electrical machinery segment grew nearly 13% with shipments jumping to US$ 10.19 billion in the April-December 2023 from US$ 9.06 billion in the year-ago period. The Indian textile machinery industry was expected to touch the US$ 6 billion mark by 2022. India’s textile machinery exports declined by 5.09% to US$ 1003.55 million in 2023 compared to the previous year.

INFRASTRUCTURE
In Interim Budget 2024-25, capital investment outlay for infrastructure has been increased by 11.1% to Rs. 11.11 lakh crore (US$ 133.86 billion), which would be 3.4 % of GDP. As per the Interim Budget 2023-24, a capital outlay of Rs. 2.55 lakh crore (US$ 30.72 billion) has been made for the Railways, an increase of 5.8% over the previous year. 

Starting with 6,835 projects, the NIP project count now stands at 9,142 covering 34 sub-sectors, as per news reports. Under the initiative, 2476 projects are under the development phase with an estimated investment of US$ 1.9 trillion. Nearly half of the under-development projects are in the transportation sector, and 3,906 are in the roads and bridges sub-sector.

The Indian Railways expects to complete total revenue of Rs. 2,64,500 crore (US$ 31.81 billion) by the end of 2023-24. India’s logistics market is estimated to be US$ 317.26 billion in 2024 and is expected to reach US$ 484.43 billion by 2029, growing at a CAGR of 8.8%. 

India intends to raise its ranking in the Logistics Performance Index to 25 and bring down the logistics cost from 14% to 8% of GDP, leading to a reduction of approximately 40%, within the next five years.

MANUFACTURING SECTOR
India is the third most sought-after manufacturing destination in the world and has the potential to export goods worth US$ 1 trillion by 2030.

Manufacturing exports have registered their highest ever annual exports of US$ 447.46 billion with 6.03% growth during FY23 surpassing the previous year (FY22) record exports of US$ 422 billion. By 2030, Indian middle class is expected to have the second-largest share in global consumption at 17%. India’s gross value added (GVA) at current prices was estimated at US$ 770.08 billion as per the quarterly estimates of the first quarter of FY24. 

India's GDP surged by 8.4% in the October-December quarter, surpassing expectations. GDP growth was driven by robust performances in the manufacturing and construction sectors, with the manufacturing sector expanding by 11.6% annually and the construction sector growing by 9.5%. 

India has potential to become a global manufacturing hub and by 2030, it can add more than US$ 500 billion annually to the global economy. As per the economic survey reports, estimated employment in manufacturing sector in India was 5.7 crore in 2017-18, 6.12 crore in 2018-19 which was further increased to 6.24 crore in 2019-20. India's display panel market is estimated to grow from ~US$ 7 billion in 2021 to US$ 15 billion in 2025. 
The manufacturing GVA at current prices was estimated at US$ 110.48 billion in the first quarter of FY24.

EXCELLENT WIRES AND PACKAGING LIMITED COMPETITIVE STRENGTHS
1. Experienced Promoter and management team with strong industry expertise
2. Established Reputation and Strong customer relationships
3. Diversified product portfolio
4. Continuous improvement in Operations

EXCELLENT WIRES AND PACKAGING LIMITED STRATEGIES
1. Backward Integration
2. Geographical Expansion
3. Expansion of manufacturing capacity

EXCELLENT WIRES AND PACKAGING LIMITED RISK FACTORS & CONCERNS
1. They propose to utilize a portion of their Net Proceeds towards acquisition of land and construction of building and acquisition of plant and machineries for their proposed manufacturing facility at Wada.
2. Substantial portion of their purchases raw materials has been dependent upon limited number of vendors.
3. The implementation of the project for which proposed issue is planned is at a very preliminary stage.
4. Their manufacturing facility is geographically located in one area, Palghar, Maharashtra and any loss or shutdown of operations at any of their facilities in this area may have an adverse effect on their business and results of operations.
5. Their Company’s business operations are done PAN India specifically from Western India.