The allotment for the Excellent Wires IPO is expected to be finalized on 16th September 2024. Investors can check the allotment status on Bigshare Services Pvt. Ltd or the NSE website. The IPO saw a significant subscription rate, with the issue being oversubscribed by 20.37 times.
In this blog post, we will cover the details related to the Excellent Wires IPO allotment status, important dates, how to check the allotment, and the company background.
Excellent Wires IPO Allotment Date & Links
Here are the key dates related to the Excellent Wires IPO:
| Event | Date |
|---|---|
| IPO Open Date | September 11, 2024 |
| IPO Close Date | September 13, 2024 |
| Basis of Allotment Finalized | September 16, 2024 |
| Refunds Initiated | September 17, 2024 |
| Credit to Demat Account | September 17, 2024 |
| Listing Date | September 19, 2024 |
You can check the Excellent Wires IPO allotment status using these links:
- Bigshare IPO Allotment Page: Check Here
- NSE Website: Check Allotment
How to Check Excellent Wires IPO Allotment Status?
Step 1: Bigshare Services Website
To check your allotment status on Bigshare Services Pvt. Ltd, follow these steps:
- Log on to the Bigshare Services IPO allotment page.
- Select the IPO name ‘Excellent Wires’ from the drop-down menu.
- Enter your PAN number, Application Number, or DP ID.
- Click on the ‘Search’ button to view your allotment status.
Step 2: Check Allotment in Demat Account
Another way to check the status is by verifying it directly in your Demat Account:
- Log into your Demat Account via your stockbroker platform.
- Navigate to the Portfolio section.
- Check if the shares have been credited.
Step 3: Check Allotment in Your Bank Account
Lastly, you can check your bank account for refunds or IPO allotment credits:
- Log into your bank account.
- Check the transaction history for any debits/credits related to the Excellent Wires IPO.
- If shares are allotted, you will see a debit in your bank account.
Excellent Wires IPO Subscription Status
The Excellent Wires IPO received a strong response from investors. Below is a breakdown of the subscription status:
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.27 | 0.78 | 8.75 |
| RII | 2.13 | 6.12 | 32.00 |
| Total Subscription | 1.20 | 3.45 | 20.37 |
The retail category (RII) was highly oversubscribed at 32.00 times.
About Excellent Wires and Packaging
Excellent Wires and Packaging is a well-known manufacturer of various types of wires. Their product portfolio includes:
- Spring Steel Wire
- High Carbon Wire
- Galvanized Wire (GI Wire)
- Round and Flat Stitching Wire
- Mild Steel Wire
- Brass Wire
- Copper Wire
They cater to multiple industries, including Packaging, Engineering, Stationery, and Imitation Jewelry.
Company Financials
Here’s a summary of their financial performance:
| Year | Revenue (₹ Crores) | Profit After Tax (₹ Crores) |
|---|---|---|
| 2022 | 7.29 | 0.05 |
| 2023 | 14.48 | 0.10 |
| 2024 | 15.41 | 0.81 |
The company has shown steady growth in revenue over the years, reflecting positive business performance.
Excellent Wires IPO Market Lot
The market lot size for the Excellent Wires IPO is set at 1600 shares. Here’s the breakdown:
| Lot Size | Shares | Amount |
|---|---|---|
| Retail Minimum | 1600 | ₹144,000 |
| HNI Minimum | 3200 | ₹288,000 |
Frequently Asked Questions (FAQs)
1. What is the Excellent Wires IPO allotment date?
The Excellent Wires IPO allotment is scheduled to be finalized on 16th September 2024.
2. How can I check the Excellent Wires IPO allotment?
You can check the allotment status via the Bigshare Services IPO Allotment Page or the NSE website.
3. When will Excellent Wires IPO shares be credited to my Demat account?
The shares will be credited to your Demat account on 17th September 2024.
4. What is the listing date of Excellent Wires IPO?
The Excellent Wires IPO will be listed on 19th September 2024 on the NSE.
5. What is the price band of the Excellent Wires IPO?
The price band is set at ₹90 per share.
Links for Further Reading
To stay updated on the latest IPO allotment statuses and upcoming IPOs, check out these pages:
- IPO Subscription Status
- IPO Grey Market Premium
- Upcoming IPOs
- IPO Listing Dates
- IPO Forms and Application Guide
- IPO Allotment Tips
For more information on IPO allotments, you can also check Bigshare Services Pvt. Ltd..
By following the steps outlined above, investors can seamlessly check their Excellent Wires IPO allotment status and track the entire process leading to the listing day.
Make sure to bookmark IPO Gray Market for all the latest updates on IPO subscriptions, allotments, and listing information.
