Excellent Wires and Packaging Ltd - IPO

Excellent Wires and Packaging Ltd IPO Details

Initial public offering of up to 14,00,000 equity shares of Rs. 10 each (Equity Shares) of Excellent Wires and Packaging Limited (EWPL or the Company) for cash at a price of Rs. 90.00 per equity share (the Offer Price), aggregating to Rs. 12.60 crores (The Offer). Of the offer, 72,000 equity shares aggregating to Rs. 0.65 crores will be reserved for subcription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 13,28,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 90.00 per equity share aggregating to Rs. 11.95 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 31.32% and 29.71%, respectively of the post offer paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the offer price of Rs. 90.00 is 9.00 times of the face value.

Objective of issue

Acquisition of Land and construction of building. Acquisition of Plant and Machinery. Funding additional working capital requirements. General corporate purposes.

Excellent Wires and Packaging Ltd Contact Details

Excellent Wires and Packaging Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@excellentwiresandpackaging.com

Website - www.excellentwiresandpackaging.com