Excellent Wires & Packaging Ltd. has announced public offering of 1400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 80.00 per share. The gross proceeds of the issue are expected to be Rs 1,260.00 lakhs.
The company's initial public offer (IPO) will open on 11 September 2024 and is expected to close on 13 September 2024, subject to customary closing conditions.
The IPO includes a fresh Issue of 1400000 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Excellent Wires & Packaging Ltd. anticipates using the proceeds of the issue for .
Inventure Merchant Banker Services Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.