Excellent Wires and Packaging lists at 5% discount to IPO price on NSE SME
Thu, Sep 19, 2024 10:13 AM

Excellent Wires and Packaging lists at 5% discount to IPO price on NSE SME

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Excellent Wires and Packaging shares debut at a 5.56% discount, listing at Rs 85 on the NSE SME platform, in line with grey market estimates. The Rs 12.60-crore IPO was subscribed 20 times, with retail investors being the most active. The company plans to use the proceeds to fund land acquisition, plant and machinery purchases, and working capital requirements.

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