Plaza Wires IPO Date, Price, Subscription, Allotment, Listing Details
Plaza Wires Limited, Incorporated in 2006, specializes in the manufacturing and sale of wires, LT aluminum cables, and fast-moving electrical goods (FMEG) under its prominent brand “PLAZA CABLES,” along with house brands like “Action Wires” and “PCG.”
Originally known as Navratna Wires, Plaza Wires offers a range of products in the wires and cables segment, including house wires, single and multicore round flexible industrial cables, and industrial cables designed for submersible pumps and motors up to 1.1kv grade. Additionally, the company supplies various other wire and cable products like LT power control cables, TV dish antenna co-axial cables, telephone and switchboard industrial cables, computer and LAN networking cables, closed-circuit television cables, solar cables, PVC insulated tape, and PVC conduit pipes and accessories through third-party manufacturers.
Plaza Wires places a strong emphasis on after-sales service for electric fans and has established partnerships with over 20 service centers across regions such as Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu. In 2021, the company expanded its product portfolio by introducing miniature circuit breakers and distribution boards (DB) in both northern and southern Indian markets.
As of March 31, 2023, Plaza Wires boasts a network of more than 1249 authorized dealers and distributors. It operates three branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, along with one branch office and warehouse in Maharashtra. Furthermore, the company maintains four warehouses across Uttar Pradesh, Assam, Kerala, and Delhi, along with a C&F agent in Punjab.
Objects of the Issue (Plaza Wires IPO Objectives)
The company plans to allocate the net proceeds from the issue for the following purposes:
- Financing the capital expenditure required to establish a new manufacturing unit. This unit will focus on producing house wires, fire-resistant wires and cables, aluminum cables, and solar cables, thereby facilitating an expansion of the product range.
- Meeting the working capital requirements of the company.
- Addressing general corporate needs.
Plaza Wires Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Plaza Wires IPO Details
The Plaza Wires IPO is a book-built offering, raising ₹71.28 crores. The entire issue comprises a fresh allotment of 1.32 crore shares.
| IPO Date | September 29, 2023 to October 4, 2023 |
| Listing Date | October 12, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 277 Shares |
| Total Issue Size | 13,200,158 shares (aggregating up to ₹71.28 Cr) |
| Fresh Issue | 13,200,158 shares (aggregating up to ₹71.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 30,551,920 |
| Share holding post issue | 43,752,078 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Plaza Wires IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Plaza Wires IPO Lot Size
Investors have the option to bid for a minimum of 277 shares and in multiples thereof. The table below illustrates the minimum and maximum investment amounts for both retail investors and HNIs in terms of shares and monetary value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3601 | ₹194,454 |
| S-HNI (Min) | 14 | 3,878 | ₹209,412 |
| S-HNI (Max) | 66 | 18,282 | ₹987,228 |
| B-HNI (Min) | 67 | 18,559 | ₹1,002,186 |
Plaza Wires IPO Dates
Plaza Wires IPO opens on September 29, 2023, and closes on October 4, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Wednesday, October 4, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Wednesday, October 11, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2023 |
Plaza Wires Limited Financial Report
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 99.28 | 104.17 | 112.10 |
| Revenue | 145.60 | 176.94 | 182.60 |
| Profit After Tax | 4.24 | 5.95 | 7.51 |
| Net Worth | 39.48 | 45.52 | 53.08 |
| Reserves and Surplus | 35.66 | 14.96 | 22.53 |
| Total Borrowing | 43.30 | 40.09 | 39.68 |
Key Performance Indicator of Plaza Wires Ltd
The market capitalization of Plaza Wires IPO stands at Rs 236.26 crore, with a Price-to-Earnings (P/E) ratio of 21.95.
| KPI | Values |
|---|---|
| P/E (x) | 21.95 |
| Market Cap (₹ Cr.) | 236.26 |
| ROE | 14.15% |
| ROCE | 15.57% |
| Debt/Equity | 0.75 |
| EPS (Rs) | 2.46 |
| RoNW | 14.16% |
Plaza Wires IPO Promoter Holding
Mr. Sanjay Gupta and Mrs. Sonia Gupta are the company’s promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.83% |
Plaza Wires IPO Contact Details
Plaza Wires Limited
A-74 Okhla Industrial Area,
Phase-2 New Delhi
South Delhi – 110020
Phone: 011-66369696
Email: compliance@plazawires.in
Website: https://www.plazawires.in/
Plaza Wires IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Plaza Wires IPO FAQs
What is Plaza Wires IPO?
The Plaza Wires IPO is a main-board IPO comprising 13,200,158 equity shares with a face value of ₹10 each, aggregating up to ₹71.28 Crores. The issue price ranges from ₹51 to ₹54 per share. The minimum order quantity is 277 Shares. The IPO subscription period starts on September 29, 2023, and concludes on October 4, 2023. Kfin Technologies Limited is the registrar for the IPO. These shares are proposed to be listed on BSE and NSE.
How to apply for Plaza Wires IPO through Zerodha?
Zerodha customers can apply for the Plaza Wires IPO online using UPI as a payment gateway. To apply via Zerodha, log in to the Zerodha Console (back office), and complete the IPO application form.
Steps to apply for Plaza Wires IPO through Zerodha:
1. Visit the Zerodha website and access the Console.
2. Navigate to the Portfolio section and select the IPOs link.
3. Locate the ‘Plaza Wires IPO’ row and click on the ‘Bid’ button.
4. Input your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Proceed to your UPI App (net banking or BHIM) to authorize the mandate.
When does the Plaza Wires IPO open?
The Plaza Wires IPO opens on September 29, 2023, and the closing date is October 4, 2023.
What is the lot size for Plaza Wires IPO?
The lot size for Plaza Wires IPO is 277 Shares, requiring a minimum investment of ₹14,958.
How to apply for Plaza Wires IPO?
You can apply for Plaza Wires IPO online using either UPI or ASBA as your payment method. ASBA IPO application is available within the net banking interface of your bank account. UPI IPO application is provided by brokers who do not offer banking services. For more details, read about how to apply for an IPO online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will Plaza Wires IPO allotment take place?
The finalization of the Basis of Allotment for Plaza Wires IPO will occur on Monday, October 9, 2023. The allotted shares will be credited to your demat account by Wednesday, October 11, 2023. You can check the Plaza Wires IPO allotment status.
When is the Plaza Wires IPO listing date?
The Plaza Wires IPO listing date has not been announced yet. The tentative date for the Plaza Wires IPO listing is Thursday, October 12, 2023.
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