Plaza Wires IPO will open for subscription from 29 September 2023. The company aims for an issue size of ₹71.28 Cr through this IPO.
Company Overview
| Full name | Plaza Wires Limited |
| Sector | Electricals |
| Industry | Cables |
| Company Website | http://www.plazawires.in/ |
About Company
Plaza Wires is among the cable wire business leaders, especially in Northern India. The company’s products primarily include Plaza Cables, Action Cables, Plaza Fans, and Immersion Heater and iron. From Wires and cables to Ceiling and wall Fans, pedestals, tables, and exhaust fans, Plaza Wires has a wide range of portfolio. The entity is dedicated to offering the best wires and cables for various needs, manufactured out of quality material and accessible to all types of consumers. It offers its products under its signature brands “PLAZA CABLES,” “ACTION WIRES,” and “PCG.”
In 2016 and onwards, it entered into arrangements with third-party manufacturers and launched FMEG products such as electric fans, and water heaters. As part of after-sales service for electric fans, it has tie-ups with 20+ service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, And Tamil Nadu. In 2021, Plaza Wires expanded its product portfolio by launching miniature circuit breakers and distribution boards (DB) in the north and south India region.
The Objectives of the Issue
- Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio.
- Funding the working capital requirements of the company.
- General corporate purposes.
Plaza Wires IPO Timetable
| IPO Opening date | 29 September 2023 |
| IPO Closing | 04 October 2023 |
| Basis of Allotment | 09 October 2023 |
| Initiation Refund | 10 October 2023 |
| Credit to Demat Account | 11 October 2023 |
| Listing Date | 12 October 2023 |
Plaza Wires IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹71.28 Cr – 13,200,158 shares |
| Fresh Issue | ₹71.28 Cr – 13,200,158 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot size | 277 Shares |
| Shareholding pre-issue | 30,551,920 |
| Shareholding post-issue | 43,752,078 |
| Listing Exchange | BSE & NSE |
Plaza Wires IPO Lot Size
| 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 Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Plaza Wires Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,593.40 | 1,455.95 | 1,769.37 | 1,825.95 |
| Expenses | 1,538.72 | 1,395.00 | 1,683.02 | 1,722.62 |
| Net income | 40.00 | 42.70 | 60.35 | 75.63 |
| Margin (%) | 2.51 | 2.93 | 3.41 | 4.14 |
Plaza Wires Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.31 | 1.39 | 1.95 | 2.46 |
| PE ratio | – | – | – | 20.73 – 21.95 |
| RONW (%) | 11.37 | 10.75 | 13.08 | 14.16 |
| NAV | 11.53 | 12.96 | 14.97 | 17.37 |
| ROCE (%) | 13 | 12 | 14 | 16 |
| EBITDA (%) | 6.80 | 7.47 | 7.46 | 8.60 |
| Debt/Equity | 1.03 | 1.1 | 0.88 | 0.75 |
Plaza Wires Promoters
- Mr. Sanjay Gupta
- Mrs. Sonia Gupta
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.83% |
Plaza Wires IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
Plaza Wires Registrar
Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
E-mail: plazawires.ipo@kfintech.com
Website: www.kfintech.com
Plaza Wires Contact Details
Plaza Wires LIMITED
Unit No. 201 to 203, Landmark, 2nd Floor,
G. M. Bhosale Marg, Worli,
Mumbai 400 018, Maharashtra, India
Phone: +91 22 6271 9040
E-mail: companysecretary@landmarkindia.net
Website: www.grouplandmark.in
Plaza Wires IPO Allotment Status
Plaza Wires IPO allotment will be available on KFin Tech website. Click on this link to get allotment status.
Final thoughts
Plaza Wires IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
