Plaza Wires IPO

Plaza Wires IPO

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 namePlaza Wires Limited
Company Website

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 date29 September 2023
IPO Closing04 October 2023
Basis of Allotment09 October 2023
Initiation Refund10 October 2023
Credit to Demat Account11 October 2023
Listing Date12 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on October 4, 2023)

Plaza Wires IPO details

Issue typeBook Built Issue IPO
IPO issue size₹71.28 Cr – 13,200,158 shares
Fresh Issue₹71.28 Cr – 13,200,158 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹51 to ₹54 per share
Lot size277 Shares
Shareholding pre-issue30,551,920
Shareholding post-issue43,752,078
Listing ExchangeBSE & NSE

Plaza Wires IPO Lot Size

Retail (Min)1277₹14,958
Retail (Max)133601₹194,454
S-HNI (Min)143,878₹209,412
S-HNI (Max)6618,282₹987,228
B-HNI (Min)6718,559₹1,002,186

Plaza Wires IPO Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

Plaza Wires Financial Performance

 FY 2020FY 2021FY 2022FY 2023
Net income40.0042.7060.3575.63
Margin (%)2.512.933.414.14
(Amount in ₹ Crores )

Plaza Wires Valuations & Margins

FY 2020FY 2021FY 2022FY 2023
PE ratio20.73 – 21.95
RONW (%)11.3710.7513.0814.16
ROCE (%)13121416
EBITDA (%)6.807.477.468.60

Plaza Wires Promoters

  • Mr. Sanjay Gupta
  • Mrs. Sonia Gupta

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding69.83%

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

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

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

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