Plaza Wires IPO Overview
You are at right place to check all the details regarding Plaza Wires IPO. The dates for Plaza Wires IPO is announced. The IPO will open on September 29, 2023 and will close on October 05. 2023. The IPO price band is fixed at Rs 51 to Rs 54 Per Share. The company aims to to raise around Rs71.28 crores via this IPO. You can find complete information about Plaza Wires IPO in this post.
The lot size for the application is 277 shares and hence minimum amount that you would need for this IPO (by retail investors) is Rs 14,958.
About Plaza Wires:
Plaza Wires is an ISO 9001:2015 and 14001:2015 certified company engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fastmoving electrical goods (“FMEG”) under their flagship brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG”.
Their key products in the wires and cables segment are building wires also known as house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. For other wires and cable products such as LT power control cable, TV dish antenna co-axial cables, telephone & switch board industrial cable, computer & LAN networking cable, close circuit television cables and solar cables, PVC insulated tape and PVC conduit pipe & accessories.
They have been recognized as amongst the “10 Most Promising Electrical Cable Manufacturers” by the Industrial Outlook Magazine. We were awarded the Time2Leap award in the product category of “Quality Products – Electrical Cables” by Summentor Pro.
Plaza Wires History:
The Company was originally incorporated as ‘Navratna Wires Private Limited’ as a private limited company in 2006 and subsequently was converted to a public limited company and renamed as “Plaza Wires Limited” in 2022.
Objects of the Issue
The Company is raining the funds for the below purpose,
- Funding the capital expenditure towards setting up of a new manufacturing unit for house wires, fire-resistant wires & cables, aluminium cables and solar cables to expand their product portfolio
- Funding the working capital requirements of the Company
- General corporate purposes
Plaza Wires IPO Date & Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 05, 2023 |
| IPO Size: | Approx Rs71.28 Crores |
| Fresh Issue: | Approx 1,32,00,158 shares |
| Face Value: | Rs10 Per Equity Share |
| IPO Price Band: | ₹51 to ₹54 Per Share |
| IPO Lot Size | 277 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 46.94% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Plaza Wires IPO Market Lot
The Plaza Wires IPO minimum market lot is 277 shares with ₹14,958 application amount. The retail investors can apply up-to 13 lots with 3601 shares or ₹1,94,454.
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 277 | ₹14,958 |
| Retail Maximum | 13 | 1365 | ₹191,100 |
| S-HNI Minimum | 14 | 3878 | ₹209,412 |
| B-HNI Minimum | 67 | 18,559 | ₹10,02,186 |
Plaza Wires IPO Allotment & Listing Dates
The Plaza Wires IPO date is September 29 and the close date is October 5. The Plaza Wires IPO allotment will be finalized on October 10 and the IPO listing on October 13.
| Anchor Investors Allotment: | September 27, 2023 |
| IPO Open Date: | September 29, 2023 |
| IPO Close Date: | October 4, 2023 |
| Basis of Allotment: | October 10, 2023 |
| Refunds: | October 11, 2023 |
| Credit to Demat Account: | October 12, 2023 |
| IPO Listing Date: | October 13, 2023 |
Plaza Wires Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | Rs145.59 | Rs139.50 | Rs4.24 |
| 2022 | Rs176.93 | Rs168.30 | Rs5.95 |
| 2023 | Rs182.59 | Rs172.26 | Rs7.51 |
Plaza Wires IPO Valuation
Below is the financial details of Plaza Wires for the year FY2023.
| Earning Per Share (EPS): | Rs2.46 per Equity Share |
| Price/Earning P/E Ratio: | 20.73 |
| Return on Net Worth (RoNW): | 14.16% |
| Net Asset Value (NAV): | Rs17.37 per Equity Share |
Company Promoters:
- Sanjay Gupta
- Sonia Gupta
Competitor Companies:
- Cords Cable Industries Ltd
- Ultracab (India) Ltd
- V-Marc India Limited
- Dynamic Cables Limited
- Paramount Communications Limited
Plaza Wires IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Plaza Wires IPO Lead Managers
- Pantomath Capital Advisors Pvt Ltd
PlazaWires IPO Allotment Status Check
Allotment status of Plaza Wires IPO can be checked on Kfin Technologies website : Click here
Company Address of Plaza Wires:
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 FAQs
When Plaza Wires IPO will open and close?
The IPO is to open on September 29, 2023 for QIB, NII, and Retail Investors and closes on October 05,2023
What is Plaza Wires IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
What is the Plaza Wires IPO Allotment Date?
Plaza Wires IPO allotment date is October 10, 2023.
What is the Plaza Wires IPO Listing Date?
Plaza Wires IPO listing date is October 13, 2023. The IPO is to list on BSE and NSE.
How to Apply the Plaza Wires IPO through Zerodha?
You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Plaza Wires”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.