Plaza Wires IPO Dates, Price, Review, Fundamentals: The book-built IPO for Plaza Wires is worth Rs 71.28 crores. 1.32 crore shares are being issued in its entirety as a new issuance. The pricing range for Plaza Wires IPO is set at 51 to 54 cents per share. 277 Shares are the bare minimum lot size for an application. Retail investors are obliged to make an investment of at least 14,958. For sNII, the minimum lot size investment is 14 lots (3,878 shares), or 209,412; for bNII, the minimum lot size investment is 67 lots (18,559 shares), or 1,002,186.
The subscription period for Plaza Wires IPO begins on September 29, 2023, and ends on October 4, 2023. On Monday, October 9, 2023, the Plaza Wires IPO’s allotment is anticipated to be completed. The tentative listing date for Plaza Wires’ IPO is set for Thursday, October 12, 2023, on the BSE and NSE.
The Plaza Wires IPO’s book-running lead manager is Pantomath Capital Advisors Pvt Ltd, while the issue’s registrar is Kfin Technologies Limited.
Plaza Wires IPO Overview
| Plaza Wires Limited Company Overview | |
|---|---|
| Company Name | Plaza Wires Limited |
| IPO Opening Date | 27 September, 2023 |
| IPO Closing Date | 05 October, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 51₹ To 54₹ |
| Lot Size | 277 |
| GMP | Check Here |
| Issue Type | Book Built Issue IPO |
| Total IPO Issue Size | 13,200,158 Shares |
| Fresh Issue Size | 13,200,158 Shares |
| IPO Listing At | NSE, BSE |
| Share Holding Pre Issue | 30,551,920 |
| Share Holding Post Issue | 43,752,078 |
| More IPO’s | Check Here |
Plaza Wires IPO Lot Size
| Plaza Wires Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 13 Lots |
| Minimum S-HNI Applications | 14 Lots |
| Maximum S-HNI Applications | 66 Lots |
| Minimum B-HNI Applications | 67 Lots |
| Total Shares In Single Lot | 277 Shares |
| Amount For Single Lot | ₹14,958 |
Plaza Wires IPO Time Table (Tentative)
| Plaza Wires Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 29 September, 2023 |
| IPO Ending Date | 05 October, 2023 |
| Basis Of Allotment | 09 October, 2023 |
| Initiation Of Refund | 10 October, 2023 |
| Shares Credit To Demat Account | 11 October, 2023 |
| Date Of Listing | 12 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 05 October, 2023 |
Plaza Wires IPO Reservation Details
| Plaza Wires Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not Less Than 10% Of Net Offer |
| Shares Offered To HNI | Not Less Than 15% Of Net Offer |
| Shares Offered To QIB | Not More Than 75% Of Net Offer |
Plaza Wires Company Financials
| Plaza Wires Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 182.60 Cr |
| Assets | 112.10 Cr |
| Profit After Tax | 7.51 Cr |
| Net Worth | 53.08 Cr |
| Reserves And Surplus | 22.53 Cr |
| Debt | 39.68 Cr |
Plaza Wires Promoters Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.83% |
Plaza Wires Key Performance Indicators
| Plaza Wires Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| Market Capitalization (In Cr.) | 236.26 |
| P/E (X) | 21.95 |
| EPS | 2.46 |
| ROE | 14.15% |
| ROCE | 15.57% |
| RoNW | 14.16% |
What Is The Objective Of Plaza Wires IPO Issue?
Main Objectives for Plaza Wires IPO are :-
- Financing the capital outlay for establishing a new production facility to produce house wires, fire-resistant wires and cables, aluminum cables, and solar cables to broaden the product line.
- Financing the business’s need for working capital.
- Overall corporate objectives.
How To Apply For Plaza Wires IPO?
- Visit the website of your trader and log in there.
- Click the IPOs link under Portfolio.
- Click the ‘Bid’ button in the ‘Plaza Wires IPO’ row.
- Enter the Price, Quantity, and UPI ID.
- “Submit” your IPO application.
- To authorize the mandate, log into the UPI App (or BHIM or online banking).
Is Plaza Wires IPO Good Or Bad To Buy?
Plaza Wires Limited, a 2006 incorporation, manufactures and sells wires as well as sells and markets LT aluminum cables and fast-moving electrical goods (FMEG) under the “PLAZA CABLES” and “Action Wires” and “PCG” household brands.
The company has partnered with more than 20 service facilities in Uttar Pradesh, Uttarakhand, Jammu & Kashmir, Punjab, Haryana, and Tamil Nadu as part of the after-sales support for electric fans. By introducing micro circuit breakers and distribution boards (DB) in the north and south of India in 2021, Plaza Wires increased the range of products it offered.
As of March 31, 2023, the company had 1249 authorized dealers and distributors, 3 branch offices (one each in Rajasthan, Uttarakhand, and Uttar Pradesh), 1 branch office cum godown (in Maharashtra), 4 warehouses (one each in Uttar Pradesh, Assam, Kerala, and Delhi), and 1 C&F agent (in Punjab).
Navratna Wires, Plaza Wires’ predecessor, was incorporated first. House wires, single & multicore round flexible industrial cables, and industrial cables for submersible pumps & motors up to 1.1kv grade are some of its important goods in the wires and cables category. The company also sells other wires and cable products, such as PVC insulated tape, PVC conduit pipe & accessories, LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, and solar cables, through independent manufacturers.