Plaza Wires IPO Dates, Price, Review, Fundamentals

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.

Plaza Wires IPO

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.

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