Plaza Wires Limited IPO

Mainboard

Cables - Electricals

Listed On: Oct 12, 2023 at ₹ 76.0(NSE)

₹ 14958 /277 Shares

Check Allotment

Price Summary

Last Closing

85.25 (57.87%)

52 Week High

173.50

52 Week Low

74.90

Last Update

19-Sep-2024 3:30 PM

Plaza Wires Limited IPO Details

29 Sep, 2023

Open Date

05 Oct, 2023

Close Date

10 Oct, 2023

Allotment Date

12 Oct, 2023

Listing Date

Issue Price

₹51-54 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

76.0(NSE)

Listing Date

2023-10-12

Market Lot

Retail : 277 Shares (₹14,958/-)
S-HNI : 3,878 Shares (₹2,09,412/-)
B-HNI : 18,559 Shares (₹10,02,186/-)

Lead Manager

Pantomath Capital Advisors Pvt Ltd

Issue Size

13,200,158 shares(aggregating up to ₹71.28 Cr)

Retail Portion

10% (Number of Retail Applications: 4,765 Approx),
(Number of S-HNI Applications : 170 Approx),
(Number of B-HNI Applications : 340 Approx)

Subscription

160.98 times

IPO Docs

DRHP RHP ANCHOR

Plaza Wires Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	6,196,076	1,980,023 1,320,015 660,008	1,320,015	13,200,158
Day 1 - 29-09-23 05:00 PM	0.00 x	4.80 0.xx x 0.xx x	27.28 x	4.80 x
Day 2 - 03-10-23 05:00 PM	0.42 x	53.26 0.xx x 0.xx x	119.85 x	28.04 x
Day 3 - 04-10-23 05:00 PM	5.79 x	132.79 101.58 x 195.22 x	224.51 x	62.67 x
Day 4 - 05-10-23 05:00 PM	42.84 x	388.10 360.92 x 442.48 x	374.81 x	160.98 x

Total No. of Applications: 18,11,952 (Approx)

Plaza Wires Limited Valuations

Earnings Per Share (EPS)

₹2.46/-

P/E Ratio

21.95

RoNW

14.16%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

Plaza Wires Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	112.10	104.17	99.28
Revenue	182.60	176.94	145.60
Profit After Tax	7.51	5.95	4.24

About The Company

Plaza Wires Limited is engaged in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fastmoving electrical goods (FMEG) under its flagship brand PLAZA CABLES and home brands such as Action Wires and PCG.

Plaza Wires was originally incorporated as Navratna Wires. Its key products in the wires and cables segment include house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. The company also provides other wires and cable products such as LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, close circuit television cables and solar cables, PVC insulated tape, and PVC conduit pipe & accessories, through third-party manufacturers.

As part of after-sales service for electric fans, the company has tied up with more than 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 Indian regions.

As of March 31, 2023, the company has over 1249 authorized dealers and distributors, 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, 1 branch office cum godown at Maharashtra, 4 warehouses in Uttar Pradesh, Assam, Kerala and Delhi, and C&F agent in 1 state, viz. Punjab.

Plaza Wires Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 69.83%

Company Promoter(s)

Mr. Sanjay Gupta
Mrs. Sonia Gupta

Plaza Wires Limited IPO - Issue Objectives

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 Limited IPO - Anchor Investors

Plaza Wires mops up Rs 20 crore from anchor investors ahead of IPO.

Two anchor investors participated in the anchor book, a part of the qualified institutional buyers (QIB) component. Chanakya Opportunities Fund I and Astrone Capital UCC-Arven bought 18.52 lakh equity shares each in the company at Rs 54 per share.

Plaza Wires Limited IPO - FAQs

Ans. Plaza Wires Limited IPO is a Mainboard IPO. The issue is priced at ₹51-54 per equity share. The minimum order quantity is 277 Shares. The IPO opens on Sep 29, 2023, and closes on Oct 5, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Plaza Wires Limited IPO opens on Sep 29, 2023 and closes on Oct 5, 2023.

Ans. The size of Plaza Wires Limited IPO is 13,200,158 shares(aggregating up to ₹71.28 Cr).

Ans. The IPO price band is set between ₹51-54 per equity share.

Ans. To apply for Plaza Wires Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Plaza Wires Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Plaza Wires Limited IPO is Oct 10, 2023.

Ans. The Plaza Wires Limited IPO will be listed on Oct 12, 2023.

Ans. Follow the steps to check the allotment status for Plaza Wires Limited IPO here.