Plaza Wires Limited
- IPO Date29 Sep, 2023 to 05 Oct, 2023
- Listing Date12 Oct, 2023
- Face Value₹10 per share
- Issue Price₹51 to ₹54 per share
- Lot Size277 Shares
- Minimum Investment₹14,958
- Listing AtBSE, NSE
- Total Issue Size1,32,00,158 Shares
(aggregating up to ₹71.28 Cr) - Fresh Issue1,32,00,158 Shares
(aggregating up to ₹71.28 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue3,05,51,920
- Shareholding post issue4,37,52,078
IPO Dates
Closing Date
05 Oct, 2023
Initiation of Refunds
12 Oct, 2023
Listing Date
12 Oct, 2023
29 Sep, 2023
Opening Date
09 Oct, 2023
Basis of Allotment
12 Oct, 2023
Credit of Shares
Plaza Wires Limited Lot Size
Investors can bid for a minimum of 277 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3601 | ₹1,94,454 |
| S-HNI (Min) | 14 | 3878 | ₹2,09,412 |
| S-HNI (Max) | 66 | 18282 | ₹9,87,228 |
| B-HNI (Min) | 67 | 18559 | ₹10,02,186 |
Plaza Wires Limited Promoter Holding
Mr. Sanjay Gupta and Mrs. Sonia Gupta are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 69.83% |
Key Performance Indicator
Plaza Wires IPO Market Cap is Rs 236.26 Cr and P/E (x) is 21.95.
| KPI | Values |
|---|---|
| ROE | 14.15% |
| ROCE | 15.57% |
| RoNW | 14.16% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 21.95 | 2.46 |
| P/E (x) | 21.95 | 2.46 |
Plaza Wires Limited COMPANY INFORMATION
Plaza Wires IPO is a book built issue of Rs 71.28 crores. The issue is entirely a fresh issue of 1.32 crore shares. Plaza Wires IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for Plaza Wires IPO was finalized on Monday, October 9, 2023. The shares got listed on BSE, NSE on October 12, 2023. Plaza Wires IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 277 Shares. The minimum amount of investment required by retail investors is ₹14,958. The minimum lot size investment for sNII is 14 lots (3,878 shares), amounting to ₹209,412, and for bNII, it is 67 lots (18,559 shares), amounting to ₹1,002,186. Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Plaza Wires IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Plaza Wires IPO RHP for detailed information.
Incorporated in 2006, 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.
FAQs About Plaza Wires Limited
Plaza Wires Limited will open on 29 Sep, 2023 and close on 05 Oct, 2023. Investors must apply within this period to participate.
The Plaza Wires Limited price band is set between ₹51.00 and ₹54.00 per share. The minimum lot size is 277, requiring an investment of at least ₹14958.00.
The Plaza Wires Limited shares are expected to be listed on 12 Oct, 2023, subject to regulatory approvals and final allotment.
You can track your Plaza Wires Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Plaza Wires Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.