IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
Their business was started with the intention of filling a void in the local wire and cable market by providing clients from different backgrounds with affordable, high-quality, and measurable products. In 2021, they introduced a range of home wires for low-cost products under the trade name "Action Wires." According to the Resurgent India Research Report, they produce a variety of wires and cables and are among the companies with the quickest growth in the northern region of India.
Their product mix includes a variety of wires and cables in addition to FMEG including electric fans, water heaters, switches, switchgear, PVC insulated electrical tape, and PVC conduit pipe and accessories.
Plaza Wires Limited IPO Objectives
- Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminium cables and solar cables to expand the product portfolio.
- Funding the working capital requirements of the Company.
- General corporate purposes.
Why should you invest in the Plaza Wires Limited IPO?
- Global wires and Cables market is expected to reach worth $236.1 billion in 2024 growing at a CAGR of 8.00%.
- The C&W industry is expected to grow to ₹1,033bn in FY23, boosted by increased infra spends by the government.
- The wires and cables industry in India to expand at a CAGR of approximately 14.50% in value terms to reach approximately ₹1,550 billion by Fiscal 2026.
IPO Financials
| Key Performance Indicators | As of and for the nine months ended December 31, 2021* | March 31, 2019 | March 31, 2020 | March 31, 2021 |
|---|---|---|---|---|
| Revenue from Operations | 126.693 | 157.740 | 159.142 | 145.378 |
| Gross Profit( | 29.827 | 39.657 | 38.094 | 32.703 |
| Gross Margin | 23.54% | 25.14% | 23.94% | 22.49% |
| EBITDA | 11.828 | 13.583 | 10.835 | 11.078 |
| EBITDA Margin | 9.34% | 8.61% | 6.81% | 7.62% |
| Profit After Tax for the Year / Period | 5.744 | 7.022 | 4.004 | 4.372 |
| PAT Margin | 4.53% | 4.45% | 2.52% | 3.01% |
| ROE | 71.08% | 22.50% | 11.37% | 11.04% |
| ROCE | 19.68% | 30.89% | 23.15% | 19.23% |
| Debt / Equity | 0.021 | 0.022 | 0.015 | 0.028 |
Know before investing
Strengths
4
The company strives to offer quality products at low prices to make them accessible to all its customers and work as a means to accelerate the business.
Plaza Cables has a wide product portfolio, including wires, cables, various fan types, and certain electronics. The company also introduced a low-cost segment of products under the brand “Action Wires” in 2021.
The company has come a long way, but its value and dedication to its customers have remained the same through the years.
The new manufacturing unit will enhance the scale of operations, and the company will be able to expand its product portfolio.
Risks
4
Inadequate or interrupted raw material and packaging material supply, as well as pricing fluctuations, could harm the business, results of operations, cash flows, profitability, and financial position.
The business requires a large amount of working capital, and a large portion of that capital is spent on trade receivables and stocks.
Due to the fragmentation of the market segments in which they operate, they face competition from major players, which may have an impact on their company operations, cash flows, profitability, & financial conditions.
The business and prospects may suffer if they are unable to continue to implement the brand building and marketing strategies for each of their brands.
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