IPO Details
Bidding Dates
29 Sep '23 - 04 Oct '23
Minimum Investment
₹14,958 / 1 Lots ( 277 Shares )
Price Range
To be announced
Maximum Investment
₹194,454 / 13 Lots ( 3601 Shares )
Retail Discount
Not Applicable
Issue Size
₹71.28 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor |Plaza Wires Ltd IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Sep 29, 2023
IPO Close Date
Oct 4, 2023
Basis of Allotment
Oct 9, 2023
Initiation of Refunds
Oct 10, 2023
Credit of Shares to Demat Account
Oct 11, 2023
IPO Listing Date
Oct 12, 2023
UPI mandate confirmation
Oct 5, 2023
Plaza Wires IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Sep 29, 2023 |
0.00 | 4.80 | 27.28 | 4.80 |
Plaza Wires IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.00 |
| Non-Institutional Buyers | 4.80 |
| Retail Investors | 27.28 |
| Total | 4.80 |
About Plaza Wires Ltd
Plaza Wires is involved in the manufacturing and selling of wires, along with the selling and marketing of Fast Moving Electrical Goods (FMEG) and LT aluminium cables under their flagship brand ‘Plaza Cables’ and home brands ‘Action Wires’ and ‘PCG’. The company’s 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.
The company sells their products through various distribution channels depending on geography, industry norms, and trends. They have dealer and distribution networks to sell and promote the products. The dealers and distribution partners are chosen based on their market reputation, sales reach, and financial stability. They actively participate in government tenders for project supply and also sign direct deals with infrastructure projects.
Cables are essential in building things like houses and infrastructure. The demand for house wires is persistent. The wires and cables market worldwide is expected to grow to USD 351.3 billion by 2032. India's wires and cables industry is to expand at a CAGR of ~14.50% in value terms to reach ~₹1,550 billion by FY 2026. Also, with the big investments in electricity, technology, and real estate, the cable industry is set to grow strongly. These possibilities can impact the company positively, improving its revenue.
Plaza Wires Limited IPO Details
Plaza Wires Limited IPO Date
Plaza Wires IPO will open on September 29, 2023, and close on October 4, 2023.The IPO will be listed on the NSE and BSE exchanges on October 12, 2023.
Plaza Wires Limited IPO Price Band
Plaza Wires is a fresh IPO. The issue comprises 1,32,00,158 equity shares and is priced at ₹51 to ₹54 per share.
Plaza Wires Limited IPO Lot Size
Plaza Wires IPO lot size is 277 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹14,958.
Plaza Wires Limited IPO Objectives
The objectives of Plaza Wires Limited's IPO are listed below:
- To fund the capital expenditure to set up the new manufacturing unit for cables, house and fire-resistant wires, aluminium and solar cables.
- To fund the working capital requirement of the company.
- To meet general corporate purposes.
Peer Details
As per DRHP, the listed companies in India that are in a similar business to that of Plaza Wires are Cords Cable Industries Ltd, Ultracab (India) Ltd, V-Marc India Limited, Dynamic Cables Limited, and Paramount Communications Limited.
How To Check the Plaza Wires Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Plaza Wires Limited IPO.
Contact Details of Plaza Wires Limited IPO
- Registered office: A-74 Okhla Industrial Area, Phase-2, New Delhi, South Delhi DL - 110020, India.
- Phone: 011-66369696
- E-mail:compliance@plazawires.in
Plaza Wires Ltd Company Financials
| Key Performance Indicators | As of and for the nine months ended December 31, 2021* | Year ending on March 31, 2023 ( ₹ in million ) | Year ending on March 31, 2022 ( ₹ in million ) | Year ending on March 31, 2021 ( ₹ in million ) |
|---|---|---|---|---|
| Revenue from operations | 1,824.92 | 1,767.74 | 1,453.78 | |
| Profit After Tax | 75.10 | 59.54 | 42.44 | |
| Net Worth | 530.77 | 455.15 | 394.79 | |
| Earnings Per Share | 2.46 | 1.95 | 1.39 | |
| Total Borrowings | 396.75 | 400.93 | 433.04 |
Know before investing
Strengths
2-
The company's portfolio contains various products catering to different customer segments and markets. They are planning to set up a new manufacturing facility to widen its product portfolio.
-
As of March 2023, the company has about 1,249 authorised dealers and distributors all over the country. They have repeat relationships with distributors and dealers.
Risks
3-
One of their group companies, Plaza Cable Electric Private Limited, is involved in a similar business. This can cause a conflict of interest, which can adversely impact the business.
-
The business requires a large amount of working capital, and a large portion of that capital is spent on trade receivables and stocks.
-
Inadequate or interrupted raw material and packaging material supply and pricing fluctuations could adversely impact the business, cash flows, profitability, and financial position.
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Plaza Wires Ltd IPO FAQs
The IPO subscription window will open on Friday, September 29, 2023.
Plaza Wires Ltd IPO will be listed on the BSE and NSE exchanges on Thursday, October 12, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Thursday, October 12, 2023, for Plaza Wires Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
