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

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:[email protected]

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

  1. 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.

  2. 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

  1. 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.

  2. The business requires a large amount of working capital, and a large portion of that capital is spent on trade receivables and stocks.

  3. Inadequate or interrupted raw material and packaging material supply and pricing fluctuations could adversely impact the business, cash flows, profitability, and financial position.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Plaza Wires Ltd IPO FAQs

What is Plaza Wires Limited's Initial Public Offering?

The Plaza Wires Ltd IPO is a fresh IPO. The issue comprises 1,32,00,158 equity shares and is priced at ₹51 to ₹54 per share.   

When will Plaza Wires Limited's IPO be allotted?

The Basis of Allotment will happen on Monday, October 9, 2023.

When will Plaza Wires Limited's IPO open for subscription?

Each Plaza Wires Limited IPO lot has <> shares.

When will Plaza Wires Limited IPO be available to buy?

The IPO subscription window will open on Friday, September 29, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 277 shares.

When will Plaza Wires Limited list on exchanges?

Plaza Wires Ltd IPO will be listed on the BSE and NSE exchanges on Thursday, October 12, 2023.

How do I check the allotment status of the Plaza Wires Limited IPO?

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.

What would be the listing gains on the Plaza Wires Limited IPO?

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. 

I have finished the application process for the Plaza Wires Limited IPO, but the funds still need to be debited. What is the reason?

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. 

How do I approve the UPI mandate request for Plaza Wires Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Plaza Wires Limited using one PAN?

You can submit only one application using your PAN card.