Plaza Wires Limited

Offer PeriodSep 29, 2023 – Oct 05, 2023

Sep 29, 2023 – Oct 05, 2023

MainBoardListed

Listed Price:

₹76.00

(+40.74%)

Price Band₹51 - ₹54

Lot Size277 Shares

Allotment DateOct 10, 2023

Listing DateOct 12, 2023

Subscription160.97 Times

Issue Size₹71.28 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹26
(48.15%)

Premium (ELP)

Plaza Wires Limited's has transitioned to a publicly listed entity following its IPO debut on Oct 12, 2023 at the NSE, BSE exchange. The public offering successfully raised 1,32,00,158 Shares, consisting of 1,32,00,158 Sharesin new capital.

The IPO featured a competitive price range of ₹51 to ₹54 and minimum application size of 277 shares. Market reception was evidenced through subscription activity between Sep 29, 2023 and Oct 05, 2023, reflecting investor appetite for the offering.

Allotment of shares was completed on Oct 10, 2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Plaza Wires IPO Details

IPO Date

Sep 29, 2023 to Oct 05, 2023

Allotment Date

Oct 10, 2023

List Date

Oct 12, 2023

Lot Size

277 share

Issue Price

₹51 - ₹54

Issue Size

1,32,00,158 (aggregating up to 71.28 Cr)

Fresh Issue

1,32,00,158 (aggregating up to 71.28 Cr)

Offer For Sale

Listing At

NSE, BSE

Share Holding Pre-Issue

3,05,51,920

Share Holding Post-Issue

4,37,52,078

Market Marker Portion

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	277	14,958
sHNI	14	3878	2,09,412
bHNI	67	18559	10,02,186

IPO Reservation

Shares1,32,00,158

QIB

75.00%(99,00,257)

NII (HNI)

15.00%(19,79,996)

RETAIL

10.00%(13,19,905)

Total

100.00%(1,32,00,158)

Plaza Wires IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	2.46
ROE	14.15
ROCE	15.57
RONW	14.16
PRE IPO(PE)	21.95
POST IPO(PE)	0

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials ( In Crores)

Period Ended	Mar 2023	Mar 2022	Mar 2021

Period Ended	Mar 2023	Mar 2022	Mar 2021
Assets	112.10	104.17	99.28
Revenue	182.60	176.94	145.60
Net Worth	53.08	45.52	39.48
Profit After Tax	7.51	5.95	4.24
Reserves and Surplus	22.53	14.96	35.66
Total Borrowing	39.68	40.09	43.30

Plaza Wires IPO About Company

Incorporated in 2006, Plaza Wires Limited, originally Navratna Wires, manufactures and markets wires, LT aluminium cables, and fast-moving electrical goods under its flagship brand "PLAZA CABLES" and home brands "Action Wires" and "PCG." Its product range includes house wires, single & multicore industrial cables, submersible pump cables, LT power control cables, coaxial cables, telephone & LAN cables, CCTV cables, solar cables, PVC insulated tape, and PVC conduit pipes, along with miniature circuit breakers and distribution boards. The company supports after-sales service through over 20 service centers across multiple states and has a distribution network comprising 1,249 authorized dealers and distributors, branch offices, warehouses, and C&F agents across India.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Plaza Wires IPO Strength Factors

⚠️Plaza Wires IPO Risk Factors

🏦Plaza Wires IPO Lead Manager(s)

Pantomath Capital Advisors Private Limited

👤Plaza Wires IPO Promoter(s)

Mr. Sanjay Gupta
Mrs. Sonia Gupta

🏢Plaza Wires IPO Company Details

Plaza Wires Limited

Email:compliance@plazawires.in

Phone:011-66369696

Website:https://www.plazawires.in/

address:A-74 Okhla Industrial Area, Phase-2 New Delhi South Delhi - 110020

📋Plaza Wires IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited

Phone:04067162222

Email:plazawires.ipo@kfintech.com

Website:https://kosmic.kfintech.com/ipostatus/

❓Plaza Wires IPO FAQs

Plaza Wires IPO is a main-board IPO of 1,32,00,158 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹51 - ₹54 per share. The minimum order quantity is .The IPO opens on Sep 29, 2023, and closes on Oct 05, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.

Zerodha customers can apply online in Plaza Wires IPO using UPI as a payment gateway. Zerodha customers can apply in Plaza Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Plaza Wires IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Plaza Wires IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Plaza Wires IPO opens on Sep 29, 2023 and closes on Oct 05, 2023.

You can apply in Plaza Wires IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Plaza Wires IPO will be done on Oct 10, 2023, and the allotted shares will be credited to your demat account by Oct 10, 2023

Plaza Wires IPO's listing date is Oct 12, 2023.

Plaza Wires Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹26(48.15%)

Premium (ELP)

₹26
(48.15%)