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Plaza Wires Limited IPO

Plaza Wires Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Subscription:
Listed Price: ₹ 76.00 (+40.74%)

Plaza Wires Limited's has transitioned to a publicly listed entity following its IPO debut on 12-10-2023 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 29-09-2023 and 05-10-2023, reflecting investor appetite for the offering.

Allotment of shares was completed on 10-10-2023, 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
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.

IPO Reservation
Plaza Wires IPO Key Performance Indicator
Company Financials ( In Crores )

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

NA


Plaza Wires IPO Risk Factors

NA


Plaza Wires IPO Lead Manager(s)

  • Pantomath Capital Advisors Private Limited

Plaza Wires IPO Promoter(s)

  1. Mr. Sanjay Gupta
  2. Mrs. Sonia Gupta

Plaza Wires IPO Company Details

Plaza Wires Limited
Phone:
address:

Plaza Wires IPO Registrar

Kfin Technologies Limited
Name:
Phone:

Plaza Wires IPO FAQs