Plaza Wires IPO Details ( Plaza Wires Limited IPO Review )
(29 Sep 2023 – 4 Oct 2023)
Plaza Wires Limited started in 2006 and specializes in making and selling wires, LT aluminium cables, and fast-moving electrical goods (FMEG). They have their famous “PLAZA CABLES” brand and also home brands like “Action Wires” and “PCG.”
Initially, it was called Navratna Wires. They make various products like house wires, flexible industrial cables, and industrial cables for submersible pumps and motors up to 1.1kv grade. They also offer LT power control cables, TV dish antenna co-axial cables, telephone and switchboard industrial cables, computer and LAN networking cables, closed-circuit television cables, solar cables, PVC insulated tape, and PVC conduit pipe and accessories, which are made by third-party manufacturers.
For electric fans, they have more than 20 service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu. In 2021, they expanded by adding miniature circuit breakers and distribution boards (DB) to their product range in the northern and southern regions of India.
As of March 31, 2023, the company has 1,249 authorized dealers and distributors, 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, 1 branch office with a storage facility in Maharashtra, 4 warehouses in Uttar Pradesh, Assam, Kerala, and Delhi, and 1 C&F agent in Punjab.
Plaza Wires Limited IPO Competitive Strength
- Product portfolio focused on various customer segments and markets
- Our distribution network
- Our management and dedicated employee base
Plaza Wires IPO Financials Performance ( Results )
Plaza Wires Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 99.28 | 145.60 | 4.24 | 1.39 | 39.48 | 12.92 | 35.66 | 43.30 |
| 31-Mar-22 | 104.17 | 176.94 | 5.95 | 1.95 | 45.52 | 14.90 | 14.96 | 40.09 |
| 31-Mar-23 | 112.10 | 182.60 | 7.51 | 2.46 | 53.08 | 17.37 | 22.53 | 39.68 |
Objective of Plaza Wires IPO Issue
- Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio.
- Funding the working capital requirements of the company.
- General corporate purposes.
Plaza Wires IPO Basic Details
| IPO Date | Sep 29, 2023 to Oct 4, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size | 277 Shares |
| Issue Size | 13,200,158 shares of ₹10 (aggregating up to ₹71.28 Cr) |
| Fresh Issue | 13,200,158 shares of ₹10 (aggregating up to ₹71.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 30,551,920 |
| Share holding post issue | 43,752,078 |
| Company Promoters | Mr. Sanjay Gupta and Mrs. Sonia Gupta |
Plaza Wires IPO Reservation
| QIB Shares Offered | 75% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 10% of the Net Issue |
Plaza IPO Timetable
Plaza IPO will open on September 29, 2023 and close on October 4, 2023. You can join Plaza IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 29 September 2023 (Friday) |
| Closing Date | 4 October 2023 (Wednesday) |
| Basis of Allotment | 9 October 2023 (Monday) |
| Initiation of Refunds | 10 October 2023 (Tuesday) |
| Credit of Shares to Demat | 11 October 2023 (Wednesday) |
| Listing Date | 12 October 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 4 October 2023 |
Plaza Wires IPO Lot Size
For retail investors in Plaza Wires IPO, 277 shares will come in 1 lot or the minimum investment will be ₹14,958. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹194,454.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3,601 | ₹194,454 |
| S-HNI (Min) | 14 | 3,878 | ₹209,412 |
| S-HNI (Max) | 66 | 18,282 | ₹987,228 |
| B-HNI (Min) | 67 | 18,559 | ₹1,002,186 |
Plaza Wires IPO Promoter Holding
The company’s promoters include Mr. Sanjay Gupta and Mrs. Sonia Gupta.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.83% |
Plaza Wires Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 236.26 |
| Earning Per Share (EPS) | ₹2.46 per Equity Share |
| Net Asset Value (NAV) | ₹17.37 per Equity Share |
| P/E Ratio (P/E) (x) | 21.95 |
| Return on Net Worth (RoNW) (%) | 14.16 |
| Return on equity (ROE) (%) | 14.15 |
| Return on Capital Employed (ROCE) (%) | 15.57 |
| Debt/Equity Ratio | 0.75 |
Plaza Wires Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Plaza Wires Limited | Consolidated | 54.00 | 10.00 | 2.46 | 21.95 | 14.15 | 17.37 |
| Peer Group | |||||||
| Cords Cable Industries Ltd | Consolidated | 91.90 | 10.00 | 5.52 | 16.65 | 4.53 | 123.15 |
| Ultracab (India) Ltd | Consolidated | 14.74 | 2.00 | 0.61 | 24.18 | 24.30 | 3.35 |
| V-Marc India Limited | Consolidated | 117.00 | 10.00 | 4.58 | 25.55 | 13.11 | 34.97 |
| Dynamic Cables Limited | Consolidated | 454.00 | 10.00 | 14.09 | 32.22 | 17.48 | 80.60 |
| Paramount Communications Limited | Consolidated | 57.00 | 2.00 | 2.40 | 23.75 | 16.19 | 15.20 |
Plaza Wires IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 8 October 2023 | ₹23 | – | – |
| 7 October 2023 | ₹23 | – | – |
| 6 October 2023 | ₹23 | – | – |
| 5 October 2023 | ₹17 | – | – |
| 4 October 2023 | ₹12 | – | – |
| 3 October 2023 | ₹12 | – | – |
Plaza Wires IPO Detail Video:
Plaza Wires IPO Subscription Status (Bidding Detail)
The Plaza Wires IPO on October 5, 2023 at 7:30:00 PM was subscribed 160.97 times, with the retail category being subscribed 374.81 times, the NII (Non-Institutional Investor) category being subscribed 388.09 times, QIB (Qualified-Institutional Buyers) category being subscribed 42.84 times.
| Category | Subscription |
| QIB | 42.84x |
| NII | 388.09x |
| Retail | 374.81x |
| Total | 160.97x |
Plaza Wires IPO Prospectus
| Plaza Wires IPO DRHP | Download |
| Plaza Wires IPO RHP | Download |
| Plaza Wires IPO Anchor Investors Details PDF | Download |
Plaza Wires IPO Rating
| Our Rating | 4.0/5.0 |
Plaza Wires Company Contact Information
Plaza Wires Limited
Registered Office: A-74 Okhla Industrial Area, Phase-2 New Delhi,
South Delhi, 110020, India
Tel: 011-66369696
Contact Person: Bhavika Kapil, Company Secretary and Compliance Officer
E-mail: compliance@plazawires.in
Website: www.plazawires.in
Corporate Identity Number: U31300DL2006PLC152344
Our Promoters: Sanjay Gupta and Sonia Gupta
Plaza Wires IPO Registrar
Kfin Technologies Limited
Registered Office: Selenium Tower-B, Plot No.31 & 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana
Tel: 40 6716 2222
Email: plazawires.ipo@kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221
Plaza Wires IPO Lead Manager
Pantomath Capital Advisors Private Limited
Registered Office: 406-408, Keshava Premises, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Tel: +91 22 61946724
Email: ipo@pantomathgroup.com
Investor Grievance Email: ipo@pantomathgroup.com
Website: www.pantomathgroup.com
Contact Person: Punam Thadeshwar
SEBI Registration No: INM000012110
Plaza Wires IPO FAQs
What is the lot size of Plaza Wires IPO?
The total size of Plaza Wires IPO is ₹71.28 crores and this is a complete fresh Issue.
When will Plaza Wires IPO start?
Plaza Wires IPO will open from 29 September 2023 and IPO will close on 4 October 2023.
What is the open date of Plaza Wires IPO?
Plaza Wires IPO will open from 29 September 2023.
What is the last date ( close date ) of Plaza Wires IPO?
Plaza Wires IPO will close from 4 October 2023.
What is the price band of Plaza Wires IPO?
Plaza Wires IPO price band is ₹51 to ₹54. ( Upper Price Band: ₹54, Lower Price Band: ₹51 )
What is the minimum amount required to apply for Plaza Wires IPO?
The minimum investment for retailers to apply for Plaza Wires IPO is ₹14,958 and the maximum investment is ₹194,454.
What is going on gray market premium of Plaza Wires IPO?
Check Plaza Wires GMP Today: Click Here
How much is the GMP of Plaza Wires IPO?
Watch Plaza Wires IPO GMP Today: Click Here
What is the allotment date of Plaza Wires IPO?
The allotment date of Plaza Wires IPO is 9 October 2023.
How to check allotment status in Plaza Wires IPO?
To check the allotment status of Plaza Wires IPO, first of all go to the registrar website by clicking here, select your bad Plaza Wires IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Plaza Wires IPO?
The listing date of Plaza Wires IPO is 12 October 2023.
How much will be the listing gain in Plaza Wires IPO?
View listing gain of Plaza Wires IPO by Clicking Here
How much time Plaza Wires IPO is subscribed?
Total 160.97 times subscribed in Plaza Wires IPO out of which 374.81 times subscription was done in retail quota, 388.09 times subscription in NII quota and 42.84 times subscription in QIB quota.
How to apply for Plaza Wires IPO from Upstox?
Click Here to see how to apply for Plaza Wires IPO from Upstox. (step by step)
How to apply for Plaza Wires IPO from Zerodha?
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How to apply for Plaza Wires IPO from Angle One?
Click Here to see how to apply for Plaza Wires IPO from Angle One. (step by step)
