Plaza Wires IPO Details | GMP, Date, Price, Review, Allotment

Plaza Wires IPO

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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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

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 DateSep 29, 2023 to Oct 4, 2023
Listing DateThursday, October 12, 2023
Face Value₹10 per share
Price₹51 to ₹54 per share
Lot Size277 Shares
Issue Size13,200,158 shares of ₹10
(aggregating up to ₹71.28 Cr)
Fresh Issue13,200,158 shares of ₹10
(aggregating up to ₹71.28 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue30,551,920
Share holding post issue43,752,078
Company PromotersMr. Sanjay Gupta and
Mrs. Sonia Gupta

Plaza Wires IPO Reservation

QIB Shares Offered75% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered10% 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.

Opening Date29 September 2023 (Friday)
Closing Date4 October 2023 (Wednesday)
Basis of Allotment9 October 2023 (Monday)
Initiation of Refunds10 October 2023 (Tuesday)
Credit of Shares to Demat11 October 2023 (Wednesday)
Listing Date12 October 2023 (Thursday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)1277₹14,958
Retail (Max)133,601₹194,454
S-HNI (Min)143,878₹209,412
S-HNI (Max)6618,282₹987,228
B-HNI (Min)6718,559₹1,002,186

Plaza Wires IPO Promoter Holding

The company’s promoters include Mr. Sanjay Gupta and Mrs. Sonia Gupta.

Pre Issue Share Holding100.00%
Post Issue Share Holding69.83%

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.

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 Ratio0.75

Plaza Wires Ltd Peer Comparison

Company NameConsolidated/
Plaza Wires
Peer Group
Cords Cable
Industries Ltd
Ultracab (India)
V-Marc India
Dynamic Cables

Plaza Wires IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject 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.


Plaza Wires IPO Prospectus

Plaza Wires IPO DRHPDownload
Plaza Wires IPO RHPDownload
Plaza Wires IPO Anchor Investors Details PDFDownload

Plaza Wires IPO Rating

Our Rating4.0/5.0

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
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
Investor Grievance Email:
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
Investor Grievance Email:
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?

Click Here to see how to apply for Plaza Wires IPO from Zerodha. (step by step)

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)

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