The IPO date for Plaza Wires has not been confirmed; however, the IPO is expected to go public on September 29 and close on October 4. The Plaza Wires IPO will generate approximately 71.28 crores through an IPO that will include a fresh issue of 71.28 crores and an offer for sale of up to 13,200,158 equity shares at a price of 10 rupees each. The retail share is 10%, the QIB share is 75%, and the HNI share is 15%.
Plaza Wires is an ISO 9001:2015 and 14001:2015 certified company that manufactures and sells wires, as well as sells and markets LT aluminum cables and fast moving electrical goods (FMEG) under their flagship brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG”. Their company was founded with the goal of carving out a position in the domestic wire and cable sector by offering quantitative and qualitative products at competitive costs to consumers from various socioeconomic backgrounds. In 2021, they
launched a line of home wire under the trademark “Action Wires” for low-cost products. According to the Resurgent India Research Report, they are one of the fastest-expanding manufacturers in the wires and cables market in northern India, offering a wide variety of wires and cables. Their product line includes wires and cables of various sorts, as well as FMEG such as electric fans, water heaters, switches and switchgear, PVC-insulated electrical tape, PVC conduit pipe and accessories.
According to Resurgent India Limited, the wires and cables business in India has expanded at a compound annual growth rate (CAGR) of around 13.68% over the last five years and is expected to reach $788.00 billion in fiscal 2021. Resurgent India Limited anticipates that the Indian wires and cables sector will grow at a CAGR of around 14.50% in value terms, reaching approximately 1550.00 billion by fiscal 2026.
Plaza Wires Limited IPO Objectives
- Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires and cables, aluminum cables and solar cables to expand the product portfolio
- Funding the working capital requirements of the company.
- General corporate purposes.
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Plaza Wires IPO Date and Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 4, 2023 |
| IPO Size: | Approx ₹71.28 Crores |
| Fresh Issue: | Approx 13,200,158 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹51 to ₹54 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
Plaza Wires IPO Market Lot
The Plaza Wires IPO minimum market lot is 277 shares with a ₹14,958 application amount. Retail investors can apply for up to 13 lots with 3601 shares, or ₹194,454 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 277 | ₹14,958 |
| Retail Maximum | 13 | 3601 | ₹194,454 |
| S-HNI Minimum | 14 | 3878 | ₹209,412 |
| S-HNI Maximum | 66 | 18,282 | ₹987,228 |
| B-HNI Minimum | 67 | 18,559 | ₹1,002,186 |
Plaza Wires IPO Allotment and Listing Dates
The Plaza Wires IPO date is September 29, and the close date is October 4. The Plaza Wires IPO allotment will be finalized on October 9 and the IPO listing on October 12.
| Anchor Investors Allotment: | September 27, 2023 |
| IPO Open Date: | September 29, 2023 |
| IPO Close Date: | October 4, 2023 |
| Basis of Allotment: | October 9, 2023 |
| Refunds: | October 10, 2023 |
| Credit to Demat Account: | October 11, 2023 |
| IPO Listing Date: | October 12, 2023 |
Plaza Wires IPO Form
How do I apply for the Plaza Wires IPO? –> You can apply for the Plaza Wires IPO using ASBA from your bank account. Simply go in to your online bank account and apply through your bank account by selecting the Plaza Wires IPO in the Invest section. You can also apply for the Plaza Wires IPO by downloading IPO forms from the NSE and BSE. Examine the Plaza Wires shapes.
Plaza Wires IPO Valuation – FY2023
Check Plaza Wires IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.46 per Equity Share |
| Price/Earning P/E Ratio: | 20.73 |
| Return on Net Worth (RoNW): | 14.16% |
| Net Asset Value (NAV): | ₹17.37 per Equity Share |
Plaza Wires Ltd IPO Financials
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹145.59 | ₹139.50 | ₹4.24 |
| 2022 | ₹176.93 | ₹168.30 | ₹5.95 |
| 2023 | ₹182.59 | ₹172.26 | ₹7.51 |
Why should you buy Plaza Wires Limited stock?
- The Global wires and cables market is estimated to be valued at $236.1 billion in 2024, increasing at a CAGR of 8.00%..
- The C&W business is predicted to rise to $1,033 billion in FY23, backed by higher government infrastructure spending..
- India’s wires and cables market will grow at a CAGR of nearly 14.50% in value terms, reaching approximately 1,550 billion by Fiscal 2026.
Know before you invest
Strengths
- The company strives to offer quality products at low prices to make them accessible to all its customers and work as a means to accelerate the business.
- Plaza Cables has a wide product portfolio, including wires, cables, various fan types, and certain electronics. The company also introduced a low-cost segment of products under the brand “Action Wires” in 2021.
- The company has come a long way, but its value and dedication to its customers have remained the same through the years.
- The new manufacturing unit will enhance the scale of operations, and the company will be able to expand its product portfolio.
Risks
- Inadequate or interrupted raw material and packaging material supply, as well as pricing fluctuations, could harm the business, results of operations, cash flows, profitability, and financial position.
- The business requires a large amount of working capital, and a large portion of that capital is spent on trade receivables and stocks.
- Due to the fragmentation of the market segments in which they operate, they face competition from major players, which may have an impact on their company operations, cash flows, profitability, & financial conditions.
- The business and prospects may suffer if they are unable to continue to implement the brand building and marketing strategies for each of their brands.
Peer Group
- Cords Cable Industries Ltd
- Ultracab (India) Ltd
- V-Marc India Limited
- Dynamic Cables Limited
- Paramount Communications Limited
Plaza Wires IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com
Company Address
Plaza Wires Limited
A-74 Okhla Industrial Area,
Phase-2 New Delhi
South Delhi – 110020
Phone: 011-66369696
Email: compliance@plazawires.in
Website: https://www.plazawires.in
Company Promoters
- Mr. Sanjay Gupta
- Mrs. Sonia Gupta
Plaza Wires IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Pvt Ltd
Plaza Wires Ltd IPO FAQs :
Q1. What is Plaza Wires IPO?
Ans. Plaza Wires IPO is a main-board IPO. They are going to raise ₹71.28 Crores via IPO. The issue is priced at ₹51 to ₹54 pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Plaza Wires IPO will open?
Ans. The IPO is to open on September 29, 2023 for QIB, NII, and Retail Investors.
Q3. What is Plaza Wires IPO Investors Portion?
Ans. The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
Q4. When will Plaza Wires Limited IPO be available to buy?
Ans. The IPO of Plaza Wires Limited will be open for subscription from <>.
Q5. What is Plaza Wires Limited’s smallest lot size available to retail investors?
Ans. The minimum market lot size for the Plaza Wires Limited IPO is <> shares.
Q6. Which exchanges will Plaza Wires Limited list on?
Ans. Plaza Wires Limited shares will be listed on both BSE as well as the National Stock Exchange (NSE).
Q7. What is the IPO size of Plaza Wires Limited?
Ans. The IPO size of Plaza Wires Limited is Rs <> crore.
Q8. How will I get my Plaza Wires Limited stock?
Ans. Following allotment, the Plaza Wires Limited shares will be credited to the Demat account.
Q9. Can I use one PAN to submit multiple applications for the public issue of Plaza Wires Limited?
Ans. No, you cannot use the same PAN to make multiple applications for this Plaza Wires Limited IPO or any other public offering.
Q10. Is it necessary to give immediate approval to a UPI mandate request?
Ans. Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.
Q11. Who is the Plaza Wires Limited CEO?
Ans. Mr Sanjay Gupta is the CEO of Plaza Wires Limited.
