Plaza Wires is set to launch an IPO which will open on September 29, 2023, and close on October 04, 2023. Through this public offer company wants to raise Rs. 71.28 Crore from the primary market, Company fixed the IPO price of Rs. 54 with a minimum lot of 277 shares, and list on October 12, according to the preliminary papers filed to the capital market regulator SEBI.
PLAZA WIRES is engaged in the business of manufacturing and selling of wires and selling, marketing of LT aluminum cables under the flagship brand “PLAZA WIRES”. The company’s product portfolio comprises different types of cables, wires, electric fans, water heaters, switchers, PVC items, etc. The company is the one of fastest growing manufacturers in the northern region of India and the company business model engages dealers and a distribution network via 129 authorised partners for marketing the products.
Check out the IPO allotment status on IPO Deliver.
#Plaza Wires IPO Object
The company proposed to use the IPO Funds for the below-mentioned purposes:
- Capital expenditure for setting up a new manufacturing unit
- Funding for the working capital requirement.
- The rest funds will be used for general corporate purposes and offer expenses.
#Plaza Wires Strength
- Product portfolio focused on various customer segments
- Experienced promoters, strong management team, and dedicated employee base.
#Plaza Wires Forward Statements (Risk)
- Inability to maintain stability of distribution network
- Inability to maintain and enhance brand
- Failure to obtain and maintain statutory requirement.
#Plaza Wires IPO Review & Rating
| Issue Size | 71.28 crore (Book built issue) |
| Issue Price | Rs. 51-54 per share |
| Lot size | 277 shares |
| Market Capitalization | 236.26 crore |
| Profit – 2023 | 7.51 crore |
| Total Assets – 2023 | 112.10 crore |
| Debt/Equity ratio | 0.75 |
| NAV Value | Rs. 17.37 per share |
| Pre-offer Promoter holding | 100% |
| Listing on Stock Exchanges | Mainboard (BSE & NSE) |
| IPO Deliver Rating | Four |
#Plaza Wires IPO Dates, Price Band, Lot Size & Details
Plaza Wires IPO is open on September 27, 2023, and closes on October 04, 2023. The IPO list on October 12, 2023.
| Type of issue | Fresh issue |
| Issue Size | Rs. 71.28 Crore |
| Price band | Rs. 51-54 per share |
| Lot size | 277 equity shares |
| Face Value | Rs. 10 each equity share |
| IPO Open | September 29, 2023 |
| IPO Close | October 04, 2023 |
| IPO Allotment Date | October 09, 2023 |
| Refund Date | October 10, 2023 |
| Listing Date | October 12, 2023 |
| Fresh Issue | Rs. 71.28 Crore (13,200,158 equity shares) |
#Plaza Wires Financials Review (million)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021
|
| Total Revenue | 1,825.92 | 1,767.14 | 1,453.78 |
| Net worth | 530.77 | 455.15 | 394.79 |
| Profit after Tax (PAT) | 75.10 | 59.54 | 42.44 |
| Total Borrowings
|
396.75 | 400.93 | 433.04 |
#Plaza Wires IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 2.46 | 1.95 | 1.39 |
| Diluted EPS | 2.46 | 1.95 | 1.39 |
| RoNW | 14.16 | 13.08 | 10.75 |
| NAV | 17.37 | 14.90 | 12.92 |
#Plaza Wires IPO Industry peers
| Company | EPS | P/E Ratio | RoNW | NAV |
| Cords Cables | 5.52 | 16.65 | 4.53 | 123.15 |
| Ultracab India | 0.61 | 24.18 | 24.30 | 3.35 |
# Plaza Wires Company Promoter
The company has two Promoters
- Sanjay Gupta
- Sonia Gupta
- Pre-offer shareholding: 93.67% (286,23,600 equity shares)
- The average cost of acquisition for promoter: Rs. 8.40 and 38.32 per share.
# Plaza Wires IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter & promoter group shareholding 100%
Post-offer promoter & promoter group shareholding 69.83%
# Plaza Wires IPO Reservation
Retail investor (QIB): Not more than 75% of the offer size i.e. 9,900,119 equity shares.
NII: Not more than 15% of the offer size i.e. 1,980,024 equity shares
RII: Not less than 10% of the offer size i.e 13,200,158 equity shares
# Plaza Wires IPO – DRHP & RHP
Draft Red Herring Prospectus (DRHP) – Click to view/download
Red Herring Prospectus (RHP) – Click to view/download
# Plaza Wires IPO Registrar
Kfin Technologies Limited
Tel: +91 40 6716 2222 and Email: plazawire.ipo@kfintech.com
Website: www.kfintech.com
# Plaza Wires IPO lead manager
Pantomath Capital Advisors Private Limied Limited
Tel No.: +91 22 61946700 and Email: ipo@pantomathgroup.com
Website: www.pantomathgroup.com
#Plaza Wires IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “Plaza Wires Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “Plaza Wires Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
# Plaza Wires Company Details
Plaza Wires Limited (Established 2006)
Regd. Off: A-74, Okhla Industrial area, Phase-2, New Delhi-110020
Tel: +91 66369696 & Email: info.it@plazawires.in
Website: www.plazawires.in
Investor Grievances/Compliance Officer: Mrs. Bhavika Kapil
Subsidiary Companies: No
# Plaza Wires Company Board (Top 2)
Mr. Sanjay Gupta, Chairman and Managing Director
Mrs. Sonia Gupta, Whole-time Director
# Plaza Wires IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is Plaza Wires IPO Open date?
Ans: Plaza Wires IPO opening date is September 29 – October 04, 2023.
Q-2 what is Plaza Wires IPO Close date?
Ans: Plaza Wires IPO closing date is October 04, 2023
Q-3 What is Plaza Wires IPO Listing date?
Ans: Plaza Wires IPO listing date is October 12, 2023
Q-4 What is Plaza Wires IPO Minimum investment amount?
Ans: Plaza Wires IPO minimum investment amount is Rs. 14,958.
Q-5 What is Plaza Wires IPO offer issue Size?
Ans: Plaza Wires offer an issue size of Rs. 71.28 crores, which comprises fresh issues only
Q-6 What is Plaza Wires IPO Price Band?
Ans: Plaza Wires IPO price band is Rs. 51-54 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: Yes
Q-8 Is Plaza Wires IPO mainboard IPO or SME IPO?
Ans: Plaza Wires IPO is a mainboard IPO.
Q-9 Plaza Wires IPO Rating by IPO Deliver Team?
Ans: Four Rating
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