JSW Infrastructure IPO vs Plaza Wires IPO

Comparision between JSW Infrastructure IPO and Plaza Wires IPO.

IPO Details

JSW Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Plaza Wires IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JSW Infrastructure IPO	Plaza Wires IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Axis Capital Limited Credit Suisse Securities (India) Private Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of JSW Infrastructure IPO is up to ₹2,800.00 Cr whereas the issue size of the Plaza Wires IPO is up to ₹71.28 Cr. The final issue price of JSW Infrastructure IPO is ₹119.00 per share and of Plaza Wires IPO is ₹54.00 per share.

	JSW Infrastructure IPO	Plaza Wires IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹113.00 per share	₹51.00 per share
Issue Price (Upper)	₹119.00 per share	₹54.00 per share
Issue Price (Final)	₹119.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	126 shares	277 shares
Fresh Issue Size	23,52,94,118 shares	1,32,00,158 shares
Fresh Issue Size (Amount)	up to ₹2,800.00 Cr	up to ₹71.28 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,52,94,118 shares	1,32,00,158 shares
Issue Size Total (Amount)	up to ₹2,800.00 Cr	up to ₹71.28 Cr

IPO Timetable

JSW Infrastructure IPO opens on Sep 25, 2023, while Plaza Wires IPO opens on Sep 29, 2023. The closing date of JSW Infrastructure IPO and Plaza Wires IPO is Sep 27, 2023, and Oct 05, 2023, respectively.

	JSW Infrastructure IPO	Plaza Wires IPO
Anchor Bid Date	Sep 22, 2023	Sep 27, 2023
Issue Open	Sep 25, 2023	Sep 29, 2023
Issue Close	Sep 27, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Sep 28, 2023	Oct 11, 2023
Credit of Share (Tentative)	Sep 29, 2023	Oct 12, 2023
Listing date (Tentative)	Oct 03, 2023	Oct 12, 2023
Anchor Lockin End date 1	Oct 28, 2023	Nov 08, 2023
Anchor Lockin End date 2	Dec 27, 2023	Jan 07, 2024

Financials

JSW Infrastructure IPO P/E ratio is 29.67, as compared to Plaza Wires IPO P/E ratio of 21.95.

JSW Infrastructure IPO

Plaza Wires IPO

Financial

JSW Infrastructure IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	7,191.85	8,254.55	9,429.46	9,450.66
Revenue	1,237.37	1,678.26	2,378.74	3,372.85
Profit After Tax	196.53	284.62	330.44	749.51
Net Worth	2,488.23	2,831.18	3,212.13	3,934.64
Reserves and Surplus	2,486.53	2,829.84	3,208.98	3,645.75
Total Borrowing	3,102.57	3,945.82	4,408.69	4,243.70

Amount in ₹ Crore

Plaza Wires Limited Financial Information (Restated)

Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	112.10	104.17	99.28
Revenue	182.60	176.94	145.60
Profit After Tax	7.51	5.95	4.24
Net Worth	53.08	45.52	39.48
Reserves and Surplus	22.53	14.96	35.66
Total Borrowing	39.68	40.09	43.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.42%

100%

Promoter Shareholding (Post-Issue)

85.61%

69.83%

P/E Ratio

29.67

21.95

Market Cap

₹24990.00 Cr.

₹236.26 Cr.

ROE

18.33%%

14.15%%

ROCE

19.49%%

15.57%%

Debt/Equity

0.75

EPS

₹4.12

₹2.46

RoNW

18.80%%

14.16%%

Shares Offered

In the JSW Infrastructure IPO retail investors (RII) are offered 2,35,29,411 shares while in Plaza Wires IPO retail investors are offered 2,35,29,411 shares. Qualified institutional buyers (QIB) are offered 7,05,88,236 shares in JSW Infrastructure IPO and 61,96,076 shares in Plaza Wires IPO.

	JSW Infrastructure IPO	Plaza Wires IPO
Anchor Investor Reserveration	10,58,82,352 shares	37,04,044 shares
Market Maker Reserveration
QIB	7,05,88,236 shares	61,96,076 shares
NII	3,52,94,118 shares	19,80,023 shares
RII	2,35,29,411 shares	13,20,015 shares
Employee	0 shares	0 shares
Others
Total	12,94,11,765 shares	94,96,114 shares

Bids Received (Subscription)

JSW Infrastructure IPO subscribed 39.36x in total, whereas Plaza Wires IPO subscribed 160.97x.

	JSW Infrastructure IPO	Plaza Wires IPO
QIB (times)	60.12x	42.84x
NII (times)	16.83x	388.09x
Big NII (times)	17.94x	360.92x
Small NII (times)	14.62x	442.42x
RII (times)	10.87x	374.81x
Employee (times)
Other (times)
Total (times)	39.36x	160.97x

Compare with others

JSW Infrastructure IPO	Plaza Wires IPO
IRM Energy IPO	Cello World Limited IPO
Plaza Wires IPO	Mamaearth IPO
Updater Services IPO	Blue Jet Healthcare IPO
Valiant Laboratories IPO	Protean eGov Technologies IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	IRM Energy IPO
Sai Silks (Kalamandir) IPO	Updater Services IPO
Yatra Online IPO	Valiant Laboratories IPO
Zaggle Prepaid Ocean Services IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
R R Kabel IPO	JSW Infrastructure IPO
SAMHI Hotels IPO	Sai Silks (Kalamandir) IPO

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