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September 29, 2023 - October 5, 2023

Plaza Wires IPO Review & Recommendations

Asit C. Mehta Investment Intermediates Ltd and Dilip Davda have given "Apply" recommendation to Plaza Wires IPO. Capital Market has given "May Apply" recommendation to Plaza Wires IPO. Axis Capital has "Not Rated" the IPO.

Plaza Wires IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 2 1 0 0 1
% 50.00 25.00 0.00 0.00 25.00

Plaza Wires IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Asit C. Mehta Investment Intermediates LtdExternal link Apply
Axis CapitalExternal link Not Rated
Capital MarketExternal link May Apply
Dilip Davda Apply

Plaza Wires IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Plaza Wires IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer Rating Score Rating
Capital Market 45 May subscribe

Plaza Wires IPO Review by Dilip Davda (Apply)

[Dilip Davda]  The company is operating in a highly competitive segment with many big players around. It marked steady growth in its top and bottom lines for the reported periods, the issue appears fully priced based on its FY23 earnings. Considering its expansion plans, investors may park funds for the medium to long-term rewards. Read detail review...

Plaza Wires IPO Peer Comparison

Plaza Wires Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company NameEPS (Rs)NAV (per share) (Rs)P/E (x)RoNW (%)
EPS BasicEPS Diluted
Plaza Wires Limited2.462.4617.3721.9514.16
Cords Cable Industries Ltd5.525.52123.1516.654.53
Ultracab (India) Ltd0.610.613.3524.1824.30
V-Marc India Limited4.584.5834.9725.5513.11
Dynamic Cables Limited14.0914.0980.6032.2217.48
Paramount Communications Limited2.402.4015.2023.7516.19

Notes:

  1. All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the filings made with stock exchanges, available on www.bseindia.com and www.nseindia.com for the Financial Year ending March 31, 2023.
  2. Source for Plaza Wires Limited: Based on the Restated Financial Statements for the year ended March 31, 2023.
  3. P/E Ratio shall be computed at the Issue Price.
  4. Considering the nature and size of the business of the Company, the peers are not strictly comparable. However, the above Companies have been included for broad comparison.
  5. The P/E Ratio has been computed based on the closing market price of equity shares on August 28, 2023, divided by the diluted EPS.
  6. RoNW is computed as net profit after tax attributable to equity shareholders divided by Net Worth as of March 31, 2023.
  7. NAV is computed as the closing Net Worth divided by the closing outstanding number of equity shares.

Plaza Wires IPO Review by Members

Plaza Wires IPO Reviews, analysis and views by popular members. Read Plaza Wires Limited IPO reviews by retail investors to find recommended ipo to buy.

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Plaza Wires IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 3 0 2 0
% 60.00 0.00 40.00 0.00
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Member Review
Crow
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)

Neutral

Small issue, small business, very low chance of allotment. No recommendation.

October 3, 2023 8:56:46 PM
ROCKY BHAI KGF

Neutral

Plaza wire website has been hacked by hackers, which is a big red flag of privacy of company please re-evaluate one again.

October 2, 2023 2:14:16 PM
B.M.SURANA
IPO Guru IPO Guru (2600 Posts, 4800+ Likes)

Apply for Long Term at Upper Price Band

Thik thak hai Grey market ke hisab se apply kar sakte hai

I Like It. 1

October 1, 2023 10:32:43 AM
Sanny soni

Apply for Listing Gain at Upper Price Band

Highly recommended but issue size not big and it should be over subscribed so only few persons will get an allocation..

September 29, 2023 5:22:58 PM
DP Garg

Apply for Listing Gain at Cut-off Price

Average Company but considering the listing gains of RK Kables which had was listed at about 47% premium , Plaza wires has a very low offer price

September 25, 2023 11:26:56 AM

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