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Plaza Wires IPO is a book built issue of Rs 71.28 crores. The issue is entirely a fresh issue of 1.32 crore shares.
Plaza Wires IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for Plaza Wires IPO was finalized on Monday, October 9, 2023. The shares got listed on BSE, NSE on October 12, 2023.
Plaza Wires IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 277 Shares. The minimum amount of investment required by retail investors is ₹14,958. The minimum lot size investment for sNII is 14 lots (3,878 shares), amounting to ₹209,412, and for bNII, it is 67 lots (18,559 shares), amounting to ₹1,002,186.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Plaza Wires IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Plaza Wires IPO RHP for detailed information.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 12, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 277 Shares |
| Total Issue Size | 13,200,158 shares (aggregating up to ₹71.28 Cr) |
| Fresh Issue | 13,200,158 shares (aggregating up to ₹71.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 30,551,920 |
| Share holding post issue | 43,752,078 |
Plaza Wires IPO offers 13,200,158 shares. 6,196,076 (46.94%) to QIB, 1,980,023 (15.00%) to NII, 1,320,015 (10.00%) to RII 3,704,044 (28.06%) to Anchor investors. 4,765 RIIs will receive minimum 277 shares and 170 (sNII) and 340 (bNII) will receive minimum 3,878 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,704,044 (28.06%) | NA |
| QIB Shares Offered | 6,196,076 (46.94%) | NA |
| NII (HNI) Shares Offered | 1,980,023 (15.00%) | |
| bNII > ₹10L | 1,320,015 (10.00%) | 340 |
| sNII < ₹10L | 660,008 (5.00%) | 170 |
| Retail Shares Offered | 1,320,015 (10.00%) | 4,765 |
| Total Shares Offered | 13,200,158 (100%) |
Plaza Wires IPO raises Rs 20.00 crore from anchor investors. Plaza Wires IPO Anchor bid date is September 27, 2023. Plaza Wires IPO Anchor Investors list
| Bid Date | September 27, 2023 |
| Shares Offered | 3,704,044 |
| Anchor Portion Size (In Cr.) | 20.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 7, 2024 |
Plaza Wires IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Thursday, October 5, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Wednesday, October 11, 2023 |
| Credit of Shares to Demat | Thursday, October 12, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2023 |
Investors can bid for a minimum of 277 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3601 | ₹194,454 |
| S-HNI (Min) | 14 | 3,878 | ₹209,412 |
| S-HNI (Max) | 66 | 18,282 | ₹987,228 |
| B-HNI (Min) | 67 | 18,559 | ₹1,002,186 |
| Lot Size Calculator | |||
Mr. Sanjay Gupta and Mrs. Sonia Gupta are the company's promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.83% |
Incorporated in 2006, Plaza Wires Limited is engaged in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fastmoving electrical goods (FMEG) under its flagship brand "PLAZA CABLES" and home brands such as "Action Wires" and "PCG".
Plaza Wires was originally incorporated as Navratna Wires. Its key products in the wires and cables segment include house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. The company also provides other wires and cable products such as LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, close circuit television cables and solar cables, PVC insulated tape, and PVC conduit pipe & accessories, through third-party manufacturers.
As part of after-sales service for electric fans, the company has tied up with more than 20 service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana and Tamil Nadu. In 2021, Plaza Wires expanded its product portfolio by launching miniature circuit breakers and distribution boards (DB) in the north and south Indian regions.
As of March 31, 2023, the company has over 1249 authorized dealers and distributors, 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, 1 branch office cum godown at Maharashtra, 4 warehouses in Uttar Pradesh, Assam, Kerala and Delhi, and C&F agent in 1 state, viz. Punjab.
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 | |||
The market capitalization of Plaza Wires IPO is Rs 236.26 Cr.
| KPI | Values |
|---|---|
| ROE | 14.15% |
| ROCE | 15.57% |
| Debt/Equity | 0.75 |
| RoNW | 14.16% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.46 | |
| P/E (x) | 21.95 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
The Plaza Wires IPO is subscribed 160.97 times on October 5, 2023 7:02:00 PM. The public issue subscribed 374.81 times in the retail category, 42.84 times in the QIB category, and 388.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 42.84 |
| NII | 388.09 |
| bNII (bids above ₹10L) | 360.92 |
| sNII (bids below ₹10L) | 442.42 |
| Retail | 374.81 |
| Total | 160.97 |
Total Application : 1,811,954 (380.26 times)
| Listing Date | October 12, 2023 |
| BSE Script Code | 544003 |
| NSE Symbol | PLAZACABLE |
| ISIN | INE0INJ01017 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹54.00 |
| ₹84.00 |
| ₹75.00 |
| ₹84.00 |
| ₹80.23 |
| NSE |
|---|
| ₹54.00 |
| ₹76.00 |
| ₹75.70 |
| ₹80.20 |
| ₹80.20 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Plaza Wires IPO is a main-board IPO of 13,200,158 equity shares of the face value of ₹10 aggregating up to ₹71.28 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 277 Shares.
The IPO opens on September 29, 2023, and closes on October 5, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Plaza Wires IPO using UPI as a payment gateway. Zerodha customers can apply in Plaza Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Plaza Wires IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Plaza Wires IPO opens on September 29, 2023 and closes on October 5, 2023.
Plaza Wires IPO lot size is 277 Shares, and the minimum amount required is ₹14,958.
You can apply in Plaza Wires IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Plaza Wires IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Thursday, October 12, 2023. Check the Plaza Wires IPO allotment status.
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