Plaza Wires IPO Basis of Allotment

PLAZA WIRES LIMITED

Our Company was originally incorporated as ‘Navratna Wires Private Limited' asa private limited company under the provisions of the CompaniesAct, 1956, pursuant to a certificate of incorporation dated August 23,2006 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Pursuant toaspecial resolution passed by the shareholders of our Company at the extra-ordinary general meeting held on October 10,2007, the name of our Company was changed to Plaza General Cable Wire Private Limited and afresh certificate of incorporation dated October 26,2007 was issued to our Company by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Pursuant to a special resolution passed by the shareholders of our Company on December 26,2008, the name of our Company was changed to'Plaza Wires Private Limited', and afresh Certificate of Incorporation reflecting the new name was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana on February 06,2009. Thereafter, our Company was converted toa public limited company, pursuant toaspecial resolution passed by our shareholders on December 29,2021 and the name of our Company was changed to'Plaza Wires Limited'and afresh certificate of incorporation dated March 10,2022 was issued to our Company by the Registrar of Companies, Delhi. For details in relation to change in the address of the registered office of our Company, see ‘History and Certain Corporate Matters' on page 157 of the Prospectus dated October06,2023 ("Prospectus").

INITIAL PUBLIC OFFERING OF 132,00,158 EQUITY SHARES OF FACE VALUE OFRs. 10 EACH ("EQUITY SHARES") OF PLAZA WIRES LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 54 PER EQUITY SHARE (INCLUDING A PREMIUM OFRs. 44 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING UP TO Rs. 712.81 MILLION ("THE ISSUE"). THE ISSUE WILL CONSTITUTE 30.17 % OF OUR POST-ISSUE PAID-UP EQUITYSHARE CAPITAL.

1. Our success depends on our ability to build the Proposed Manufacturing Unit and expand our product portfolio, both of which are subject to risks and uncertainties.

2. We have not yet placed orders in relation to the capital expenditure to be incurred for the Proposed Manufacturing Unit. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the plant and machineries or complete the civil and related works etc. in a timely manner, or at all, the same may result in time and cost overruns.

3. Inadequate or interrupted supply and price fluctuation of our raw materials and packaging materials could adversely affect our business, results of operations, cashflows, profitability and financial condition.

4. We generate our significant portion of sales from our operations in certain geographical regions. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.

5. Working Capital Requirements: Our Company requires significant amounts of working capital and significant portion of our working capital is consumed in trade receivables and inventories. Our inability to meet our working capital requirements may have an adverse effect on our results of operations and overall business.

6. We may not be able to derive the desired benefits from our product development efforts. Commercialization and market development of new products and existing product particularly our FMEG products may take longer time than expected and/or may involve unforeseen business risks.

7. Weighted average cost of acquisition.floor price and cap price

There were no primary transactions and Secondary transactions of Equity Shares of the Company during the 3 years preceding the date of filing of the Red Herring Prospectus except by way of issue of bonus and transferofgifthence cost ofacquisition is nil.

8. Market Risk: The Issue Price, market capitalization to total income and price to earnings ratio based on the Issue Price of our Company may not be indicative of the market price of the Company on listing orthereafter.

1 Market capitalization has been computed as the product of number of shares outstanding assuming full subscription to Gross Offer with the floor price or cap price, as applicable

2 PIE Ratio has been computed based on the floor price or cap price, as applicable, divided by the diluted EPS for the financial year ended2023.

9. Weighted Average Return on Net Worth for Fiscals 2023, 2022 812021 is 13.23%.

10. Average cost of acquisition of Equity Shares held by the Promoters ranges from Rs.8.40 to Rs.38.32 per Equity Share and Issue Price at upper end of the Price Band is Rs.54 per Equity Share.

11. The BRLM associated with the Issue have handled 7 public issues in the past three Fiscal Years, none of issues closed below the Issue price on the listing date.

This Issue was being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations'). This Issue was being made through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Issue were allotted on a proportionate basis to Qualified Institutional Buyers ("QIBs') (the "QIB Portion'), provided that our Company in consultation with the BRLM allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion'). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares were added to the QIB Portion (other than the Anchor Investor Portion) (the "Net QIB Portion"). Further, 5% of the QIB Portion (excluding Anchor Investor Portion) (the "Net QIB Portion") shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not more than 15% of the Issue shall be available for allocation to Non-institutional Bidders, out of which a)one third of such portion shall be reserved for applicants with application size of more than Rs.0.2 million anduptoRs.1.0 million and (b) two-third of such portion shall be reserved for applicants with application size of more than Rs.1.0 million, provided that the unsubscribed portion in either of such subcategories may be allocated to applicants in the other sub-category of Non-institutional Bidders and not more than 10% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. If at least 75% of the Issue cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. All Bidders, other than Anchor Investors, are required to participate in the Issue by mandatorily utilising the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amounts were blocked by the Self Certified Syndicate Banks ("SCSBs") or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For further details, see ‘"Issue Procedure" on page 273 of the Prospectus.

The bidding for Anchor Investor opened and closed on September 27,2023. The Company received 2 applications from 2 Anchor Investors for 3,704,044 Equity Shares. The Anchor Investor Issue Price was finalized at Rs.54 per Equity Share. Atotalof3,704,044 Equity Shares were al located under the Anchor Investor Portion aggregating toRs.200,018,376.

The Issue received 15,27,654 applications for 1,53,60,96,852 Equity Shares resulting in 116.37 times subscription as disclosed in the Prospectus. The details of the applications received in the Issue from Retail Individual Bidders, Non-institutional Bidders, QIBs and Anchor Investors are as under (before technical rejections):

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/ lssue Closing Date at different Bid prices is asunder:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on October 10,2023.

A. Allotment to Retail Individual Bidders (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price ofRs.54 per Equity, was finalized in consultation with NSE. This category has been subscribed to the extent of 360.03694 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 1,319,905 Equity Shares to 4,765 successful applicants. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non-lnstitutional Bidders (more than Rs.2 lakhs and uptoRs.10 lakhs) (AfterTechnical Rejections) (including ASBAApplications)

The Basis of Allotment to the Non-institutional Bidders (more than Rs. 2 lakhs and upto Rs. 10 lakhs), who have bid at the Issue Price of Rs. 54 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 439,50231. The total number of Equity Shares allotted in this category is 660,091 Equity Shares to 170 successful applicants. The category-wise details of the Basis of Allotment are as under:

Please Note: 92 additional Shares shall be allotted to 9 Successful Allottees from Slno.2. to Slno.53. (i.e.excluding successful applicants from Slno 1.) in the ratio of 1:1

Please Note: 1 additional Share shall be allotted to 3 Allottees from amongst 9 Successful Allottees from Slno.2. to Slno. 53 (i.e. excluding successful applicants from Slno 1.) in the

ratio of 1:3

C. Allotment to Non-institutional Bidders (more than Rs.10 lakhs) (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Non-institutional Bidders (more than Rs. 10 lakhs), who have bid at the Issue Price of Rs. 54 per Equity Share or above, was finalized in consultation with NSE. This categoiy has been subscribed to the extent of 361.11794 times. The total number of Equity Shares allotted in this category is 1,319,905 Equity Shares to 340 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample)

Please Note :4 additional Shares shall be allotted to 340 Successful Allottees from all the Categories in the ratio of 1:1

Please Note :1 additional Share shall be allotted to 25 Allottees from amongst 340 SuccessfulAllottees from all the Categories in the ratio of5:68

D. Allotment to QIBs (After Technical Rejections)

Allotment to QIBs, who have bid at the Issue Price of Rs. 54 per Equity Share or above, has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of41.26103 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. Nil Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 6,196,213 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the QIB categoiy is 6,196,213 Equity Shares, which were allotted to 58 successful Applicants.

E. Allotment to Anchor Investors (After Technical Rejections)

The Company, the Investor Selling Shareholders in consultation with the BRLM, have allocated 3,704,044 Equity Shares to 2 Anchor Investors (through 2 Anchor Investor Application Forms) (including Nil domestic Mutual Funds through Nil schemes) at an Anchor Investor Issue Price at Rs. 54 per Equity Share in accordance with SEBI ICDR Regulations. This represents 37.41 % of the QIB portion.

The Board of Directors of our Company at its meeting held on October 10,2023 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The AllotmentAdvice Cum Refund Intimation and/or notices have been dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Issue Account on October 10,2023 and the payments to non-syndicate brokers have been issued on October 10,2023. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees have been uploaded on October 11,2023 for credit into the respective beneficiaiy accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE and BSE on October 11,2023. The Company has received the listing and trading approval from NSE & BSE, and trading will commence on October 12,2023.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

F. This is with reference to the Prospectus dated October 6,2023 filed with the Registrar of Companies, Delhi. Potential Bidders may note the following:

On page 305 of the Prospectus, items 3 and 4 underthe Material Documents shall be amended to reflect the coirect dates of fresh certificates of incorporation as follows:

"3.Fresh certificate of incorporation dated October 26,2007 issued consequent to change in name of the Company from "Navratna Wires Private Limited'to "Plaza General Cable Wire Private Limited".

4. Fresh certificate of incorporation dated Febmary 06,2009 issued consequent to change in name of the Company from "Plaza General Cable Wire Private Limited" to "Plaza Wires Private Limited"."

On page 306 of the Prospectus, item 13 underthe Material Documents shall be amended by deleting the reference Financial Year 2020 and addition of Financial Year 2022 and be modified as follows:

"13.Copies of annual reports for the last three Financial Years, i.e., Financial Years 2023,2022 and 2021."

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrarto the Issue, Kfin Technologies Limited at www.kfintech.com.

All future correspondence in this regard may kindly be addressed to the Registrarto the Issue quoting full name of the First/ Sole applicant, Serial number of the Bid cum Application form number, Bidders DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

	Kfin Technologies Limited
	Selenium Tower-B, Plot No.31 & 32, Gachibowli, Financial District, Nanakiamguda, Serilingampally, Hyderabad 500 032, Telangana.
	Tel: 40 6716 2222; Email: plazawires.ipo@lcfintech.com; Investor Grievance Email: einwant.ris@kfintech.com;
	Website: www.kfintech.com; Contact Person: M Murali Krishna; SEBI Registration Number: INR000000221

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF PLAZA WIRES LIMITED.

PLAZA WIRES LIMITED has filed the Prospectus with RoC on October 6,2023. The Prospectus is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Pantomath Capital Advisors Private Limited at www.pantomathgreup.com, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section titled "R/skFacfors"beginningonpage30oftheProspectus. Potential investors should not rely on the DRHP for making any investment decision.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold within the United States, except pursuant to exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accodingly, the Equity Shares are being offered and sold only outside the United States in offshore transactions in reliance on Regulation S underthe U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sale occur. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Applications may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. concept