Plaza Wires Limited
Mainboard₹14,958 / 277 Shares
Plaza Wires Limited IPO Details
The Plaza Wires Limited IPO price band is set between ₹51-54 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 29 Sep, 2023 and closes on 5 Oct, 2023. Investors can check the allotment status on 10 Oct, 2023, while the listing date is tentatively scheduled for 12 Oct, 2023.
The total issue size is 13,200,158 shares, aggregating up to ₹71.28 Cr. Stay tuned for the latest Plaza Wires Limited IPO review and GMP updates.
Plaza Wires Limited IPO Review, Rating & Analysis
Plaza Wires Limited IPO Review
NO REVIEWPlaza Wires Limited IPO Rating
Plaza Wires Limited IPO Highlights
IPO Date
Sep 29, 2023 - Oct 5, 2023
Listing Date
12 Oct, 2023
Face Value
₹10 Per Equity Share
Price Band
₹51-54 per equity share
Lot Size
277 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Plaza Wires Limited IPO Lot Size
The minimum market lot for Plaza Wires Limited IPO is 277 shares with an application amount of ₹14,958. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3601 | ₹1,94,454 |
| S-HNI (Min) | 14 | 3878 | ₹2,09,412 |
| S-HNI (Max) | 66 | 18282 | ₹9,87,228 |
| B-HNI (Min) | 67 | 18559 | ₹10,02,186 |
Plaza Wires Limited IPO Timeline
Issue Price
₹51-54 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Pantomath Capital Advisors Pvt LtdIssue Size
13,200,158 shares(aggregating up to ₹71.28 Cr)Plaza Wires Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 112.10 | 182.60 | 7.51 | - | - | - |
| 31 Mar 22 | 104.17 | 176.94 | 5.95 | - | - | - |
| 31 Mar 21 | 99.28 | 145.60 | 4.24 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Sanjay Gupta
- Mrs. Sonia Gupta
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 69.83% |
About Company
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 IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,196,076 | 1,980,023 1,320,015 660,008 | 1,320,015 | 13,200,158 |
Day 1 -29-09-23 05:00 PM | 0.00 x | 4.80 0.xx x 0.xx x | 27.28 x | 4.80 x |
Day 2 -03-10-23 05:00 PM | 0.42 x | 53.26 0.xx x 0.xx x | 119.85 x | 28.04 x |
Day 3 -04-10-23 05:00 PM | 5.79 x | 132.79 101.58 x 195.22 x | 224.51 x | 62.67 x |
Day 4 -05-10-23 05:00 PM | 42.84 x | 388.10 360.92 x 442.48 x | 374.81 x | 160.98 x |
Frequently Asked Questions about Plaza Wires Limited IPO
When will Plaza Wires Limited IPO open for subscription?
The Plaza Wires Limited IPO opens on 29 Sep, 2023 and closes on 5 Oct, 2023.
What is the investors portion for Plaza Wires Limited IPO?
The investors' portion for QIB is 42.84 x, NII is 360.92 x, and Retail is 374.81 x.
How to apply for Plaza Wires Limited IPO?
You can apply for Plaza Wires Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Plaza Wires Limited IPO?
The issue size of Plaza Wires Limited IPO is approx ₹13,200,158 shares(aggregating up to ₹71.28 Cr) crores.
What is the price band of Plaza Wires Limited IPO?
The price band for Plaza Wires Limited IPO is ₹51 to ₹54 per equity share.
What is the lot size of Plaza Wires Limited IPO?
The minimum bid (lot size) for Plaza Wires Limited IPO is N/A shares with an investment of approx ₹14,958 .
What is the allotment date of Plaza Wires Limited IPO?
The allotment date for Plaza Wires Limited IPO is 10 Oct, 2023.
What is the listing date of Plaza Wires Limited IPO?
The listing date for Plaza Wires Limited IPO is expected to be 12 Oct, 2023.
What is the GMP of Plaza Wires Limited IPO?
The latest Grey Market Premium (GMP) for Plaza Wires Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.