Plaza Wires Ltd
Price Range
₹51 - ₹54
Min. Quantity
277
Closes on
5 October 2023
Min. investment
₹14,958/3,601 Shares
Plaza Wires Ltd IPO Timeline
Plaza Wires Limited was originally incorporated as Navratna Wires Private Limited' on August 23, 2006 by the RoC, Delhi and Haryana. The Company converted to Plaza General Cable Wire Private Limited on October 26, 2007. Pursuant to a Special Resolution passed by Shareholders of Company, again name of the Company was changed to Plaza Wires Private Limited' on February 06, 2009. Thereafter, Company converted into a Public Company and its name changed to Plaza Wires Limited' vide a fresh Certificate of Incorporation on March 10, 2022.
| Event | Date |
|---|---|
| Plaza Wires Ltd IPO Opening Date | 29 September 2023 |
| Plaza Wires Ltd IPO Closing Date | 5 October 2023 |
| Basis of Allotment | 10 October 2023 |
| Initiation of Refunds | 11 October 2023 |
| Credit of Shares to Demat | 12 October 2023 |
| Plaza Wires Ltd IPO Listing Date | 12 October 2023 |
Plaza Wires Ltd IPO Details
| Plaza Wires Ltd IPO Date | 29 September 2023 to 5 October 2023 |
| Plaza Wires Ltd IPO Face Value | ₹10 per share |
| Plaza Wires Ltd IPO Price | ₹51 to ₹54 per share |
| Plaza Wires Ltd IPO Lot Size | 277 |
| Issue Size | Shares of ₹10 (aggregating up to ₹71.28 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹71.28 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 61,96,076 of the Net Offer |
| Retail Shares Offered | Not less than 13,20,015 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 19,80,023 of the Net Offer |
| Company Promoters | Sanjay Gupta, Sonia Gupta |
Plaza Wires Ltd IPO Lot Size
The Plaza Wires Ltd IPO lot size is 277 shares. A retail-individual investor can apply for up to 13 lots (3,601 shares or ₹1,94,454).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 277 | ₹14,958 |
| Maximum | 13 | 3,601 | ₹1,94,454 |
- Strengths
- Risks
- Opportunities
- Product portfolio focused on various customer segments and markets.
- The Company's distribution network.
- Its management and dedicated employee base.
Company Financials
Plaza Wires Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 172.77 | 199.91 | 3.68 |
| 03-2023 | 112.1 | 182.59 | 7.30 |
| 03-2022 | 104.17 | 176.94 | 5.95 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure towards setting up of proposed manufacturing unit for house wires, fire-resistant wire & cables, aluminum cables and solar cables to expand the product portfolio
- Funding the working capital requirements of the company
- General corporate purposes
Plaza Wires Ltd IPO Promoter Holding
| Pre Issue Share Holding | 51.95% |
| Post Issue Share Holding | 36.28% |
Plaza Wires Ltd IPO Subscription Status (Bidding Detail)
The Plaza Wires Ltd IPO is subscribed 160.97 times on 5 October 2023 05:00:00 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 | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 42.84 | 388.09 | 374.81 | - | 160.97 |
Plaza Wires Ltd IPO Prospectus
Plaza Wires Ltd IPO Listing Date
| Listing Date | 12 October 2023 |
| BSE Script | 544003 |
| NSE Symbol | PLAZACABLE |
| Listing In | BSE, NSE |
| ISIN | INE0INJ01017 |
| IPO Price | ₹54 |
| Face Value | ₹10 |
Company Contact Information
A-74 Okhla Industrial AreaPhase-2,New Delhi-110020
Phone: 91-11-66369696
Email: compliance@plazawires.in
Website: www.plazawires.in
Plaza Wires Ltd IPO Registrar
Plaza Wires Ltd IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
FAQ
What is the issue size of Plaza Wires Ltd IPO?
I have pre-applied for Plaza Wires Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.