Plaza Wires Limited (MAINBOARD)
Sep 29, 2023 - Oct 5, 2023
| Price | ₹51 - ₹54 |
| Premium | ₹26 |
|---|---|
| Lot size | 277 |
| Allotment | Oct 10, 2023 |
| Listing | Oct 12, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 277 | 14958 | 4765 |
| sHNI | 14 | 3878 | 209412 | 170 |
| bHNI | 67 | 18559 | 1002186 | 340 |
Last Updated as on 05-Oct-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 61,96,076 | 26,54,62,119 | 42.84 |
| HNIs | 19,80,023 | 76,84,14,343 | 388.08 |
| HNIs (10+L) | 13,20,015 | 47,64,15,624 | 360.92 |
| HNIs (2-10L) | 6,60,008 | 29,19,98,719 | 442.42 |
| Retail | 13,20,015 | 49,47,55,517 | 374.81 |
| Total | 94,96,114 | 1,52,86,31,979 | 160.97 |
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 IPO Details
| 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 Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 99.28 | 104.17 | 112.10 |
| Revenue | 145.60 | 176.94 | 182.60 |
| Profit | 4.24 | 5.95 | 7.51 |
| Net Worth | 39.48 | 45.52 | 53.08 |
| Reserves | 35.66 | 14.96 | 22.53 |
| Borrowing | 43.30 | 40.09 | 39.68 |
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/