Plaza Wires Limited IPO
MainboardCables - Electricals
Listed On: Oct 12, 2023 at ₹ 76.0(NSE)
₹ 14958 /277 Shares
Check Allotment29 Sep, 2023
Open Date05 Oct, 2023
Close Date10 Oct, 2023
Allotment Date12 Oct, 2023
Listing DatePrice Summary
Last Closing
40.30 (-25.37%)52 Week High
85.9952 Week Low
38.11Last Update
19-Dec-2025 3:30 PMPlaza Wires Limited IPO Issue Details
- Issue Price ₹51-54 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 13,200,158 shares(aggregating up to ₹71.28 Cr)
- Listing at BSE, NSE
- List Price 76.0(NSE)
- Listing Date 2023-10-12
- Lead Manager Pantomath Capital Advisors Pvt Ltd
- Registrar Kfin Technologies Limited
Plaza Wires Limited IPO Details
-
Retail Portion
10% (Number of Retail Applications: 4,765 Approx),
(Number of S-HNI Applications : 170 Approx),
(Number of B-HNI Applications : 340 Approx)
Plaza Wires Limited IPO Details
The IPO of Plaza Wires Limited is priced at ₹51-54 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 29, 2023 and ends on Oct 5, 2023. The allotment for Plaza Wires Limited IPO will be finalized on Oct 10, 2023. Plaza Wires Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 12, 2023. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Pantomath Capital Advisors Pvt Ltd.
The Plaza Wires Limited IPO sets its price band at 51-54 for each share. A single application for Plaza Wires Limited IPO must contain at least 277 shares.
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Plaza Wires Limited IPO Subscription Analysis And 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 |
Plaza Wires Limited Valuations
Plaza Wires Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 112.10 | 104.17 | 99.28 |
| Revenue | 182.60 | 176.94 | 145.60 |
| Profit After Tax | 7.51 | 5.95 | 4.24 |
About Plaza Wires Limited 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 - Promoter(s)
Mr. Sanjay Gupta
Mrs. Sonia Gupta
Pre Issue Share Holding : 100%
Post Issue Share Holding : 69.83%
Plaza Wires Limited IPO - Issue Objectives
Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio.
Funding the working capital requirements of the company.
General corporate purposes.
Plaza Wires Limited IPO - Anchor Investors
Plaza Wires mops up Rs 20 crore from anchor investors ahead of IPO.
Two anchor investors participated in the anchor book, a part of the qualified institutional buyers (QIB) component. Chanakya Opportunities Fund I and Astrone Capital UCC-Arven bought 18.52 lakh equity shares each in the company at Rs 54 per share.
Plaza Wires Limited IPO - FAQs
Ans. Plaza Wires Limited IPO is a Mainboard IPO. The issue is priced at ₹51-54 per equity share. The minimum order quantity is 277 Shares. The IPO opens on Sep 29, 2023, and closes on Oct 5, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Plaza Wires Limited IPO opens on Sep 29, 2023 and closes on Oct 5, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Plaza Wires Limited IPO is 13,200,158 shares(aggregating up to ₹71.28 Cr).
Ans. The Plaza Wires Limited IPO price band is set between ₹51-54 per equity share.
Ans. To apply for Plaza Wires Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Plaza Wires Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Plaza Wires Limited IPO is Oct 10, 2023.
Ans. The Plaza Wires Limited IPO will be listed on Oct 12, 2023.
Ans. Follow the steps to check the Plaza Wires Limited IPO allotment status online.
