Plaza Wires IPO Details
Issue Date
--
Price Range
₹54
Lot Size
277
IPO Size
₹71.28 Cr
Plaza Wires IPO Listing Details
Listing On
12 Oct'23
Issue Price
--
Listed Price
₹ 76
Retail Gain/Listing Gain
▲40.74%
Schedule of Plaza Wires IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
12/10/2023
Company Background
Plaza Wires Limited is in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fast-moving electrical goods (FMEG) under its flagship brand “Plaza Cables” and home brands such as “Action Wires” and “PCG.”
The business commenced with a vision to create a niche in the domestic wire and cable industry with an approach to provide quantitative and qualitative products at competitive prices to customers, from various socio-economic backgrounds.
According to the Resurgent India Research Report, they are one of the growing manufacturers in the wires and cables industry in the northern region of India, and they provide an extensive range of wires and cables. Their product mix comprises different types of wires and cables, as well as FMEG such as electric fans, water heaters, switches and switchgears, PVC insulated electrical tape, and PVC conduit pipe & accessories. According to Resurgent India Limited, the wires and cables industry in India, in value terms, has grown at a CAGR of approximately 13.68% in the last five years, reaching Rs. 788.00 billion in Fiscal 2021. Resurgent India Limited expects the wires and cables industry in India to expand at a CAGR of approximately 14.50% in value terms, reaching approximately Rs. 1,550.00 billion by Fiscal 2026.
In fiscals 2023, 2022 and 2021, the company’s EBITDA was Rs. 156.99, Rs. 131.87 and Rs. 108.62 respectively (In Rupees million). Of which, the EBITDA percentage was 8.60%, 7.46% and 7.47% for the same fiscals.
With that, let's take a look at the competitive strengths and risk factors for Plaza Wires Limited:
Competitive Strengths
Strong distribution network
Product portfolio focused on various customer segments and markets
Risk Factors
- The company’s success depends on building the proposed manufacturing unit and expanding its product portfolio.
- Inadequate or interrupted supply and price fluctuation of raw materials and packaging materials could adversely affect the business.
Key Strategies
- Set up the proposed manufacturing unit to widen the product portfolio and increase capacity.
- Strengthen the company’s brand value.
- Expand their dealer network in existing markets and enter new geographical markets.
Key Financials
Here are the key financials for Plaza Wires Limited
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
Plaza Wires IPO FAQs
The Plaza Wires IPO opens for subscription from [-] to [-], with a total issue size of ₹71.28 Cr. The IPO price band is ₹54 to ₹0 per share with a lot size of 277. The company aims to list the shares on BSE & NSE on 12-10-2023.
The Plaza Wires IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Plaza Wires IPO is 277 equity shares, requiring a minimum investment of ₹14958 for retail investors applying in the IPO.
The price band of the Plaza Wires IPO has been fixed at ₹54 to ₹0 per equity share.
You can apply for the Plaza Wires IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Plaza Wires IPO allotment will take place on [-].
You can check the Plaza Wires IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Plaza Wires shares will list on the stock exchanges on 12-10-2023.
The Plaza Wires Limited IPO has an issue size of Rs. 71.28 crores. The IPO opens for subscription on 29th September and closes on 4th October 2023.
KFin Technologies Limited is the registrar for this IPO.
You may read more about Plaza Wires Limited and its IPO from the company’s red herring prospectus (RHP) here:
Trending IPOs
23 Apr - 27 Apr'26 | |||||||||
27 Apr - 29 Apr'26 | |||||||||
To be announced | |||||||||
To be announced | |||||||||
To be announced | |||||||||
Trending IPOs
23 Apr - 27 Apr'26 | |||||||||
27 Apr - 29 Apr'26 | |||||||||
To be announced | |||||||||
To be announced | |||||||||
To be announced | |||||||||