Plaza Wires IPO Details: The scheduled date for Plaza Wires IPO has been confirmed. The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹71.28 crores through this IPO. This sum includes a fresh issue of ₹71.28 crores via 13200158 shares, each valued at ₹10. The retail quota is 10%, while QIB is 75% and HNI is 15%.
What is Plaza Wires IPO?
Plaza Wires is a Delhi-based company that manufactures and sells wires, cables, and lighting products. The company has a presence in over 20 states in India and exports its products to over 10 countries.
Plaza Wires is planning to raise ₹71.28 crores through its IPO, which is open from September 29 to October 4, 2023. The IPO price band is fixed at ₹51 to ₹54 per share. The minimum lot size for an application is 277 shares.
The company plans to use the proceeds of the IPO to fund its expansion plans, including setting up a new manufacturing unit, and to meet its working capital requirements.
Objectives of Plaza Wires IPO
The objectives of the Plaza Wires IPO are as follows:
- To fund the company’s expansion plans, including setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminium cables and solar cables.
- To meet the company’s working capital requirements.
Plaza Wires IPO Date & Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 4, 2023 |
| IPO Size: | Approx ₹71.28 Crores |
| Fresh Issue: | Approx 13,200,158 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹51 to ₹54 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Plaza Wires IPO Market Lot
The Plaza Wires IPO minimum market lot is 277 shares with ₹14,958 application amount. The retail investors can apply up-to 13 lots with 3601 shares or ₹194,454 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 277 | ₹14,958 |
| Retail Maximum | 13 | 3601 | ₹194,454 |
| S-HNI Minimum | 14 | 3878 | ₹209,412 |
| S-HNI Maximum | 66 | 18,282 | ₹987,228 |
| B-HNI Minimum | 67 | 18,559 | ₹1,002,186 |
Plaza Wires IPO Allotment & Listing Dates
The Plaza Wires IPO date is September 29 and the close date is October 4. The Plaza Wires IPO allotment will be finalized on October 9 and the IPO listing on October 12.
| Anchor Investors Allotment: | September 27, 2023 |
| IPO Open Date: | September 29, 2023 |
| IPO Close Date: | October 4, 2023 |
| Basis of Allotment: | October 9, 2023 |
| Refunds: | October 10, 2023 |
| Credit to Demat Account: | October 11, 2023 |
| IPO Listing Date: | October 12, 2023 |
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Plaza Wires IPO Subscription Status
For the latest update on the Plaza Wires IPO, you can check this dedicated page for IPO subscription status.
Plaza Wires IPO Allotment Status
For the latest update on the Plaza Wires IPO, you can check this dedicated page for IPO allotment status.
Plaza Wires IPO Forms
For IPO form for the Plaza Wires IPO, you can check this dedicated page for IPO Forms.
Plaza Wires Company Financials
According to the Plaza Wires IPO prospectus, the company’s financials for the past three years are as follows:
| Financial Year | Revenue (₹ crores) | Profit After Tax (₹ crores) |
|---|---|---|
| 2022-23 | 119.45 | 11.87 |
| 2021-22 | 85.12 | 8.51 |
| 2020-21 | 36.23 | 2.62 |
As you can see, the company’s revenue and profit have grown steadily over the past three years. This is a good sign for investors, as it suggests that the company is well-managed and has a strong business model.
The company’s financials also show that it is profitable and has a healthy balance sheet. The company’s debt-to-equity ratio is 0.45, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the Plaza Wires Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Plaza Wires IPO Pros & Cons
Pros:
- Growing company with a strong track record
- Experienced management team
- Well-positioned to benefit from the growing demand for wires, cables, and lighting products in India
- Reasonable valuation
Cons:
- Small company with limited market share
- Competitive landscape
- IPO proceeds may not be sufficient to fund all of the company’s growth plans
Company Promoters
- Mr. Sanjay Gupta
- Mrs. Sonia Gupta
Plaza Wires IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Address
Plaza Wires Limited
A-74 Okhla Industrial Area,
Phase-2 New Delhi
South Delhi – 110020
Phone: 011-66369696
Email: compliance@plazawires.in
Website: https://www.plazawires.in/
Plaza Wires IPO FAQs
The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹71.28 crores through this IPO. This sum includes a fresh issue of ₹71.28 crores via 13200158 shares, each valued at ₹10.
The IPO will open on 29th September 2023.
There are two ways to apply for the Plaza Wires IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Plaza Wires IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Plaza Wires IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Plaza Wires IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the Plaza Wires IPO is 277 shares. This means that you must apply for at least 277 shares. The price of each share is between ₹51 and ₹54.
Here are some additional tips for applying for IPOs:
Apply for IPOs as early as possible. IPOs are often oversubscribed, which means that there are more applications than shares available. If you apply early, you are more likely to get an allotment of shares.
Be sure to block the required amount in your bank account before applying for the IPO. If you do not have enough funds in your account, your application will be rejected.
Check the IPO status regularly. The IPO status will tell you whether your application has been accepted, rejected, or partially allotted.
Plaza Wires IPO size is ₹71.28 crores.
Plaza Wires IPO Price Band is ₹51 to ₹54.
Plaza Wires IPO allotment date is October 9, 2023.
Plaza Wires IPO listing date is October 12, 2023. The IPO is to list on BSE and NSE.