PLAZA WIRES LIMITED
₹ 51 - ₹ 54
29-Sep-2023 - 05-Oct-2023
₹ 14958.00

/ 277 Shares

PLAZA WIRES LIMITED

29-Sep-2023 - 05-Oct-2023

₹ 51 - ₹ 54

Price Band

₹ 14958.00

Minimum Investment

277

Bid Lot

13,200,158

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 4,765 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of up to 13,200,158 Equity Shares

Category % Shares/Amount
QIB 75% 9,900,119 Shares Rs. 53.46 Cr
HNI 1 5% 660,008 Shares Rs. 3.56 Cr @ 170 Form 1x
HNI 2 10% 1,320,015 Shares Rs. 7.13 Cr @ 340 Form 1x
Retail 10% 1,320,016 Shares Rs. 7.13 Cr @ 4765 Form 1x

BRLMs: Pantomath Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
4765 Form 1x 170 Form 1x 340 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 277 ₹ 14,958
Retail (Upto 2 Lakh) 13 3601 ₹ 194,454
S-HNI (2 Lakh to 10 Lakh) 14 3878 ₹ 209,412
S-HNI (2 Lakh to 10 Lakh) 66 18282 ₹ 987,228
B-HNI (Above 10 Lakh) 67 18559 ₹ 1,002,186

IPO Timeline

  • Open Date

    29-Sep-2023

  • Close Date

    05-Oct-2023

  • Basis of Allotment Date

    09-Oct-2023

  • Initiation of Refunds

    10-Oct-2023

  • Credit Shares to Demat A/c

    11-Oct-2023

  • IPO Listing Date

    12-Oct-2023

Subscription as on
05-Oct-2023 16:48

Category Book Size Subscription No. of Times
QIB 3,960,048 ₹ 21.38 Cr. 265,462,119 ₹ 1433.50 Cr. 67.04x
HNI (<10 LAKH) 660,008 ₹ 3.56 Cr. 291,818,392 ₹ 1575.82 Cr. 442.14x
HNI2 (>10 LAKH) 1,320,015 ₹ 7.13 Cr. 476,415,624 ₹ 2572.64 Cr. 360.92x
RETAIL 1,320,016 ₹ 7.13 Cr. 492,925,101 ₹ 2661.80 Cr. 373.42x
Total 7,260,087 1,526,621,236 210.28x
Category Book Size Subscription No. of Times
QIB 3,960,048 ₹ 21.38 Cr. 265,462,119 ₹ 1433.50 Cr. 67.04x
HNI (<10 LAKH) 660,008 ₹ 3.56 Cr. 291,818,392 ₹ 1575.82 Cr. 442.14x
HNI2 (>10 LAKH) 1,320,015 ₹ 7.13 Cr. 476,415,624 ₹ 2572.64 Cr. 360.92x
RETAIL 1,320,016 ₹ 7.13 Cr. 492,925,101 ₹ 2661.80 Cr. 373.42x
Total 7,260,087 1,526,621,236 210.28x

*Excluding Anchor

Total No. of Application Approx : ~1758773 (369.10 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Plaza Wires Limited (“Plaza Wires”) was incorporated on August 23, 2006. Plaza Wires is engaged in the business of manufacturing and selling of wires and selling and marketing of LT aluminium cables and fastmoving electrical goods (“FMEG”) under the flagship brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG”.  
  • Plaza wires is one of the growing manufacturers in the wires and cables industry in northern region in India and provide extensive range of wires and cables. Their product mix comprises different type of wires and cables, and FMEG such as electric fans, water heaters, switches and switchgears, PVC insulated electrical tape and PVC conduit pipe & accessories. 
  • Company’s key products in the wires and cables segment are building wires also known as house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. Company’s products are compliant with various quality standards including ‘BIS’ and ‘QCL’ Certification. 
  • As part of after sales service for electric fans, they have tie ups with 20+ service centres in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu. In 2021, they expanded their product portfolio by launching miniature circuit breakers and distribution board (DB) in the north and south India region. 
  • Their business model includes Dealer & distribution network to sell and promote their products, including sales through C&F agents.  Securing government tenders for supply to government projects and Direct sales to infrastructure projects. 
  • They have over 1,249 authorized dealers and distributors pan India and C&F agent in1 state, viz. Punjab for the period ended on March 31, 2023. 
  • Company’s existing Manufacturing Unit is located at Baddi, Himachal Pradesh. Currently they have installed production capacity of 12,00,000 coils p.a. Company’s current unit is accredited with ISO 9001:2015 (Quality Management System) and ISO 14001:2015 (Environment Management System) certifications.
  • The company is in the process of expanding their manufacturing capacities for existing products and also intends to add manufacturing capacities for new product line. The new facility is proposed to have additional installed capacity of 8,37,000 coils p.a. and 8,700 km cables p.a.
Read More

Strengths

Competitive Strength 

  • Product portfolio focused on various customer segments and markets;
  • Distribution network;
  • Management and dedicated employee base.

Business Strategies 

  • Setting up the Proposed Manufacturing Unit to widen the product portfolio and increase the capacity;
  • Enhance the position in Wires and Cables Industry;
  • Expand the dealer network in existing markets and enter new geographical markets;
  • Strengthen the brand value;
  • Maintain and expand valued relationships with the dealers and distributors;
  • To use technology to further optimise the sales & marketing operations.

Company Promoters

Company Financials

Plaza Wires IPO Financial Information (Restated)
Period Ended 31 Mar 2021 31 Mar 2022 31 Mar 2023
Assets 99.28 104.17 112.10
Revenue 145.60 176.94 182.60
Profit After Tax 4.24 5.95 7.51
Net Worth 39.48 45.52 53.08
Reserves and Surplus 35.66 14.96 22.53
Total Borrowing 43.30 40.09 39.68

Amount in ? Crore

Objects of the Issue

  1. 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.
  2. Funding the working capital requirements of the company.
  3. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment