{"id":5107,"date":"2023-09-25T17:44:02","date_gmt":"2023-09-25T12:14:02","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5107"},"modified":"2023-09-25T17:44:07","modified_gmt":"2023-09-25T12:14:07","slug":"plaza-wires-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/plaza-wires-ipo\/","title":{"rendered":"Plaza Wires IPO Details - Complete Overview of Plaza Wires Limited IPO"},"content":{"rendered":"\n

Plaza Wires<\/strong><\/strong> IPO Price: <\/strong>\u20b951 to \u20b954 per share
IPO Date Range:<\/strong> Sep 29, 2023 - Oct 04, 2023<\/p>\n\n\n\n

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\"Plaza<\/figure>\n<\/div><\/div>\n\n\n\n
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Foundation & Business Essence:<\/h2>\n\n\n\n

Plaza Wires Limited was incorporated in the year 2006. The company specializes in the manufacturing and selling of wires. Additionally, it markets and sells LT aluminium cables and fast-moving electrical goods (FMEG) under its flagship brand \"PLAZA CABLES\" and other home brands such as \"Action Wires\" and \"PCG\".<\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Portfolio:<\/h2>\n\n\n\n

Plaza Wires offers a diverse range of products in the wires and cables segment. This includes house wires, single & multicore round flexible industrial cables, and industrial cables for submersible pumps & motors up to 1.1kv grade.<\/p>\n\n\n\n

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. Additionally, they offer PVC insulated tape and PVC conduit pipe & accessories, which third-party manufacturers produce.<\/p>\n\n\n\n

Expansion and Services:<\/strong><\/h2>\n\n\n\n

In 2021, Plaza Wires expanded its product range by introducing miniature circuit breakers and distribution boards (DB) in India's northern and southern regions. The company also provides after-sales service for electric fans and has collaborations with over 20 service centres across various states in India.<\/p>\n\n\n\n

Network and Presence:<\/h2>\n\n\n\n

As of March 31, 2023, Plaza Wires has a strong network with over 1249 authorized dealers and distributors. They have 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, and 1 branch office cum godown in Maharashtra. The company also operates 4 warehouses in Uttar Pradesh, Assam, Kerala, and Delhi and has a C&F agent in Punjab.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
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DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
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SECONDS<\/div><\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Plaza Wires IPO Specifics:<\/h2>\n\n\n\n
IPO Date<\/td>September 29, 2023 to October 4, 2023<\/td><\/tr>
Listing Date<\/td>Thursday, October 12, 2023<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Price Band<\/td>\u20b951 to \u20b954 per share<\/td><\/tr>
Lot Size<\/td>277 Shares<\/td><\/tr>
Total Issue Size<\/td>13,200,158 shares
(aggregating up to \u20b971.28 Cr)<\/td><\/tr>
Fresh Issue<\/td>13,200,158 shares
(aggregating up to \u20b971.28 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>30,551,920<\/td><\/tr>
Share holding post issue<\/td>43,752,078<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Plaza Wires IPO Lot Size<\/h2>\n\n\n\n

The minimum lot size to apply in this Plaza Wires<\/strong> Limited IPO consists of 277 shares, requiring an investment of \u20b914,958.<\/p>\n\n\n\n

Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>277<\/td>\u20b914,958<\/td><\/tr>
Retail (Max)<\/td>13<\/td>3601<\/td>\u20b9194,454<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>3,878<\/td>\u20b9209,412<\/td><\/tr>
S-HNI (Max)<\/td>66<\/td>18,282<\/td>\u20b9987,228<\/td><\/tr>
B-HNI (Min)<\/td>67<\/td>18,559<\/td>\u20b91,002,186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Plaza Wires IPO Reservation<\/h2>\n\n\n\n
QIB Shares Offered<\/td>Not less than 75.00% of the Net offer<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not more than 15.00% of the Offer<\/td><\/tr>
Retail Shares Offered<\/td>Not more than 10.00% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Plaza Wires IPO Timetable (Important Dates)<\/h2>\n\n\n\n
IPO Open Date<\/td>Friday, September 29, 2023<\/td><\/tr>
IPO Close Date<\/td>Wednesday, October 4, 2023<\/td><\/tr>
Basis of Allotment<\/td>Monday, October 9, 2023<\/td><\/tr>
Initiation of Refunds<\/td>Tuesday, October 10, 2023<\/td><\/tr>
Credit of Shares to Demat<\/td>Wednesday, October 11, 2023<\/td><\/tr>
Listing Date<\/td>Thursday, October 12, 2023<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on October 4, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Don't Miss Out!<\/h2>
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Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Plaza Wires Limited IPO Financial Information<\/h2>\n\n\n\n

For the fiscal year ending March 31, 2023, the company reported assets worth \u20b9112.10 crores, revenue of \u20b9182.60 crores, and a profit after tax of \u20b97.51 crores. The company's net worth stood at \u20b953.08 crores.<\/p>\n\n\n\n

Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th><\/tr><\/thead>
Assets<\/td>99.28<\/td>104.17<\/td>112.10<\/td><\/tr>
Revenue<\/td>145.60<\/td>176.94<\/td>182.60<\/td><\/tr>
Profit After Tax<\/td>4.24<\/td>5.95<\/td>7.51<\/td><\/tr>
Net Worth<\/td>39.48<\/td>45.52<\/td>53.08<\/td><\/tr>
Reserves and Surplus<\/td>35.66<\/td>14.96<\/td>22.53<\/td><\/tr>
Total Borrowing<\/td>43.30<\/td>40.09<\/td>39.68<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

Key Performance Indicator - Plaza Wires IPO<\/h2>\n\n\n\n

The market capitalization of Plaza Wires<\/strong> Limited IPO stands at Rs 236.26 Crore, with a P\/E ratio of 21.95.<\/p>\n\n\n\n

KPI<\/th>Values<\/th><\/tr><\/thead>
P\/E (x)<\/td>21.95<\/td><\/tr>
Market Cap (\u20b9 Cr.)<\/td>236.26<\/td><\/tr>
ROE<\/td>14.15%<\/td><\/tr>
ROCE<\/td>15.57%<\/td><\/tr>
Debt\/Equity<\/td>0.75<\/td><\/tr>
EPS (Rs)<\/td>2.46<\/td><\/tr>
RoNW<\/td>14.16%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

Plaza Wires<\/strong><\/strong> aims to channel the net proceeds from the IPO towards:<\/p>\n\n\n\n