Hold onto your hats, investors! Plaza Wires IPO is here. As the company announced going public, we are here to give you all the details about the Initial Public Offering (IPO) of Plaza Wires Limited. The company manufactures wires, low-tension (LT) aluminum cables, and fast-moving electrical goods (FMEG).
In this article, you will get information about the IPO, such as Price, lot size, GMP(Grey Market Price), opening and closing Date of IPO, subscription rate, allotment Date, and lots more.
From the opening date to the IPO price, lot size, how to apply for IPO, Live GMP, and beyond, Committed to keeping you informed every step of the way.
Stay tuned as we explore Plaza Wires Limited’s history, market analysis, and future growth possibilities. It’s an IPO that promises huge opportunities, and we’re here to make sure you’re ready to take advantage of them.
Join us on this journey as we unveil the details of Plaza Wires IPO.
Plaza Wires IPO Details
Plaza Wires IPO, opening from September 29 to October 5, 2023. Priced between ₹51 to ₹54 per share. IPO offers investors an attractive opportunity, with a face value of ₹10 which means there is a high chance of a stock split in the future. The minimum lot size for retail investors is 277 shares (₹14,958), and the total issue size is ₹71.28 Crores. Plaza Wires will list its IPO on October 13, 2023, on both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
Plaza Wires Limited IPO – Mark Your Calendar!
Prepare yourself for a significant financial opportunity as the application for the IPO is about to open. Here are key details:
IPO Date: The subscription window for Plaza Wires Limited IPO opens on September 29, 2023, and closes on October 5, 2023.
Price Band: The company has set the price per share in the range of ₹51 to ₹54, making it affordable for investors across all price ranges.
Face Value: Each share has a face value of ₹10.
Lot Size: The minimum retail investor lot size for this IPO is 277 shares (₹14,958), allowing small retail investors to participate in this IPO.
Total Issue Size: Plaza Wires Limited IPO has a total issue size aggregating up to ₹71.28 Crores.
Fresh Issue: All shares are fresh issues which means the fresh issue size is the same as the total issue size.
Check the table for more details…
| IPO Date Opening Date | September 29, 2023 |
| IPO Date Closing Date | October 5, 2023 |
| IPO allotment Date | October 9, 2023 |
| Initiations of refund (if not allotted) | October 11, 2023 |
| Credits of shares to demat (if allotted) | October 12, 2023 |
| Listing Date | October 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size (Min. retail) | 277 Shares (₹14,958) |
| Total Issue Size | (aggregating up to ₹71.28 Crores) |
| Fresh Issue | (aggregating up to ₹71.28 Crores) |
| Offer for Sale | No Offer For Sale |
| Listing At | NSE and BSE |
| Shareholding pre-issue | 30,551,920 |
| Shareholding post-issue | 43,752,078 |
Stay tuned with us for further details about the IPO.
About Plaza Wires Limited IPO
Plaza Wires Limited was founded in the year 2006. The company manufactures wires, low-tension (LT) aluminum cables, and fast-moving electrical goods (FMEG). For better company growth and increase in profitability, Plaza Wires Limited also makes LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, LAN networking cables, close circuit television cables, and solar cables; through third-party manufacturers.
It has more than 20 after-sales service locations distributed across Tamil Nadu, Punjab, Haryana, Jammu & Kashmir, Uttar Pradesh, and Uttarakhand. Miniature circuit breakers and distribution boards (DB) were also recently offered by Plaza Wires Ltd. The business consists of 4 warehouses, 3 branches, and approximately 1249 authorized dealers and distributors.
Plaza Wires Info
| Company Information | Company Details |
|---|---|
| Company Name | Plaza Wires Limited |
| Ticker Symbol (NSE) | To be updated |
| Ticker Symbol (BSE) | To be updated |
| Industry | FMEG |
| Founded | 2006 |
| Headquarters | A-74 Okhla Industrial Area, Phase-2 New Delhi South Delhi – 110020 |
| Website | https://www.plazawires.in/ |
| Promoters | Mr. Sanjay Gupta and Mrs. Sonia Gupta |
| Products/Services | wires, low-tension (LT) aluminum cables, and fast-moving electrical goods (FMEG) |
| Market Presence | India |
| Ownership Structure | To be a Publicly traded company |
| Financial Highlights (2022-2023) | Net Worth: ₹39.48 in crore |
| Profit After Tax: ₹4.24 in crore | |
| Assets: ₹99.28 in crore | |
| Key Customers | – |
| Competitors | – |
| Regulatory Environment | Compliant with SEBI regulations |
Plaza Wires GMP Today
Plaza Wires Today GMP ( Grey Market Price ): 42.59%
| GMP Rate | 42.59% |
| GMP in INR | 77 |
Plaza Wires IPO allotment link
Plaza Wires IPO Lot Size
The minimum lot size for the retail investor of Plaza Wires Limited IPO is required to purchase a minimum of 277 shares (₹14,958).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3601 | ₹194,454 |
| S-HNI (Min) | 14 | 3,878 | ₹209,412 |
| S-HNI (Max) | 66 | 18,282 | ₹987,228 |
| B-HNI (Min) | 67 | 18,559 | ₹1,002,186 |
Plaza Wires IPO Reservation
| Anchor Investor Shares Offered | 3,704,044 (28.06%) |
| QIB Shares Offered | 6,196,076 (46.94%) |
| NII (HNI) Shares Offered | 1,980,023 (15.00%) |
| bNII > ₹10L | 1,320,015 (10.00%) |
| sNII < ₹10L | 660,008 (5.00%) |
| Retail Shares Offered | 1,320,015 (10.00%) |
| Total Shares Offered | 13,200,158 (100%) |
Plaza Wires Financial Information (Consolidated)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 112.10 | 104.17 | 99.28 |
| Revenue | 182.60 | 176.94 | 145.60 |
| Profit After Tax | 7.51 | 5.95 | 4.24 |
| Net Worth | 53.08 | 45.52 | 39.48 |
| Reserves and Surplus | 22.53 | 14.96 | 35.66 |
| Total Borrowing | 39.68 | 40.09 | 43.30 |
| Amount in ₹ Crore | |||
Plaza Wires Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| P/E (x) | 21.95 |
| Market Cap (₹ Cr.) | 236.26 |
| ROE | 14.15% |
| ROCE | 15.57% |
| Debt/Equity | 0.75 |
| EPS (Rs) | 2.46 |
| RoNW | 14.16% |
FAQ
1. What is Plaza Wires Limited IPO?
Ans. Plaza Wires Limited is a main-board IPO. The face value of ₹10 aggregates up to ₹71.28 Crores. The minimum issue price band for the retail investor is ₹51 and the maximum price band for the retail investor is ₹54 per share. The minimum order quantity is 277 Shares (₹14,958). The Plaza Wires Limited IPO opens on September 29, 2023, and closes on October 5, 2023. kfintech Limited is the registrar for the IPO. The company has proposed to list the shares on both BSE and NSE.
2. When is the Plaza Wires IPO scheduled to take place?
Ans. The IPO date for Plaza Wires IPO is scheduled for September 29, 2023.
3. What is the IPO price of Plaza Wires shares?
Ans. The IPO price is the price at which Plaza Wires shares will be initially offered to the public. The IPO price for Plaza Wires is set at between ₹51 to ₹54 per share.
4. What is the Grey Market Premium (GMP) for Plaza Wires Limited IPO
Ans. The Grey Market Premium (GMP) reflects the premium at which shares of Plaza Wires Limited are trading in the unofficial, secondary market before the official listing. Currently, the GMP for Plaza Wires Limited IPO is ₹77 (42.59%).
5. Where can I find a review and analysis of the Plaza Wires IPO prospectus?
Ans. You can find a comprehensive review and analysis of the Plaza Wires IPO prospectus on the official website of SEBI.
6. How can I apply for Plaza Wires IPO shares?
Ans. To apply for Plaza Wires IPO shares, you can follow the instructions provided in the prospectus or contact your broker. You can apply online or submit a physical application form through your broker’s platform.
7. What are the key details about Plaza Wires Limited’s business and industry?
Ans. Plaza Wires Limited is a company in India that manufactures wires, low-tension (LT) aluminum cables, and fast-moving electrical goods (FMEG)
8. What are the risk factors associated with investing in Plaza Wires IPO?
Ans. Investing in an IPO carries certain risks, including market, business, and regulatory risks. Plaza Wires IPO prospectus provides a detailed list of risk factors that potential investors should review carefully.
9. What is the size of the Plaza Wires IPO offering?
Ans. The size of the Plaza Wires IPO offering refers to the total value of shares made available to the public. The offering size for Plaza Wires IPO is ₹71.28 Crore.
10. When is the opening date & closing date of the IPO for Plaza Wires Limited?
Ans: The opening date for Plaza Wires Limited IPO is September 29, 2023, and the closing date is October 5, 2023.
11. What is the minimum lot size and order quantity for Plaza Wires Limited IPO?
Ans: The minimum lot size for Plaza Wires Limited IPO is ₹14,958 and the minimum order quantity required for participation is 277 shares.
12. Who is the registrar for Plaza Wires IPO?
Ans: The registrar for Plaza Wires IPO is kfintech.
Conclusion
In summary, Plaza Wires IPO is an exciting opportunity for the investor to gain profit on a listing day with expectations of 42% or more return. We have discussed the company and details of Plaza Wires with live Plaza Wires Limited IPO GMP prices, allotment date, and more. Keep an eye on market dynamics, do your own research before applying to the IPO, and stay tuned for updates
Disclaimer :
- IPO Grey Market Premium (Plaza Wires IPO GMP): The mention of Plaza Wires IPO Grey Market Premium (GMP) is approximate, not accurate, and may change over time.
- No Buying or Selling of IPO Forms: Please be aware that we do not facilitate the buying and selling of IPO forms within the IPO Grey Market.