Plaza Wires Ltd

Cables

Offer Period :

29th to 10th Oct 2023

Plaza Wires, headquartered in New Delhi, specializes in manufacturing and distributing wires, LT aluminium cables, and FMEG products (branded as "Action Wires" and "PCG"). With a vision to excel in the domestic wire industry, it aims to provide quality products at an affordable price. Read more... The company, with a manufacturing unit in Solan, Himachal Pradesh, covering 11,513.37 sq meters, is gearing up for an IPO to secure funds for capital expenditures, working capital needs, and other corporate objectives.Read less

Plaza Wires Ltd IPO Details

IPO Date 29th to 10th Oct 2023 Minimum Investment ₹14958 / 1 Lots
Listing Date 2023-10-12 Maximum Investment ₹194454 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹71.28 Crores
Price ₹54 to ₹54 per share Fresh Issue ₹71.28 Crores
Lot Size 1 Lots (277 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 29th to 10th Oct 2023
Listing Date 2023-10-12
Face Value ₹10 per share
Price ₹54 to ₹54 per share
Lot Size 1 Lots (277 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14958 / 1 Lots
Maximum Investment ₹194454 / 13 Lots
Total Issue Size ₹71.28 Crores
Fresh Issue ₹71.28 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

29th Sep

IPO Starts

5th Oct

IPO Ends

10th Oct

Allotment Date

11th Oct

Initiation of Refund

12th Oct

Credit of Shares to Demat Account

12th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 93.67 65.42
Public Group 6.33 34.58

Plaza Wires Ltd IPO Reservation

QIB Shares Offered 3960047(30%)
NII (HNI) Shares Offered 1980024(15%)
Retail Shares Offered 1320016(10%)
Anchor Investor Shares Offered 5940071(45%)
Total Shares Offered 13200158
Total Shares With Anchor Investor 13200158

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Plaza Wires Ltd IPO Registrar

KFin Techologies Ltd
Phone Number 040 - 6716 2222
Email Id plazawires.ipo@kfintech.com
Our Website www.kfintech.com

Plaza Wires Ltd IPO Lead Manager

1. Pantomath Capital Advisors Pvt Ltd

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Plaza Wires Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Plaza Wires Ltd

1. Product portfolio focused on various customer segments and markets.

2. The Company's distribution network.

3. Its management and dedicated employee base.

Risks Involved

1. Inadequate or interrupted supply and price fluctuation of its raw materials and packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.

2. The Company requires significant amounts of working capital and significant portion of its working capital is consumed in trade receivables and inventories. Its inability to meet its working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.

3. The company's success depends on its ability to build the Proposed Manufacturing Unit and expand its product portfolio, both of which are subject to risks and uncertainties. Delay in schedule of implementation may subject the Company to risks related to time and cost overrun which may have a material adverse effect on its business, results of operations and financial condition.

4. The company has not yet placed orders in relation to the capital expenditure to be incurred for the Proposed Manufacturing Unit. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the plant and machineries or complete the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.

5. The company may not be able to derive the desired benefits from its product development efforts. Commercialization and market development of new products and existing product particularly its FMEG products may take longer time than expected and / or may involve unforeseen business risks.

6. If the company is unable to continue to implement its brand building and marketing initiatives, for each of its brands, its business and prospects may be adversely affected. Moreover, any deterioration in the reputation and market perception of its brand may have an adverse effect on its sales, profitability and the implementation of its growth strategy.

7. The industry segments in which its operate being fragmented, its face competition from large players, which may affect its business operations and financial conditions.

8. The company inability to maintain the stability of its distribution network and attract additional distributors and dealers may have a material adverse effect on its results of operations and financial condition.

9. The company generate its major portion of sales from its operations in certain geographical regions. Any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

10. The current and continuing impact of the COVID-19 pandemic on its business and operations, including its impact on the ability or desire of customers to purchase its products, may have an adverse effect on its business prospects and future financial performance.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Plaza Wires Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-12 544003 PLAZACABLE
INE0INJ01017
₹54 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹54 ₹54
Open ₹84 ₹76
Low ₹75 ₹75.7
High ₹84 ₹80.2
Low ₹75 ₹75.7

Frequently Asked Questions

What is Plaza Wires Ltd IPO?

Answer Field

Plaza Wires Ltd IPO is a Mainboard IPO of 1,32,00,158 equity shares of a face value of ₹10 aggregating up to ₹71.28 Crores. The issue is priced at ₹54 to ₹54 per share. The minimum order quantity is 277 Shares. The IPO opens on September 29, 2023, and closes on October 05, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Plaza Wires Ltd IPO will open?

Answer Field

The Plaza Wires Ltd IPO opens on September 29, 2023 and closes on October 05, 2023.

What is the lot size of Plaza Wires Ltd?

Answer Field

Plaza Wires Ltd lot size is 277 shares, and the minimum amount required is ₹14,958.

How to apply for Plaza Wires Ltd IPO?

Answer Field

You can apply in Plaza Wires Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Plaza Wires Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Plaza Wires Ltd IPO will be done on October 10, 2023, and the allotted shares will be credited to your demat account by October 12, 2023.

When is Plaza Wires Ltd IPO listing date?

Answer Field

The Plaza Wires Ltd listing date is October 12, 2023.

Who is the registrar of Plaza Wires Ltd IPO?

Answer Field

The registrar of Plaza Wires Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Pantomath Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Plaza Wires Ltd IPO?

Answer Field

The fresh issue size is ₹71.28 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Plaza Wires Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 277 shares and ₹14,958 amount.

How can I approve the UPI mandate request for Plaza Wires Ltd IPO?

Answer Field

To apply for Plaza Wires Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Plaza Wires Ltd?

Answer Field

The price of each Plaza Wires Ltd share will be ranging in between ₹54 to ₹54 per share.

What is the cut-off time for the UPI mandate for Plaza Wires Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 05, 2023.

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