Plaza Wires IPO GMP (Grey Market Premium)
by 5paisa Research Team
27 Sep 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 12-Oct-23
- IPO Price Range ₹51
- Listing Price ₹84
- Listing Change 55.6 %
- Last Traded Price ₹90.7
- Current Change 68.0 %
Plaza Wires IPO Details
- Open Date 29-Sep-23
- Close Date 05-Oct-23
- Lot Size 277
- IPO Size ₹ 71.28 Cr
- IPO Price Range ₹ 51 to ₹ 54
- Min Investment ₹ 14127
- Listing Exchange BSE, NSE
- Basis of Allotment 10-Oct-23
- Refunds 11-Oct-23
- Credit to Demat Account 12-Oct-23
- Listing Date 13-Oct-23
Plaza Wires IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Sep-23 | 0.00 | 4.80 | 27.28 | 4.80 |
| 03-Oct-23 | 0.42 | 53.26 | 119.85 | 28.04 |
| 04-Oct-23 | 5.79 | 132.99 | 225.37 | 62.83 |
| 05-Oct-23 | 42.84 | 388.09 | 374.81 | 160.98 |
Plaza Wires IPO Synopsis
Plaza Wires Limited IPO is all set to open from 29th September to 4th October 2023. The company manufactures and sells wires as well as sells and markets LT aluminium cables and fast-moving electrical goods (FMEG). The IPO includes a fresh issue of 13,200,158 equity shares worth ₹71.28 cr. The share allotment date is 9th October, and the IPO will be listed on 12th October on the stock exchanges. The price band is ₹51 to ₹54 per share and the lot size is 277 shares.
Pantomath Capital Advisors Private Limited is the book-running lead manager for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Plaza Wires IPO
● To fund the capital expenditure for setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio.
● For working capital requirements.
● Fund general corporate purposes.
Plaza Wires IPO Video:
About Plaza Wires
Established in 2006, Plaza Wires Limited manufactures and sells wires as well as sells and markets LT aluminium cables and fast-moving electrical goods (FMEG). The company sells these products under its flagship brand called "PLAZA CABLES" and home brands including "Action Wires" and "PCG". In 2021, Plaza Wires expanded its product range to include miniature circuit breakers and distribution boards (DB) in both the northern and southern regions of India. The company was originally known as Navratna Wires.
Plaza Wires has a diverse range of wire and cable products, such as house wires, single and multicore round flexible industrial cables, and industrial cables designed for submersible pumps and motors up to a 1.1kv grade.
In addition to these offerings, the company also supplies various other wire and cable products, including 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, PVC insulated tape, and PVC conduit pipe & accessories. These products are sourced through third-party manufacturers.
Plaza Wires has established a network of more than 20 service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu, as part of its after-sales service for electric fans. As of March 31, 2023, the company has a widespread presence with over 1249 authorized dealers and distributors. Plaza Wires also has 4 warehouses strategically located in Uttar Pradesh, Assam, Kerala, and Delhi, along with a dedicated C&F agent in Punjab.
Peer Comparison
● Cords Cable Industries Limited
● Ultracab (India) Limited
● V-Marc India Limited
● Dynamic Cables Limited
● Paramount Communications Limited
For More Information:
Webstory on Plaza Wires IPO
Plaza Wires Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | Dec 31, 2021 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 126.69 | 145.37 | 159.14 |
| EBITDA | 11.82 | 11.07 | 10.84 |
| PAT | 5.74 | 4.37 | 4.00 |
| Particulars (in Rs. Crores) | Dec 31, 2021 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 108.21 | 99.28 | 88.51 |
| Share Capital | 3.82 | 3.82 | 3.82 |
| Total Borrowings | 62.85 | 59.68 | 53.30 |
| Particulars (in Rs. Crores) | Dec 31, 2021 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 8.50 | -2.43 | 1.65 |
| Net cash from / (used in) investing activities | -2.99 | -0.78 | -1.26 |
| Net cash flow from / (used in) financing activities | -5.51 | 3.22 | -0.38 |
| Net increase (decrease) in cash and cash equivalents | -0.005 | 0.001 | 0.002 |
Plaza Wires IPO Key Points
-
Strengths
1. The company is ISO 9001:2015 and 14001:2015 certified for quality.
2. The company’s product portfolio is focused on various customer segments and markets.
3. It has a large distribution network.
4. Highly experienced management team and employee base.
5. Planning to enhance its position in the Wires and Cables Industry.
-
Risks
1. Inadequate or interrupted supply and price fluctuation of raw materials and packaging materials could adversely affect the business.
2. Higher working capital requirements.
3. Operates in an intensely competitive and fragmented industry.
4. Dependent on the sale of Wires and Cables products for revenue generation.
5. Negative cash flows in the past.
Plaza Wires
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
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Plaza Wires IPO FAQs
What is the minimum lot size and investment required for the Plaza Wires IPO?
The minimum lot size of Plaza Wires IPO is 277 shares and the investment required is ₹14,127.
What is the price band of Plaza Wires IPO?
The price band of Plaza Wires IPO is ₹51 to ₹54.
When does the Plaza Wires IPO opens and closes?
Plaza Wires IPO is open from 29th September to 4th October 2023.
What is the size of the Plaza Wires IPO?
The size of Plaza Wires IPO is ₹71.28 cr, which includes a fresh issue of 13,200,158 equity shares.
What is the allotment date of the Plaza Wires IPO?
The share allotment date of Plaza Wires IPO is 9th of October 2023.
What is the Plaza Wires IPO listing date?
The Plaza Wires IPO will be listed on 12th of October 2023.
Who are the book runners for the Plaza Wires IPO?
Pantomath Capital Advisors Private Limited is the book-running lead manager for Plaza Wires IPO.
What is the objective of Plaza Wires IPO?
Plaza Wires plans to utilize the raised capital from IPO to:
1. To fund the capital expenditure for setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio.
2. For working capital requirements.
3. Fund general corporate purposes.
How to apply for the Plaza Wires IPO?
To apply for Plaza Wires IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Plaza Wires IPO.
● 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.
Contact Details of Plaza Wires IPO
Contact Information
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Plaza Wires IPO Lead Manager
Pantomath Capital Advisors Pvt Ltd.
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