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IPO Status: Listed [29th Sep 2023 to 5th Oct 2023]
Plaza Wires Limited is bringing its mainline IPO at India’s top most stock exchange NSE and BSE. The total issue size of the mainboard is Rs 71.28 Cr that is 100 % fresh issue. You can apply in this IPO application from its subscription period 29 Sept 2023 to 05 Oct 2023. The face value is Rs 10 for each share. To apply in the IPO application you have to buy at least one lot of 277 shares or its multiples at the issue price band of Rs 51 to Rs 54 per share.
So please stay connected with us to get the latest update for the IPO of Plaza Wires Limited including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 29th Sep 2023 |
| IPO Issue Closing Date: | 5th Oct 2023 |
| IPO Issue Price: | ₹51.00-54.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹71.28 Cr |
| Fresh Issue: | ₹71.28 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 69.83% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544003 |
| NSE Code: | PLAZACABLE |
Get important updates regarding Plaza Wires IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 9th Oct 2023 |
| Refunds Initiation* | 11th Oct 2023 |
| Credit of Shares to Demat* | 12th Oct 2023 |
| IPO Listing Date* | 12th Oct 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹51.00-54.00 |
| Market Lot: | 277 Shares |
| 1 Lot Amount: | ₹14958 |
| Min Small HNI Lots(2-10 Lakh): | 3878 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 18559 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-10-2023 | 54.00 | 23 | 4800/67200 | ₹77 (42.59%) | 12-Oct-2023 10:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Plaza Wires Limited was established in 2007. The company is engaged in the manufacture and sale of wires as well as the sale and marketing of LT aluminium cables and fast-moving electrical equipment (“FMEG”) under the main brand “PLAZA CABLES” and private brands such as “Action Wires” and “PCG”. The company was founded with the vision of creating a niche in the domestic wire and cable industry, with the aim of offering quantitative and qualitative products at competitive prices to customers from different socio-economic strata.
The main wire and cable products are construction wires, also called house wires, single and multi-core round flexible industrial cables and industrial cables for submersible pumps and motors up to 1.1 kV. For other wire and cable products such as LT power control cable, TV dish antenna co-axial cables, telephone & switch board industrial cable, computer & LAN networking cable, close circuit television cables and solar cables, PVC insulated tape and PVC conduit pipe & accessories, the company enters into informal agreements with third-party suppliers to manufacture their products based on their requirements.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Cable Wires | ₹71.28 Cr | https://www.plazawires.in/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 6,196,076 (65.25%) | 1,980,023 (20.85%) | 1,320,015 (13.9%) | 9,496,114 | |
| 1 | 29th Sep 2023 19:04 | 0.00x | 4.80x | 27.28x | 4.80x |
| 2 | 3rd Oct 2023 19:04 | 0.42x | 53.26x | 119.85x | 28.04x |
| 3 | 4th Oct 2023 19:04 | 5.79x | 132.99x | 225.37x | 62.83x |
| 4 | 5th Oct 2023 19:04 | 42.84x | 388.09x | 374.81x | 160.97x |
Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Plaza Wires Limited | 2.46 | 2.46 | 17.37 | 21.95 | 14.16 | Consolidated |
| Cords Cable Industries Ltd | 5.52 | 5.52 | 123.15 | 16.65 | 4.53 | Consolidated |
| Ultracab (India) Ltd | 0.61 | 0.61 | 3.35 | 24.18 | 24.3 | Consolidated |
| V-Marc India Limited | 4.58 | 4.58 | 34.97 | 25.55 | 13.11 | Consolidated |
| Dynamic Cables Limited | 14.09 | 14.09 | 80.6 | 32.22 | 17.48 | Consolidated |
| Paramount Communications Limited | 2.4 | 2.4 | 15.2 | 23.75 | 16.19 | Consolidated |
Last Updated on 16-Oct-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Plaza Wires IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Plaza Wires IPO with Zerodha.
Alternate approch to apply in Plaza Wires IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Plaza Wires IPO Review and Important Updates
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To subscribe or apply in Plaza Wires IPO, you can use the following methods:
| Plaza Wires IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Plaza Wires IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Plaza Wires IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Plaza Wires IPO. Most of the Syndicate Banks provide access to apply in Plaza Wires IPO via ASBA process. You must have your net banking access, DP ID information to apply in Plaza Wires IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Plaza Wires IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Plaza Wires IPO Review and Important Updates
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Applying in Plaza Wires IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Plaza Wires IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Plaza Wires IPO, please refer article >> Link
Plaza Wires IPO Review and Important Updates
Steps to download the online application form for Plaza Wires IPO
Or
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Plaza Wires IPO is going to be list on 12-10-2023. NSE Code for Plaza Wires is PLAZACABLE. BSE Code for Plaza Wires is 544003.
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Plaza Wires IPO Allotment Date is 09-10-2023.
Other relevant questions:
Plaza Wires IPO share allotment date?Plaza Wires IPO allotment date?
