Plaza Wires Limited IPO
₹51 - ₹54
277
160.97
| Open Date: | 29-Sep-2023 |
| Close Date: | 05-Oct-2023 |
| Allotment Date: | 10-Oct-2023 |
| Listing Date: | 12-Oct-2023 |
| Listing Price: | ₹105.8/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹51-54 Per Equity Share |
| Issue Size: | Total Issue Size 13,200,158 shares (aggregating up to ₹71.28 Cr) : Fresh Issue 13,200,158 shares (aggregating up to ₹71.28 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,958 : S-HNI - ₹209,412 : B-HNI - ₹1,002,186 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 6,196,076 | 1,980,023 | 1,320,015 | 9,496,114 |
| Day 1 - 29-09-23 05:00 PM | 0.00x | 4.80x | 27.28x | 4.80x |
| Day 2 - 03-10-23 05:00 PM | 0.42x | 53.26x | 119.85x | 28.04x |
| Day 3 - 04-10-23 05:00 PM | 5.79x | 132.99x | 225.37x | 62.83x |
| Day 4 - 05-10-23 05:00 PM | 42.84x | 388.09x | 374.81x | 160.97x |
| Total No. of Application: | 1,811,954 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 380.26x | |||
| Earning Per Share(EPS) | ₹2.46/- |
| P/E Ratio | 21.95 |
| RoNW | 14.16% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 112.10 | 104.17 | 99.28 |
| 31 Mar,2022 | 182.60 | 176.94 | 145.60 |
| 31 Mar,2021 | 7.51 | 5.95 | 4.24 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.83% |
| 1. Ms. Sanjay Gupta |
| 2. Mrs. Sonia Gupta |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio.
- Funding the working capital requirements of the company.
- General corporate purposes.
Incorporated in 2006, Plaza Wires Limited is engaged in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fastmoving electrical goods (FMEG) under its flagship brand "PLAZA CABLES" and home brands such as "Action Wires" and "PCG".
Plaza Wires was originally incorporated as Navratna Wires. Its key products in the wires and cables segment include house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. 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, PVC insulated tape, and PVC conduit pipe & accessories, through third-party manufacturers.
As part of after-sales service for electric fans, the company has tied up with more than 20 service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana and Tamil Nadu. In 2021, Plaza Wires expanded its product portfolio by launching miniature circuit breakers and distribution boards (DB) in the north and south Indian regions.
As of March 31, 2023, the company has over 1249 authorized dealers and distributors, 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, 1 branch office cum godown at Maharashtra, 4 warehouses in Uttar Pradesh, Assam, Kerala and Delhi, and C&F agent in 1 state, viz. Punjab.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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