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“.
The company’s 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.
Plaza Wires Business model includes:
- Plaza Wires dealer & distribution network to sell and promote its products, including sales through C&F agents. The company select its dealers & distributors based on their sales network, market reputation and financial strength including sales.
- Securing government tenders for supply to government projects.
- Direct sales to infrastructure projects.
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.
Plaza Wires IPO – Details
| IPO Opening Date | 29 September 2023 |
| IPO Closing Date | 05 October 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,32,00,158 Shares Worth ₹71.28 Crore Fresh Issue: 1,32,00,158 Shares Worth ₹71.28 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹54 |
| Market Lot | 277 Shares |
| Min Order | ₹14,958 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Plaza Wires IPO – Date Schedule
| IPO Open Date | 29 September 2023 |
| IPO Close Date | 05 October 2023 |
| Basis of Allotment Date | 10 October 2023 |
| Initiation of Refunds | 11 October 2023 |
| Credit of Shares to Demat Account | 12 October 2023 |
| IPO Listing Date | 13 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 05 October 2023 |
Plaza Wires IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3,601 | ₹1,94,454 |
| S-HNI (Min) | 14 | 3,878 | ₹2,09,412 |
| S-HNI (Max) | 66 | 18,282 | ₹9,87,228 |
| B-HNI (Min) | 67 | 18,559 | ₹10,02,186 |
Competitive Strengths
- Product portfolio focused on various customer segments and markets.
- The company distribution network.
- The company management and dedicated employee base.
Company Promoters
- Mr. Sanjay Gupta
- Mrs. Sonia Gupta
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 145.59 | 139.50 | 4.24 | 43.30 |
| 31 March 2022 | 176.93 | 168.30 | 5.95 | 40.09 |
| 31 March 2023 | 182.59 | 172.26 | 7.51 | 39.67 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 21.95 |
| Market Cap. | 236.26 Crore |
| ROE | 14.15 |
| ROCE | 15.57 |
| Debt/Equity | 0.75 |
| EPS (Rs) | 2.46 |
| RoNW | 14.16 |
Object Of The Issue
- Funding the capital expenditure towards setting up of new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables and solar cables to expand our product portfolio.
- Funding the working capital requirements of the Company.
- General corporate purposes.
Plaza Wires IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Cords Cable Industries Ltd | 16.65 |
| 2 | 2 | Ultracab (India) Ltd | 24.18 |
| 3 | 10 | V-Marc India Limited | 25.55 |
| 4 | 10 | Dynamic Cables Limited | 32.22 |
| 5 | 2 | Paramount Communications Limited | 23.75 |
Plaza Wires IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.83% |
Plaza Wires IPO Prospectus
Company 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 Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: plazawires.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Plaza Wires IPO Lead Manager(s)
| 1. Pantomath Capital Advisors Pvt Ltd |
Plaza Wires IPO FAQs
| What is Plaza Wires IPO? Plaza Wires IPO is a main-board IPO. The issue is priced at ₹51 to ₹54 per equity share. The IPO is to be listed on BSE & NSE. |
| When Plaza Wires IPO will open? The IPO is to open on 29 September 2023 for QIB, NII, and Retail Investors. |
| What is Plaza Wires IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Plaza Wires IPO? You can apply Plaza Wires IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Plaza Wires IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Plaza Wires”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Plaza Wires IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Plaza Wires”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Plaza Wires IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Plaza Wires”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Plaza Wires IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Plaza Wires”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Plaza Wires IPO Size? Plaza Wires IPO size is ₹71.28 Crore. |
| What is Plaza Wires IPO Price Band? Plaza Wires IPO Price Band is ₹51 to ₹54. |
| What is Plaza Wires IPO Minimum and Maximum Lot Size? The minimum bid is 277 Shares with ₹14,958 amount while the maximum bid is 3601 shares with ₹1,94,454. |
| What is the Plaza Wires IPO Allotment Date? Plaza Wires IPO allotment date is 10 October 2023. |
| What is the Plaza Wires IPO Listing Date? Plaza Wires IPO listing date is 13 October 2023. The IPO is to list on BSE and NSE. |
