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Plaza Wires Limited IPO – Upcoming IPO in India 2023

Published : September 29, 2023

Plaza Wires Limited IPO

Plaza Wires Limited IPO (Plaza Wires IPO)

Plaza Wires Ltd was established in 2006, specializing in the production of wires, low tension (LT) aluminum cables, and fast-moving electrical goods (FMEG). Their product range encompasses house wires, flexible industrial cables, industrial cables for submersible pumps and motors up to 1.1 KV-grade. Additionally, they manufacture LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, LAN networking cables, closed-circuit television cables, and solar cables, often through third-party manufacturers. The company boasts a wide network of over 20 after-sales service centers spanning Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu. Plaza Wires Ltd has recently introduced miniature circuit breakers and distribution boards (DB) to its offerings. The company maintains a strong presence with 1249 authorized dealers and distributors, 3 branches, and 4 warehouses.

Plaza Wires Limited IPO
Plaza Wires Limited

The proceeds from the fresh issue will be utilized by Plaza Wires Ltd to finance the capital expenditure required for establishing a new manufacturing unit dedicated to house wires and cables and for expanding its product portfolio. Pantomath Capital Advisors Private Ltd will spearhead the management of the issue, with KFIN Technologies Ltd serving as the registrar.

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Plaza Wires Limited IPO Objectives

The company intends to utilize the net proceeds from the issue for the following purposes:

  1. Financing the capital expenditure required to establish a new manufacturing unit dedicated to house wires, fire-resistant wires & cables, aluminum cables, and solar cables to broaden the product portfolio.
  2. Fulfilling the company’s working capital requirements.
  3. Supporting general corporate purposes.

Plaza Wires IPO Details

Open and Close Date of Plaza Wires Limited IPO

The subscription for the IPO will be open from September 29th and will close on October 5th.

IPO Open DateFriday, September 29, 2023
IPO Close DateThursday, October 5, 2023
Open and Close Date of Plaza Wires Limited IPO

Plaza Wires Limited IPO share price

The price band for the Plaza Wires IPO has been set at ₹51 to ₹54 per share.

IPO Price₹51 to ₹54 per share
Plaza Wires Limited IPO share price
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Plaza Wires IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Issue TypeBook Built Issue IPO
Face Value₹10 per share
Market Lot277 Shares
Listing AtBSE, NSE
Total Issue Size13,200,158 shares
(aggregating up to ₹71.28 Cr)
Plaza Wires Limited IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Plaza Wires IPO Promoter Holding

Mr. Sanjay Gupta and Mrs. Sonia Gupta serve as the promoters of the company.

Pre Issue Share Holding100%
Post Issue Share Holding69.83%
Plaza Wires Limited IPO Promoter Holding

Plaza Wires Limited’ Financial Information (Reiterated)

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax4.245.957.51
Net Worth39.4845.5253.08
Reserves and Surplus35.6614.9622.53
Total Borrowing43.3040.0939.68
Plaza Wires Limited’ Financial Information (Reiterated) (Amount in ₹ Crore)
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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

  1. Pantomath Capital Advisors Pvt Ltd

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 Prospectus

Plaza Wires IPO DRHP

Plaza Wires IPO RHP

Anchor Investors in Plaza Wires IPO

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How to apply for the Plaza Wires IPO?

Valiant Laboratories Limited IPO

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