Published : September 29, 2023
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.
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.
The company intends to utilize the net proceeds from the issue for the following purposes:
The subscription for the IPO will be open from September 29th and will close on October 5th.
|IPO Open Date||Friday, September 29, 2023|
|IPO Close Date||Thursday, October 5, 2023|
The price band for the Plaza Wires IPO has been set at ₹51 to ₹54 per share.
|IPO Price||₹51 to ₹54 per share|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per share|
|Market Lot||277 Shares|
|Listing At||BSE, NSE|
|Total Issue Size|
(aggregating up to ₹71.28 Cr)
Mr. Sanjay Gupta and Mrs. Sonia Gupta serve as the promoters of the company.
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||69.83%|
|Period Ended||31 Mar 2021||31 Mar 2022||31 Mar 2023|
|Profit After Tax||4.24||5.95||7.51|
|Reserves and Surplus||35.66||14.96||22.53|
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Plaza Wires Limited
A-74 Okhla Industrial Area,
Phase-2 New Delhi
South Delhi – 110020
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