₹ 14958 / 277 shares

IPO Details

Issue Date

--

Investment/lot

₹ 14958

Price Range

54

Lot Size

277

IPO Size

₹ 71.28 Cr

IPO Listing Details

Listing On

12 Oct'23

Issue Price

--

Listed Price

₹ 76

Retail Gain/Listing Gain

40.74%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Plaza Wires Limited is in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fast-moving electrical goods (FMEG) under its flagship brand “Plaza Cables” and home brands such as “Action Wires” and “PCG.”

The business commenced with a vision to create a niche in the domestic wire and cable industry with an approach to provide quantitative and qualitative products at competitive prices to customers, from various socio-economic backgrounds.

According to the Resurgent India Research Report, they are one of the growing manufacturers in the wires and cables industry in the northern region of India, and they provide an extensive range of wires and cables. Their product mix comprises different types of wires and cables, as well as FMEG such as electric fans, water heaters, switches and switchgears, PVC insulated electrical tape, and PVC conduit pipe & accessories. According to Resurgent India Limited, the wires and cables industry in India, in value terms, has grown at a CAGR of approximately 13.68% in the last five years, reaching Rs. 788.00 billion in Fiscal 2021. Resurgent India Limited expects the wires and cables industry in India to expand at a CAGR of approximately 14.50% in value terms, reaching approximately Rs. 1,550.00 billion by Fiscal 2026.

In fiscals 2023, 2022 and 2021, the company’s EBITDA was Rs. 156.99, Rs. 131.87 and Rs. 108.62 respectively (In Rupees million). Of which, the EBITDA percentage was 8.60%, 7.46% and 7.47% for the same fiscals.

With that, let's take a look at the competitive strengths and risk factors for Plaza Wires Limited:

Read More
Strong distribution network
Read More
Product portfolio focused on various customer segments and markets
Read More
  • The company’s success depends on building the proposed manufacturing unit and expanding its product portfolio.
  • Inadequate or interrupted supply and price fluctuation of raw materials and packaging materials could adversely affect the business.
  • Set up the proposed manufacturing unit to widen the product portfolio and increase capacity.
  • Strengthen the company’s brand value.
  • Expand their dealer network in existing markets and enter new geographical markets.

Here are the key financials for Plaza Wires Limited

Particulars (in Rs. million)

Particulars (in Rs. million)

What are you looking for?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in Plaza Wires Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

00m 59s

Plaza Wires Ltd IPO FAQs

Plaza Wires Ltd will list on 2023-10-12.

71.28 is the issue size of Plaza Wires Ltd IPO.

The minimum lot size is 277 shares and the investment required is ₹14958.

The price band of Plaza Wires Ltd IPO is ₹54 to ₹0.

The Plaza Wires Limited IPO has an issue size of Rs. 71.28 crores. The IPO opens for subscription on 29th September and closes on 4th October 2023.

KFin Technologies Limited is the registrar for this IPO.

You may read more about Plaza Wires Limited and its IPO from the company’s red herring prospectus (RHP) here:

Open Demat Account to Invest in any IPO
+91 -

personImage