Plaza Wires Limited is an Indian company that manufactures and sells wires, aluminum cables, and fast-moving electrical goods (FMEG).
Their flagship brand is Plaza Cables, and they also have home brands like Action Wires and PCG.
Plaza Wires was incorporated in 2006 and is registered with the Registrar of Companies in Delhi.
They have a unit in Baddi, Himachal Pradesh.
Plaza Wires is ISO 9001:2015 and 14001:2015 certified. They have sophisticated manufacturing and testing equipment. Their products include India’s first 3D wire, which can save up to 30% on electricity.
Plaza Wires is planning to use funds raised from their IPO to build a new factory in Himachal Pradesh.
Plaza Wires IPO Timeline
| Particular | Date |
| IPO Open Date | 29 Sep 2023 |
| IPO Close Date | 05 Oct 2023 |
| Allotment Date | 09 Oct 2023 |
| IPO Listing Date | 06 Oct 2023 |
Plaza Wires IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 51 to Rs. 54 Per Equity Share |
| Market Lot | 277 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 71 Crore. |
Plaza Wires IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 277 | Rs. 14958 |
| Maximum | 13 | 3601 | Rs. 194454 |
| Small HNI (Minimum) | 14 | 3878 | Rs. 209412 |
| Big HNI (Minimum) | 67 | 18559 | Rs. 1002186 |
Plaza Wires IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 112.10 | 104.17 | 99.28 |
| Total Revenue | 182.60 | 176.94 | 145.60 |
| Profit After Tax | 7.51 | 5.95 | 4.24 |
Company Promoters:
Mr. Sanjay Gupta and Mrs. Sonia Gupta are the company’s promoters.
Purpose of the Issue
- 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: plazawires.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus |
