Plaza Wires IPO description – Plaza Wires is among the cable wire business leaders, especially in Northern India. The company’s products primarily include Plaza Cables, Action Cables, Plaza Fans, and Immersion Heater & Iron. From Wires & Cables to Ceiling & Wall Fans, pedestals, tables & Exhaust fans, Plaza Wires has a wide range of portfolio. The entity is dedicated to offering the best wires and cables for various needs, manufactured out of quality material and accessible to all types of consumers. It offers its products under its signature brand “PLAZA CABLES,” “ACTION WIRES,” and “PCG.”
In 2016 and onwards, it entered into arrangements with third-party manufacturers and launched FMEG products such as electric fans, and water heaters. As part of after sales
service for electric fans, it has tie ups with 20+ service centres 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 board (DB) in the north and south India region.
Promoters of Plaza Wires Industries – Sanjay Gupta, Sonia Gupta
Plaza Wires IPO Details
| Plaza Wires IPO Dates | 29 Sep – 5 Oct 2023 |
| Plaza Wires IPO Price | INR 51 – 54 per share |
| Fresh issue | 13,200,158 shares INR 67.32 – 71.28 crore |
| Offer For Sale | NA |
| Total IPO size | 1,64,52,000 shares INR 67.32 – 71.28 crore |
| Minimum bid (lot size) | 277 shares INR 14,958 |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Plaza Wires Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,593.40 | 1,455.95 | 1,769.37 | 1,825.95 |
| Expenses | 1,538.72 | 1,395.00 | 1,683.02 | 1,722.62 |
| Net income | 40.00 | 42.70 | 60.35 | 75.63 |
| Margin (%) | 2.51 | 2.93 | 3.41 | 4.14 |
Plaza Wires Offer News
- Plaza Wires RHP
- Plaza Wires DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Plaza Wires Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.31 | 1.39 | 1.95 | 2.46 |
| PE ratio | – | – | – | 20.73 – 21.95 |
| RONW (%) | 11.37 | 10.75 | 13.08 | 14.16 |
| NAV | 11.53 | 12.96 | 14.97 | 17.37 |
| ROCE (%) | 13 | 12 | 14 | 16 |
| EBITDA (%) | 6.80 | 7.47 | 7.46 | 8.60 |
| Debt/Equity | 1.03 | 1.1 | 0.88 | 0.75 |
Plaza Wires IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 11 October 2023 | 23 | 250 | 1,800 |
| 10 October 2023 | 25 | 300 | 1,800 |
| 9 October 2023 | 25 | 300 | 1,800 |
| 6 October 2023 | 25 | 300 | 1,800 |
| 5 October 2023 | 20 | 300 | 1,700 |
| 4 October 2023 | 17 | 280 | 1,700 |
| 3 October 2023 | 10 | 250 | 1,500 |
| 2 October 2023 | 10 | 250 | 1,500 |
| 30 September 2023 | 12 | 250 | 700 |
| 29 September 2023 | 15 | 300 | 600 |
| 28 September 2023 | 10 | 300 | 600 |
| 27 September 2023 | 10 | 300 | 600 |
Plaza Wires IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 61,96,076 | 19,80,023 | 13,20,015 | 94,96,114 |
| 5 Oct 2023 | 42.84 | 388.07 | 374.46 | 160.92 |
| 4 Oct 2023 | 5.79 | 132.89 | 224.95 | 62.75 |
| 3 Oct 2023 | 0.42 | 53.16 | 118.96 | 27.90 |
| 29 Sep 2023 | 0.31 | 11.62 | 46.87 | 9.14 |
Plaza Wires IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Aggressive Investors may Apply
Geojit –
GEPL Capital – Subscribe
Hem Securities –
InvestmentZ – Subscribe
ICICIdirect –
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Not Rated
SMC Global – 2/5
Swastika Investmart –
Ventura Securities – Not Rated
Plaza Wires Offer Registrar
Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Plaza Wires Contact Details
Plaza Wires LIMITED
A-74 Okhla Industrial Area,
Phase-2 New Delhi, South Delhi, 110020
Phone: +91 11 66369696
E-mail: [email protected]
Website: www.plazawires.in
Plaza Wires IPO Allotment Status
Plaza Wires IPO allotment is now available on KFin Tech website. Click on this link to get allotment status.
Meanwhile, bank debits and lien removal has started. Please check effective bank balance to check allotment status.
Plaza Wires IPO Dates & Listing Performance
| Plaza Wires IPO Opening Date | 29 September 2023 |
| Plaza Wires IPO Closing Date | 5 October 2023 |
| Finalisation of Basis of Allotment | 10 October 2023 |
| Initiation of refunds | 11 October 2023 |
| Transfer of shares to demat accounts | 12 October 2023 |
| Plaza Wires IPO Listing Date | 12 October 2023 |
| Opening Price on NSE | INR 76 per share (up 40.74%) |
| Closing Price on NSE | INR 84.20 per share (up 55.9%) |
Plaza Wires IPO FAQs
How many shares in Plaza Wires IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Plaza Wires Public Offer?
The best way to apply in Plaza Wires public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Plaza Wires IPO GMP today?
Plaza Wires IPO GMP today is INR 23 per share.
What is Plaza Wires kostak rate today?
Plaza Wires kostak rate today is INR 250 per application.
What is Plaza Wires Subject to Sauda rate today?
Plaza Wires Subject to Sauda rate today is INR 1,800 per application.
