Plaza Wires IPO GMP, Price, Date, Allotment


Last updated on October 16, 2023

Plaza Wires IPO GMP

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.

Plaza Wires Ltd

Promoters of Plaza Wires Industries – Sanjay Gupta, Sonia Gupta

Plaza Wires IPO Details

Plaza Wires IPO Dates29 Sep – 5 Oct 2023
Plaza Wires IPO Price INR 51 – 54 per share
Fresh issue13,200,158 shares
INR 67.32 – 71.28 crore
Offer For SaleNA
Total IPO size1,64,52,000 shares
INR 67.32 – 71.28 crore
Minimum bid (lot size)277 shares
INR 14,958
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Plaza Wires Financial Performance

 FY 2020FY 2021FY 2022FY 2023
Revenue 1,593.401,455.951,769.371,825.95
Expenses 1,538.721,395.001,683.021,722.62
Net income40.0042.7060.3575.63
Margin (%)2.512.933.414.14
Figures in INR crore unless specified otherwise

Plaza Wires Offer News

Plaza Wires Valuations & Margins

FY 2020FY 2021FY 2022FY 2023
PE ratio20.73 – 21.95
RONW (%)11.3710.7513.0814.16
ROCE (%) 13121416
EBITDA (%)6.807.477.468.60
As per Consolidated Financial Information

Plaza Wires IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
11 October 2023232501,800
10 October 2023253001,800
9 October 2023253001,800
6 October 2023253001,800
5 October 2023203001,700
4 October 2023172801,700
3 October 2023102501,500
2 October 2023102501,500
30 September 202312250700
29 September 202315300600
28 September 202310300600
27 September 202310300600

Plaza Wires IPO Subscription – Live Updates

Shares Offered61,96,07619,80,02313,20,01594,96,114
5 Oct 202342.84388.07374.46160.92
4 Oct 20235.79132.89224.9562.75
3 Oct 20230.4253.16118.9627.90
29 Sep 20230.3111.6246.879.14

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]

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]

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 Date29 September 2023
Plaza Wires IPO Closing Date5 October 2023
Finalisation of Basis of Allotment10 October 2023
Initiation of refunds11 October 2023
Transfer of shares to demat accounts12 October 2023
Plaza Wires IPO Listing Date12 October 2023
Opening Price on NSEINR 76 per share (up 40.74%)
Closing Price on NSEINR 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.


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