Plaza Wires IPO Date, Review, Price, Allotment, Analysis

Plaza Wires is an ISO 9001:2015 and 14001:2015 certified company engaged in the business of manufacturing and selling wires, and selling and marketing of LT aluminum cables and fast moving electrical goods (FMEG) under their flagship brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG”. Their business was started 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. In 2021, they launched a line of house wire under the brand “Action Wires” for products at an economical price range.

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 provide an extensive range of wires and cables. Their product mix comprises different types of wires and cables, and 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 compound annual growth rate (CAGR) of approximately 13.68% in the last five years to reach ₹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 to reach approximately ₹1550.00 billion by Fiscal 2026.

Their key products in the wires and cables segment are building wires also known as house wires, single & multicore round flexible industrial cables, and industrial cables for submersible pumps & motors up to 1.1kv grade. For other wires and cable products such as LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, close circuit television cables and solar cables, PVC insulated tape, and PVC conduit pipe & accessories, they enter into informal arrangements with third-party manufacturers who manufacture their products based on their requirements. They have over 1249 authorized dealers and distributors pan India and C & F agents in states, viz. Punjab for the period ended on March 31, 2023. They supply their products across various states, mainly in states of Delhi, Uttar Pradesh, Haryana, Kerala, and Rajasthan.

Objects 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.

Plaza Wires IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Plaza Wires IPO Date & Price Band Details

Plaza Wires IPO Market Lot

The Plaza Wires IPO minimum market lot is 277 shares with ₹14,958 application amount. The retail investors can apply up-to 13 lots with 3601 shares or ₹194,454 amount.

Plaza Wires IPO Allotment & Listing Dates

The Plaza Wires IPO date is September 29 and the close date is October 5. The Plaza Wires IPO allotment will be finalized on October 9 and the IPO listing on October 13.

You can check IPO subscription status and IPO allotment status on their respective pages.

Plaza Wires IPO Form

How to apply for the Plaza Wires IPO? You can apply for Plaza Wires IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Plaza Wires IPO in the Invest section. The other option is you can apply for Plaza Wires IPO via IPO forms downloaded via NSE and BSE. Check out the Plaza Wires forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Plaza Wires Company Financial Report

Plaza Wires IPO Valuation – FY2023

Check Plaza Wires IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Cords Cable Industries Ltd
• Ultracab (India) Ltd
• V-Marc India Limited
• Dynamic Cables Limited
• Paramount Communications Limited

Company Promoters

• Mr. Sanjay Gupta
• Mrs. Sonia Gupta

Plaza Wires IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

Plaza Wires IPO Allotment Status Check

Check Plaza Wires IPO allotment status on Kfin Technologies website allotment URL. Click Here

Plaza Wires IPO Lead Managers aka Merchant Bankers

• Pantomath Capital Advisors Pvt Ltd

Company Address

Plaza Wires Limited
A-74 Okhla Industrial Area,
Phase-2 New Delhi
South Delhi – 110020
Phone: 011-66369696
Email: [email protected]
Website: https://www.plazawires.in/

Plaza Wires IPO FAQs