What is the issue size of Plaza Wires IPO?

The issue size of the Plaza Wires IPO is Rs 71.28 cr

What is 'pre-apply' for Plaza Wires IPO?

Pre-apply will alow you to apply for the Plaza Wires IPO 2 days before the subscription period starts.

If I pre-apply for Plaza Wires IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Plaza Wires IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Plaza Wires IPO order is placed?

We will notify you when your Plaza Wires IPO order is placed with the exchange.

What are the open and close dates of the for Plaza Wires IPO?

Plaza Wires IPO will be open between 29 Sept - 4 Oct, 2023.

What is the lot size and minimum order quantity of the Plaza Wires IPO?

Plaza Wires Limited IPO lot size is 277 shares.

What are the allotment dates for the Plaza Wires IPO?

Plaza Wires IPO allotment date is 9 Oct, 2023. For Plaza Wires IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Plaza Wires IPO?

Plaza Wires IPO registrar is Kfin Technologies Limited. You can check Plaza Wires IPO allotment status on the website of the registrar.

Where is the Plaza Wires IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Plaza Wires IPO

Plaza Wires Limited

₹14,127 /277 sharesMinimum Investment

Plaza Wires IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹54.00₹76.00₹22.00 (40.74%)
Plaza Wires IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
29 Sep ‘23 - 5 Oct ‘23₹14,127277₹51 - ₹54
Issue SizeIPO Doc
71.28CrRHP PDF
Subscription Status As on 05 Oct '23, 5:00 PMQualified Institutional Buyers
42.84x
Non-Institutional Investor
388.09x
Retail Individual Investor
374.79x
Employees
0.00x
Total
160.97x
About Plaza WiresIncorporated in 2006, Plaza Wires is involved in the manufacturing and sale of wires, LT aluminum cables, and fast-moving electrical goods (FMEG) under the 'PLAZA CABLES' brand. In 2021, the company introduced a new line of house wires, branded as 'Action Wires,' offering cost-effective products.
Plaza Wires’ product range includes various types of wires and cables and FMEG items such as electric fans, water heaters, switches, switchgear, PVC insulated electrical tape, and PVC conduit pipes and accessories.
The primary products in the wires and cables category are building wires, single and multicore round flexible industrial cables, and industrial cables for submersible pumps and motors rated up to 1.1kv. For other wire and cable products, such as LT power control cables, TV dish antenna co-axial cables, telephone and switchboard industrial cables, computer and LAN networking cables, closed-circuit television cables, and solar cables, they establish informal arrangements with third-party manufacturers who produce these products to their specifications.;
Parent Organisation
Plaza Wires Limited
Founded
2006
Managing Director
Mr. Sanjay Gupta
Strengths & Risks
The company has received recognition as one of the "10 Most Promising Electrical Cable Manufacturers" from the Industrial Outlook Magazine.
They have established partnerships with more than 20 service centers for electric fan after-sales service in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu. 
In 2021, the company expanded its product range by introducing miniature circuit breakers and distribution boards (DB) in India's northern and southern regions.
Their distribution network in India consists of over 1,249 authorized dealers and distributors, with branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh. Additionally, they have one branch office combined with a warehouse in Maharashtra and warehouses in Uttar Pradesh, Assam, Kerala, and Delhi. 
They also collaborate with a C&F agent in Punjab for the financial year ending on March 31, 2023.
As of March 31, 2023, the company's customer base extends to 31 states and union territories.
The company intends to establish a new manufacturing unit with an additional installed capacity of 837,000 coils per annum and 8,700 km per annum.
Plaza Wires' success relies on its ability to establish the Proposed Manufacturing Unit and broaden its product range, with inherent risks. Delays in implementation could lead to cost overruns, posing a significant threat to the company's business and financial health.
Another company within the same group, Plaza Cable Electric Private Limited, engages in similar activities, potentially creating conflicts of interest that might adversely affect Plaza Wires' business, finances, and operational results.
A substantial portion of Plaza Wires' sales comes from specific geographic regions. Any unfavorable developments in these regions could negatively impact revenue and operational results.
Plaza Wires' manufacturing facilities are primarily located in Himachal Pradesh. The inability to operate and expand in this region could have detrimental effects on the company's business, cash flows, and operational results.
Plaza Wires lacks long-term agreements with dealers or customers. If these parties decide not to source from the company, it could adversely affect the company's business and financial condition.
The company holds significant secured loans, amounting to Rs. 39.67 crores, Rs. 39.88 crores, and Rs. 42.98 crores as of March 31, 2023, 2022, and 2021, respectively, comprising a substantial portion of total secured borrowings.
As of March 31, 2023, the company had Rs. 33.99 crores in short-term loans, constituting 85.69% of total borrowings, and Rs. 5.67 crores in long-term loans, making up 14.29% of total borrowings, borrowed from banks and financial institutions.
Plaza Wires, its promoters, directors, and a group company are involved in legal proceedings, and unfavorable outcomes in these cases could significantly impact the company's business and financial condition.
Plaza Wires has experienced negative cash flows from operations recently and may continue to face such challenges in the future.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹51 - 54₹2 Lakh
High Networth Individual₹51 - 54₹2 - 5 Lakh
For Plaza Wires IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹54.00	₹76.00	₹22.00 (40.74%)

Bidding Dates	Min. Investment	Lot Size	Price Range
29 Sep ‘23 - 5 Oct ‘23	₹14,127	277	₹51 - ₹54

Issue Size	IPO Doc
71.28Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹51 - 54	₹2 Lakh
High Networth Individual	₹51 - 54	₹2 - 5 Lakh

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