Get the latest insights on Plaza IPO, including comprehensive details, Grey Market Premium (GMP), and the anticipated release date. Stay informed about this exciting investment opportunity in our blog post.”
IPO Details:
- Issue Size: The Plaza Wires IPO is a book-built issue of Rs 71.28 crores.
- Number of Shares: It consists entirely of a fresh issue of 1.32 crore shares.
- Price Band: The IPO price band is set at ₹51 to ₹54 per share.
- Minimum Lot Size: The minimum lot size for an application is 277 shares.
- Minimum Investment:
- Retail Investors: ₹14,958 (for 277 shares)
- S-HNI (Super High Net Worth Individual): ₹209,412 (for 3,878 shares)
- B-HNI (Big High Net Worth Individual): ₹1,002,186 (for 18,559 shares)
- Opening Date: September 29, 2023
- Closing Date: October 4, 2023
- Basis of Allotment: Expected on Monday, October 9, 2023
- Listing Date: Tentatively set for Thursday, October 12, 2023
- Stock Exchanges: The IPO will list on BSE and NSE.
Company Information:
- Promoters: Mr. Sanjay Gupta and Mrs. Sonia Gupta are the promoters of Plaza Wires Limited.
- Business: The company is engaged in the manufacturing and selling of wires, LT aluminium cables, and fast-moving electrical goods under various brand names, including “PLAZA CABLES,” “Action Wires,” and “PCG.”
- Product Range: Plaza Wires offers a variety of products in the wires and cables segment, including house wires, industrial cables, power control cables, co-axial cables, networking cables, and more.
- Sales and Distribution: As of March 31, 2023, the company has a widespread network of authorized dealers, distributors, branch offices, and warehouses across different regions of India.
- Financials: Plaza Wires’ financials show a growth in assets, revenue, and profit after tax over the past few years.
Key Performance Indicators:
- Market Cap: ₹236.26 Crores
- P/E (Price-to-Earnings) Ratio: 21.95
- Return on Equity (ROE): 14.15%
- Return on Capital Employed (ROCE): 15.57%
- Debt/Equity Ratio: 0.75
- Earnings per Share (EPS): ₹2.46
- Return on Net Worth (RoNW): 14.16%
Objects of the Issue: The net proceeds from the IPO will be used for the following purposes:
- 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.
Investors interested in this IPO should carefully review the Red Herring Prospectus (RHP) for detailed information and consider their investment objectives before participating in the Plaza Wires IPO. Additionally, it’s advisable to consult with financial experts or advisors for personalized investment guidance.