Plaza Wires IPO

Plaza Wires Limited

₹14,127 /277 sharesMinimum Investment

Plaza Wires IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Sep ‘23 - 5 Oct ‘23₹14,127277₹51 - ₹54
Issue SizeIPO Doc
71.28Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers42.84x
Non-Institutional Investor388.09x
Retail Individual Investor374.79x
Employees0.00x
Total160.97x

About Plaza Wires

Incorporated 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.;
Founded in
2006
Managing director
Mr. Sanjay Gupta
Parent organisation
Plaza Wires Limited

Strengths & Financials of Plaza Wires

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 Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Plaza Wires IPO

Apply asPrice bandApply upto
Regular51 - 54₹2 Lakh
High Networth Individual51 - 54₹2 - 5 Lakh
For Plaza Wires IPO, eligible investors can apply as Regular.
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