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Open
29 Sep to 5 Oct, 2023
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Close
29 Sep to 5 Oct, 2023
3
Allotment
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Listing
Thu, Oct 12, 2023
Price Band
₹51 to ₹54
Issue Size
1,32,00,158 shares (agg. up to ₹71 Cr)
Lot Size
277 Shares
Listing Date
Thu, Oct 12, 2023
Latest GMP
₹23
Est. Gain
42.59%
✦ AI Insight
GMP Trend
12-10-2023₹23Est. ₹77+42.59%
11-10-2023₹23Est. ₹77+42.59%
10-10-2023₹23Est. ₹77+42.59%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 113.74x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 112.10 | 104.17 | 99.28 |
| Total Income | 182.60 | 176.94 | 145.60 |
| Profit After Tax | 7.51 | 5.95 | 4.24 |
| NET Worth | 53.08 | 45.52 | 39.48 |
| Reserves and Surplus | 22.53 | 14.96 | 35.66 |
| Total Borrowing | 39.68 | 40.09 | 43.30 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| R R Kabel Ltd. | Mainboard | ₹1,964.01 Cr | ₹1035 | null | ₹1,198.05 | +15.75% | ₹2,403.90 (+5.00%) |
| Marco Cables & Conductors Ltd. | SME | ₹18.73 Cr | ₹36 | 20.22 | ₹40.60 | +12.78% | ₹30.00 (-4.76%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expendituretowards setting up of a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables and solar cables to expand our product portfolio | 24.41 |
| 2 | Funding the working capital requirements of the Company; and | 22.00 |
| 3 | General corporate purposes | 14.60 |
About Plaza Wires IPO
Incorporated in 2006, Plaza Wires Limited is engaged in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fastmoving electrical goods (FMEG) under its flagship brand "PLAZA CABLES" and home brands such as "Action Wires" and "PCG". Plaza Wires was originally incorporated as Navratna Wires. Its key products in the wires and cables segment include house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. The company also provides 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, through third-party manufacturers. As part of after-sales service for electric fans, the company has tied up with more than 20 service centers 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 boards (DB) in the north an
Contact Details
Plaza Wires Ltd. AddressA-74 Okhla Industrial AreaPhase-2 New DelhiNew Delhi, New Delhi, 110020011-66369696compliance@plazawires.inVisit Website