Plaza Wires IPO
IPO Research :
- The recently coming IPO of PLAZA WIRES marks a notable entry into the public market. Priced at 51 to 54 per share.
- The offering aims to raise 71.28cr for :-
- Funding the working capital requirements of the company.
- General corporate purposes.
3 . Financially, the company exhibits strong indicators, boasting:-
P/E :- 21.95
Market Capitalization:- 236.26
ROE:- 14.15%
ROCE :- 15.57%
Debt / Equity :- 0.75
EPS :- 2.46
RoNW- 14.16%
- PLAZA WIRES faces opportunities and challenges such as they can have a potential to grow in Indian and global market and challenges are they have to face big players in the market and raw material price .
- With a seasoned leadership team led by Sanjay gupta .
Understand the Basics:
IPO DETAILS
IPO Date |
September 29, 2023 to October 5, 2023 |
Listing Date |
[.] |
Face Value |
₹10 per share |
Price Band |
₹51 to ₹54 per share |
Lot Size |
277 Shares |
Total Issue Size |
13,200,158 shares |
Fresh Issue |
13,200,158 shares |
Issue Type |
Book Built Issue IPO |
Listing At |
BSE, NSE |
Share holding pre issue |
30,551,920 |
Share holding post issue |
43,752,078 |
Time line for IPO
IPO Open Date |
Friday, September 29, 2023 |
IPO Close Date |
Thursday, October 5, 2023 |
Basis of Allotment |
Monday, October 9, 2023 |
Initiation of Refunds |
Wednesday, October 11, 2023 |
Credit of Shares to Demat |
Thursday, October 12, 2023 |
Listing Date |
Friday, October 13, 2023 |
Cut-off time for UPI mandate confirmation |
5 PM on October 5, 2023 |
|
IPO LOT SIZES
Application |
Lots |
Shares |
Amount |
Retail (Min) |
1 |
277 |
₹14,958 |
Retail (Max) |
13 |
3601 |
₹194,454 |
S-HNI (Min) |
14 |
3,878 |
₹209,412 |
S-HNI (Max) |
66 |
18,282 |
₹987,228 |
B-HNI (Min) |
67 |
18,559 |
₹1,002,186 |
PROMOTER HOLDINGS :-
Share Holding Pre Issue |
100% |
Share Holding Post Issue |
69.83% |
ANCHOR INVESTORS
Bid Date |
September 27, 2023 |
Shares Offered |
3,704,044 |
Anchor Portion Size (In Cr.) |
20.00 |
Anchor lock-in period end date for 50% shares (30 Days) |
November 22, 2023 |
Anchor lock-in period end date for remaining shares (90 Days) |
February 16, 2024 |
Company Background:-
Establishesd 35 years ago, plaza cables has emerged as a key player in the industry. Specializing in LT Power and Control Cable with PVC insulation, XLPE Insulated Power Cables, Railway Signaling Cables, Mining Cables, Aerial Bunched Cables and Medium Voltage XLPE Insulated Cables, Now, Plaza cables have entered into the field of solar lighting systems, solar water heating systems and now Plaza Solar is among the best solar companies in India which has been approved by MNRE/SEC. Plaza is also manufacturing CFLEB (Self Ballasted Lamps for General Lighting Services) which is an energy saving bulb and conforms to IS:15111 Part I and Part II up to amendment nos. 6 with ISI mark.
PLAZA CABLES has built a strong reputation for industry leadership and customer satisfaction. With a dedicated team and a customer-centric approach, the company continues to thrive in the competitive market, consistently adapting to industry trends and delivering value to clients. Its mission is to In order to maintain our brands a household name, and a brand that would serve its customers every minute of their lives, we have broadened our portfolio. Many new products have been added like “Plaza” Brand Complete range of solar products, CFL & LED fittings and many more are on the anvil
We are confident that in years to come, we will be even closer to its customers Touching them Helping them Enrich their lives and will be reputed International class manufacturer and the leader in Wires & Cables, wow CFL and Solar Industry with quality, productivity, profitability and customer satisfaction which will also boost our turnover in multiple folds in years to come because we in PLAZA feels SKY is the limit.
Financial Performance:-
Period Ended |
31 Mar 2023 |
31 Mar 2022 |
31 Mar 2021 |
Assets |
112.10 |
104.17 |
99.28 |
Revenue |
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 |
Management Team:-
Bhim Sain Gupta
Chairman
Sanjay Gupta
Managing Director
Ajay Kumar Batla
Chief Financial Officer
Manoj Gupta
President (Sales & Marketing)
Conclusion:-
This post is for educational purpose . Discuss with your advisor before investing.
Very nice