Plaza Wires IPO

IPO Research :

  1. The recently coming IPO of PLAZA WIRES marks a notable entry into the public market. Priced at 51 to 54  per share.
  2.  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%

  1. 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 .
  2. 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
    (aggregating up to ₹71.28 Cr)

    Fresh Issue

    13,200,158 shares
    (aggregating up to ₹71.28 Cr)

    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.