Plaza Wires Limited

Company Profile
Company Name Plaza Wires Limited
Open Date 29-09-2023
Close Date 04-10-2023
Exchange NSE SME
Lot Size 277 Shares
Issue Price ₹51 to ₹54 per share
Issue Size 13,200,158 shares
Application Amount Min. Inv. - ₹ 14,958 (277 shares) Max. Inv. – ₹ 1,94,454 (3601 shares)
Recommendation Apply

Plaza Wires Limited was incorporated in the year 2006 and has its registered office in New-Delhi, India. The company is engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminum cables and fast-moving electrical goods. Company sells its products under flagship brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG”. Company’s product mix comprises different type of wires and cables, and fast-moving electrical goods such as electric fans, water heaters, switches and switchgears, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe & accessories. As of 31st March 23, the Company has 192 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 9,928.00 10,416.50 11,210.20
Net Assets 3,947.90 4,551.50 5,307.70
Total Borrowings 4,330.40 4,009.20 3,967.50
Total Revenue 14,559.50 17,693.70 18,259.50
Profit After Tax 424.40 595.40 751.00

Tentative Timeline

Opening Date 29/09/2023
Closing Date 04-10-2023
Basis of Allotment 09-10-2023
Initiation of Refunds 10-10-2023
Credit of Shares to Demat 11-10-2023
Listing Date 12-10-2023

Objects of the Issue

Funding the capital expenditure towards setting up of a new manufacturing unit for house wires, fire-resistant wires & cables, aluminium cables and solar cables to expand product portfolio.
Funding the working capital requirements of the Company.
General corporate purposes.

Contact Information

Registered Office Plaza Wires Limited- A-74 Okhla Industrial Area, Phase-2 New Delhi South Delhi - 110020
Phone 011-66369696

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB Shares Offered Not less than 75.00% of the Net offer
NII (HNI) Shares Offered Not more than 15.00% of the Offer
Retail Shares Offered Not more than 10.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 69.83%

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