Plaza Wires IPO Details, Price, Date, Lot, Listing Date, GMP

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Plaza Wires IPO Details

Plaza Wires IPO opens on September 29, 2023, and closes on October 4, 2023. The IPO has a total issue size of ₹71.28 Crores, with Plaza Wires offering shares at a price range of ₹51 to ₹54 per share per share. The IPO is scheduled to be listed on the NSE SME. Plaza Wires IPO Basis of Allotment is on October 9, 2023. Plaza Wires IPO Initiation of Refunds is on October 10, 2023. Plaza Wires IPO Credit of Shares to Demat is on October 11, 2023. Plaza Wires IPO Listing Date is on October 12, 2023.

Plaza Wires IPO Date

  • Open – September 29, 2023
  • Close – October 4, 2023
  • Basis of Allotment – October 9, 2023
  • Refunds – October 10, 2023
  • A credit of Shares to Demat AC – October 11, 2023
  • Listing Date – October 12, 2023
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Plaza Wires IPO Price

  • 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)
  • Offer for Sale:
  • Issue Type: Book Built Issue IPO
  • Listing At: BSE, NSE
  • Shareholding Pre-Issue: 30,551,920
  • Shareholding Post-Issue: 43,752,078

Plaza Wires IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 277 ₹14,958
Retail (Max) 13 3601 ₹194,454
HNI (Min) 14 3,878 ₹209,412

Plaza Wires IPO Reservation

QIB Shares Offered Not less than 75.00%
NII (HNI) Shares Offered Not more than 15.00%
Retail Shares Offered Not less than 10.00%
Anchor Investor Shares Offered
Total Shares Offered 100%

 

Plaza Wires IPO Promoter Holding

Mr. Sanjay Gupta and Mrs. Sonia Gupta are the company’s promoters.

Pre Issue Share Holding 100.00%
Post Issue Share Holding 69.83%

Plaza Wires IPO Financial Report

Amount in ₹ Lakhs

Period Ended 31 Mar 2021 31 Mar 2022 31 Mar 2023 30 June 2023
Assets 99.28 104.17 112.10  
Revenue 145.60 176.94 182.60  
Profit After Tax 4.24 5.95 7.51  
Net Worth 39.48 45.52 53.08  
Reserves and Surplus 35.66 14.96 22.53  
Total Borrowing 43.30 40.09 39.68  

Plaza Wires IPO Reason for issue

The company plans to use the funds generated from the offering for the following purposes:

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  • Allocating funds for the capital investment needed to establish a new manufacturing facility for a wider range of products, including household wiring, fire-resistant wiring, aluminum cables, and solar cables, as part of our product portfolio expansion.
  • Providing financial support to cover the company’s working capital needs.
  • Utilizing funds for various general corporate purposes.

Plaza Wires IPO Documentation 

DRHP: Download DRHP
RHP: Download RHP

Company Contact Information

  • Plaza Wires Limited A-74 Okhla Industrial Area, Phase-2 New Delhi South Delhi – 110020 Phone: 011-66369696 Email: compliance@plazawires.in Websitehttps://www.plazawires.in/

Plaza Wires IPO Registrar

Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: plazawires.ipo@kfintech.com Websitehttps://kosmic.kfintech.com/ipostatus/

Plaza Wires IPO FAQs

How much is Plaza Wires’s ipo price?
Plaza Wires‘s ipo price is ₹51 to ₹54 per share.
What is Plaza Wires’ ipo date?
The Plaza Wires ipo date is open on September 29, 2023, and closes on October 4, 2023.
How much Plaza Wires ipo gmp?
Plaza Wires ipo gmp is ₹12.

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