About Plaza Wires Limited IPO
Incorporated in 2006, Plaza Wires Limited manufactures wires, LT aluminium cables and Fast Moving Electrical Goods (FMEG). Company operates through its flagship brand ‘Plaza Cables’, ‘Action Wires’ and ‘PCG’. Over the years, the company has diversified its product offerings comprising different types of wires and cables, electric fans, water heaters, switches and switchgears, PVC insulated electrical tape, and PVC conduit pipe & accessories.
Company has its manufacturing unit in Himachal Pradesh, with an installed production capacity of 12 lakh coils per annum. Meanwhile, some of its products are manufactured by third-party manufacturers and evaluated by the company to comply with the quality standards of the Bureau of Indian Standards (BIS) and the QCL Certification.
These products are sold via various distribution channels depending on the geography, including through distributors, by securing government tenders and direct sales to infrastructure projects. As of 31 March 2023, it has over 1,249 authorised dealers and distributors along with customers from 31 states and union territories in India.
Between FY21 and FY23, the company saw a CAGR rise of 7% in its revenue from operations and 21% in its profit. It also maintained an EBITDA margin between 7% to 8% during the same period. Moreover, India’s wires and cables industry is expected to grow at a CAGR of 14% by FY26, which could benefit the company.
And now, Plaza Wires Limited is coming out with its initial public offer (IPO). The entire IPO is a fresh issue and money will be utilised to set up a new manufacturing unit, fund working capital requirements and for general corporate purposes. Its shares will be listed on the NSE and the BSE.
Here are key details about the Plaza Wires IPO:
A quick look at Plaza Wires Limited IPO’s strengths, risks and threats
Risks and threats
Plaza Wires Limited IPO details
| VPlaza Wires Limited IPO date
According to the offer document filed by the company with the SEBI, the Plaza Wires IPO’s opening date – in other words, the Plaza Wires IPO launch date – will be 29th September 2023. The Plaza Wires IPO closing date is 4th October 2023. After this, investors will be updated about the allotment status on 9th October 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 11th October 2023. The Plaza Wires IPO listing date is 12th October 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Plaza Wires Limited IPO price band
The IPO is a fresh issue. The Plaza Wires IPO price band has been set between ₹51 and ₹54 per share. Interested investors can choose a price within this band to apply for the IPO. The Plaza Wires IPO listing price will be determined on 12th October 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Plaza Wires Limited IPO lot size
The Plaza Wires IPO details have been declared. The Plaza Wires IPO lot size is set at 277 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Plaza Wires IPO issue size is approx ₹71 crore.
How to apply for the Plaza Wires Limited Limited IPO?
If you are interested in this investment opportunity but unsure how to apply for the Plaza Wires Limited IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Plaza Wires Limited IPO on Upstox:
How to check the the Plaza Wires Limited IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Plaza Wires Limited IPO allotment status:
Open a demat account with Upstox to apply for the Plaza Wires Limited IPO
To apply for the Plaza Wires Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Plaza Wires Limited IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Plaza Wires Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Plaza Wires IPO means applying for this public issue before it goes live. Click here to pre-apply for the Plaza Wires IPO on Upstox.
You can pre-apply for the Plaza Wires IPO from 27 September 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Plaza Wires IPO opens for the subscription.
The Plaza Wires IPO launch date is 29th September 2023. The Plaza Wires IPO will be open for subscription till 4th October 2023.
The Plaza Wires lot size is 277 shares and the minimum investment required is ₹14,958.
The Plaza Wires IPO price band is ₹51 – ₹54 per share.
The size of the Plaza Wires IPO is approx. ₹71 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 11th October 2023.
Plaza Wires shares will be on NSE and BSE.
Plaza Wires shares’ listing date is 12th October 2023.