Plaza Wires Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹54
Per ShareLot Size
277 Shares
Minimum Investment
₹14,958
Issue Size
₹71.28 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Plaza Wires Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
93.67%
Promoter Holding (Post-Issue)
65.42%
Issue Type
Book Building
ISIN
INE0INJ01017
About the Company
Plaza Wires Limited is an ISO 9001:2015 and 14001:2015 certified company engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast moving electrical goods under its flagship brand "PLAZA CABLES" and home brands such as "Action Wires" and "PCG". In 2021, the company launched a line of house wire under the brand "Action Wires" for product at economical price range. Its 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.
Industry Overview
Global Economic growth is projected to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. While the forecast for May 2023 is modestly higher than predicted in the April 2023 World Economic Outlook (WEO), it remains weak by historical standards. The rise in central bank policy rates to fight inflation continues to weigh on economic activity. Global headline inflation is expected to fall from 8.7 percent in 2022 to 6.8 percent in 2023 and 5.2 percent in 2024. Underlying (core) inflation is projected to decline more gradually, and forecasts for inflation in 2024 have been revised upward. The C&W industry is expected to grow to Rs.1,033bn in FY23, boosted by increased infra spends by the government. Demand for building wires and power cables would be spurred by government schemes such as Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya scheme) and Power for All, focusing on electrification of rural households and Transmission & Distribution efficiencies, as well as an increase in cabling demand from commercial establishments and public utilities. Growth in Renewable energy capacities will drive demand for solar cables and elastomeric cables used in windmill applications. In Tier I cities, increase in demand and the lack of open spaces to setup towers, coupled with rising demand from infra projects like metro has swelled the demand for Extra High Voltage (EHV) underground cables.
Company History
Plaza Wires Limited was originally incorporated as `Navratna Wires Private Limited' as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated August 23, 2006 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Pursuant to a special resolution passed by the shareholders of the Company at the extra-ordinary general meeting held on October 10, 2007, the name of the Company was changed to Plaza General Cable Wire Private Limited and a fresh certificate of incorporation dated October 26, 2007 was issued to the Company by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Pursuant to a special resolution passed by the shareholders of the Company on December 26, 2008, the name of the Company was changed to 'Plaza Wires Private Limited', and a fresh Certificate of Incorporation reflecting the new name was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana on February 06, 2009. Thereafter, the Company was converted to a public limited company, pursuant to a special resolution passed by its shareholders on December 29, 2021 and the name of the Company was changed to 'Plaza Wires Limited' and a fresh certificate of incorporation dated March 10, 2022 was issued to the Company by the Registrar of Companies, Delhi.
Products & Services
- The company is engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast moving electrical goods.
Growth Strategy
- Setting up the Proposed Manufacturing Unit to widen its product portfolio and increase its capacity.
- Enhance its position in Wires and Cables Industry.
- Expand its dealer network in existing markets and enter new geographical markets.
- Strengthen its brand value.
- Maintain and expand valued relationships with its dealers and distributors.
- To use technology to further optimise its sales & marketing operations.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 132,00,158^ equity shares of face value of Rs. 10 each ("Equity Shares") of Plaza Wires Limited ("The Company" or the "Issuer") for cash at a price of Rs. 54 per equity share (including a premium of Rs. 44 per equity share) ("Issue Price") aggregating up to Rs. 71.28 crores ("The Issue"). The issue will constitute 30.17 % of the post-issue paid-up equity share capital. ^Subject to finalisation of the Basis of Allotment
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Product portfolio focused on various customer segments and markets.
- The Company's distribution network.
- Its management and dedicated employee base.
- Inadequate or interrupted supply and price fluctuation of its raw materials and packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.
- The Company requires significant amounts of working capital and significant portion of its working capital is consumed in trade receivables and inventories. Its inability to meet its working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.
- The company's success depends on its ability to build the Proposed Manufacturing Unit and expand its product portfolio, both of which are subject to risks and uncertainties. Delay in schedule of implementation may subject the Company to risks related to time and cost overrun which may have a material adverse effect on its business, results of operations and financial condition.
- The company has not yet placed orders in relation to the capital expenditure to be incurred for the Proposed Manufacturing Unit. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the plant and machineries or complete the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.
- The company may not be able to derive the desired benefits from its product development efforts. Commercialization and market development of new products and existing product particularly its FMEG products may take longer time than expected and / or may involve unforeseen business risks.