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Plaza Wires IPO to open on Friday. Here are 10 things to know about the offer
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- What is the business overview of Plaza Wires?
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 under its flagship brand «Plaza Cables». The company's product mix includes different types of wires and cables, and fast-moving electrical goods such as electric fans, water heaters, switches and switchgear, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe and accessories. - What is the industry overview of Plaza Wires?
The cables and wires industry is estimated to have grown to Rs 1.03 lakh crore in FY23, boosted by increased infra spends by the government. In Tier-I cities, increase in demand and the lack of open spaces to set up towers, coupled with rising demand from infra projects like metro has swelled the demand for extra high voltage (EHV) underground cables. - What is the size of the Plaza Wires IPO?
The IPO is entirely a fresh equity issue of 1.32 crore, aggregating up to Rs 71.2 crore. - What is the price band for Plaza Wires IPO?
The company is offering its shares at Rs 51-54 apiece. Investors can bid for a minimum of 277 shares in one lot and in multiples thereafter. - What is the structure of Plaza Wires IPO?
About 75% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 10% for retail investors. - How is the financial performance of Plaza Wires?
For the year ended March 2023, the company's revenue from operations rose by a meagre 3% to Rs 183 crore, while net profit jumped 27% to Rs 7.5 crore. - What are the objects of Plaza Wires IPO?
Net proceeds from the issue are proposed to be utilised towards funding the capex for setting
About this in other media
Plaza Wires IPO: Latest GMP, subscription status, other details. Apply or not? livemint.com /7 months ago
Plaza Wires IPO booked 43.22x so far, driven by 175x retail subscription economictimes.indiatimes.com /7 months ago
Plaza Wires IPO: Bidding ends today. Check GMP, subscription status, apply or not? livemint.com /7 months ago
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