Plaza Wires Ltd. IPO

Plaza Wires is a renowned player in the wires, cables, and FMEG sector. Known for its flagship brand "PLAZA CABLES" and home brands like "Action Wires" and "PCG," Plaza Wires offers high-quality products. Their range includes wires, cables, and FMEG items like electric fans and water heaters. They have a strong dealer and distribution network, serving customers across India and participating in government projects.

RHP
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DRHP
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Open Date

2023-09-29

Close Date

2023-10-04

Plaza Wires Ltd. IPO Details

Check out the issue details for Plaza Wires Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 54

Price Band

₹ 51 - 54

Issue Size

71.28 Cr.

Issue Type

Book Built

Open

2023-09-29

Close

2023-10-04

Listingprice

₹ 76

ListingGain

40.74%

Listing Date

2023-10-12

CMP

₹ 81.46

Current Return

50.85%

Company Financials

You can get the following financial statements of Plaza Wires Ltd. as of now.

The details about the Plaza Wires IPO is as:

  • The issue size of the IPO is 71.28 Cr.
  • The price band for Plaza Wires IPO is Rs 51 to Rs 54.
  • The shares of Plaza Wires IPO will list on 12th October 2023.
  • The latest tentative GMP of Plaza Wires IPO is Rs 23.
  • The shares of Plaza Wires IPO is subscribed 160.96 Times as of 5th October 2023. 

 

Plaza Wires IPO Valuation

The approx valuation of Plaza Wires IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 54
Existing Shares (Qty) 3.05 Cr
Fresh Issue 71,28 Cr
Market Cap 235.98 Cr
EPS (FY23) Rs 2.46
PE Ratio 21.95x
Industry PE 24.43x

 

Plaza Wires IPO Issue Size

Plaza Wires IPO issue size is 71,28 Cr. 

Issue Amount
Fresh Issue 71,28 Cr
Offer For Sale 0 Cr

  

Plaza Wires IPO Market Lot

An Individual can apply for a minimum 1 lot of 277 shares and a maximum of 13 lots of 3601 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 277 14,958
 Maximum 13 3601 1,94,454

 

Plaza Wires IPO IPO share offer

The shares of Plaza Wires IPO is subscribed 160.96 Times as of 5th October 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 42.84 Times
Non-Institutional Maximum 15% 388.07 Times
Retail Individual Maximum 10% 374.73 Times
Total   160.96 Times

 

Find below the dates for Plaza Wires IPO:

Schedule Date
Basis of Allotment 9 October 2023
Refunds 10 October 2023
Credit to Demat Account 11 October 2023
IPO Listing Date 12 October 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 159.14 145.38 176.77 182.49 198.81
Total Expenditure 148.51 134.52 163.59 166.79 188.89
Operating Profit 10.64 10.86 13.19 15.7 9.91
Other Income 0.2 0.22 0.16 0.1 1.1
Interest 4.07 3.74 3.43 4.22 4.33
Depreciation 1.3 1.24 1.29 1.25 1.46
Exceptional Items 0 0 0 0 0
Profit Before Tax 5.47 6.1 8.64 10.33 5.22
Provision for Tax 1.46 1.72 2.68 3.04 1.55
Net Profit 4 4.4 6.04 7.3 3.68
Adjusted EPS (Rs.) 0.13 0.14 0.19 0.24 0.08

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 3.82 3.82 30.55 30.55 43.75
Total Reserves 31.39 35.79 14.96 22.53 75.77
Borrowings 4.96 8.76 5.23 5.68 3.06
Other N/C liabilities 0.97 1.43 1.77 1.87 1.53
Current liabilities 46.82 49.49 51.65 51.47 48.66
Total Liabilities 87.96 99.29 104.17 112.1 172.77
Assets
Net Block 20.23 20 23.14 23.06 25.74
Capital WIP 0 0 0 2.78 2.83
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 0.35 0.27 1.17 0.88 1.12
Other N/C Assets 0 0 0 0 0
Current Assets 67.38 79.01 79.86 85.38 143.07
Total Assets 87.96 99.29 104.17 112.1 172.77
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.03 0.33 0.66 0.36 0.15
Profit Before Tax 2.4 0.48 0.98 0.98 0.13
Tax 0.85 -0.02 0.35 0.29 -0.03
Profit After Tax 1.54 0.5 0.63 0.69 0.16
Adjusted EPS (Rs) 0.51 0.11 0.14 0.16 0.04

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 69.83 0
Jun 2024 69.83 0
Mar 2024 69.83 0
Dec 2023 69.83 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 5.47 6.1 8.64 10.33 5.22
Adjustment 5.36 5.2 5.06 5.69 4.81
Changes in Assets & Liabilities -7.21 -12.08 -1.15 -5.14 -33.14
Tax Paid -1.96 -1.65 -1.52 -2.28 -4.1
Operating Cash Flow 1.65 -2.44 11.04 8.6 -27.2
Investing Cash Flow -1.26 -0.79 -4.23 -3.92 -3.18
Financing Cash Flow -0.39 3.23 -6.81 -4.68 60.06
Net Cash Flow 0 0 0 0 29.67
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