Plaza Wires Limited IPO

29 Sep 2023 - 05 Oct 2023 Individual Category IPO NSE

Min Investment

₹26010

Price Band

₹51-₹54

Issue Size

1.35 thousands
Equity Shares

Lot Size

255 (per lot)

IPO Dates
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29 Sep 2023

Open Date

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05 Oct 2023

Close Date

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09 Oct 2023

Allotment Date

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13 Oct 2023

Listing Date

Plaza Wires IPO is a book built issue of Rs 71.28 crores. The issue is entirely a fresh issue of 1.32 crore shares. Plaza Wires IPO is open for subscription on September 29, 2023 and close today October 5, 2023. The allotment for the Plaza Wires IPO is expected to be finalized on Monday, October 9, 2023. Plaza Wires IPO will list on BSE, NSE with tentative listing date fixed as Friday, October 13, 2023.   Plaza Wires IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 277 Shares. The minimum amount of investment required by retail investors is ₹14,958. The minimum lot size investment for sNII is 14 lots (3,878 shares), amounting to ₹209,412, and for bNII, it is 67 lots (18,559 shares), amounting to ₹1,002,186.

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About Plaza Wires Limited Ipo

Incorporated in 2006, Plaza Wires Limited is engaged in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fastmoving electrical goods (FMEG) under its flagship brand "PLAZA CABLES" and home brands such as "Action Wires" and "PCG". Plaza Wires was originally incorporated as Navratna Wires. Its key products in the wires and cables segment include house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. The company also provides other wires and cable products such as LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, close circuit television cables and solar cables, PVC insulated tape, and PVC conduit pipe & accessories, through third-party manufacturers.

Founded

Managing Director

Parent Organization

IPO Objectives

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio. Funding the working capital requirements of the company. General corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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