Plaza Wires Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Plaza Wires

CMP

95.20

-0.05 (-0.05%)

  • DRHP
₹54

Offer Price

₹ 71.28 Cr

Issue Size

₹ 14,958

Min Investment

160.97x

Times Subscribed

277

Lot size

Time Line

  • 29
    Sep 2023
    Open
  • 05
    Oct 2023
    Close
  • 10
    Oct 2023
    Finalisation of Basis of Allotment
  • 11
    Oct 2023
    Initiation of Refunds
  • 12
    Oct 2023
    Transfer of Shares to Demat Account
  • 12
    Oct 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • 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.

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.

Strengths

  • Product portfolio focused on various customer segments and markets.

  • The Company`s distribution network.

  • Its management and dedicated employee base.

Risks

  • 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.

Company Promoters

Promoters Holding

Issue For IPO
28.25%
Pre Holding

93.67%

Post Holding

65.42%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 176.77 (21.60%) 182.49 (3.20%) 14.15 (-)
Gross Profit 176.77 (21.60%) 182.49 (3.20%) 14.15 (-)
Net Income 176.77 (21.60%) 182.49 (3.20%) 14.15 (-)
Assets 176.77 (21.60%) 182.49 (3.20%) 14.15 (-)
Liabilities 176.77 (21.60%) 182.49 (3.20%) 14.15 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Plaza Wires Ltd 182.49 7.51 94.19 41.11 14.15 0.00 17.37 4.67 0.42
Cords Cable Industries Ltd 526.26 7.22 336.62 336.62 4.53 5.52 123.15 2.14 0.47
Ultracab (India) Ltd 107.36 5.82 88.43 88.43 18.18 0.61 3.35 6.57 1.05
V-Marc India Ltd 247.29 10.45 246.24 246.24 13.10 4.58 34.97 4.24 0.95
Dynamic Cables Ltd 668.63 31.01 403.34 403.34 17.47 14.09 80.60 7.68 0.46
Paramount Communications Ltd 796.47 47.77 503.91 503.91 19.11 2.40 12.87 9.47 0.63

Book Running Managers

  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

A-74 Okhla Industrial Area,
Phase-2,
New Delhi - 110020
Phone : 91-11-66369696 Email : compliance@plazawires.in www.plazawires.in

Offer Related Information

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

News

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