Plaza Wires Limited IPO DetailsPlaza Wires Limited IPO Details

The Plaza Wires Limited IPO presents a significant investment opportunity in the electrical industry. Established in 2006, Plaza Wires Limited has established itself as a dynamic player in wire manufacturing and distribution. With a strong market presence, the company specializes in the production and sale of wires, LT aluminum cables, and a diverse range of fast-moving electrical goods (FMEG). The company is widely recognized for its flagship brand, “PLAZA CABLES,” along with other home brands such as “Action Wires” and “PCG.”

Diverse Product Portfolio: Plaza Wires Limited offers an extensive range of wire and cable products tailored to various needs:

House Wires: Designed for secure and reliable electrical connections within homes and buildings.
Single & Multicore Round Flexible Industrial Cables: Ideal for industrial applications, offering flexibility and durability.
Industrial Cables for Submersible Pumps & Motors (Up to 1.1kv Grade): Catering to specific requirements of submersible pumps and motors with high-grade industrial cables.
LT Power Control Cables: Essential for power distribution and control systems.
TV Dish Antenna Co-axial Cables: Ensuring seamless television reception.
Telephone & Switchboard Industrial Cables: Crucial for communication systems in industrial settings.
Computer & LAN Networking Cables: Reliable solutions for data connectivity and networking.

Prospects for the Future: Plaza Wires Limited is poised for a promising future, driven by several key factors:

Innovation: Plaza Wires places a strong emphasis on innovation by investing in research and development to create products that meet evolving consumer needs and maintain high-quality standards.
Market Expansion: Successful product launches in northern and southern India indicate Plaza Wires’ expansion strategy. The company may explore new markets and product categories to diversify its offerings further.
Customer-Centric Approach: With over 20 service centers, Plaza Wires exemplifies its commitment to customer satisfaction. Enhancing this support system can solidify its reputation as a customer-centric brand.
Sustainability: In response to growing environmental awareness, Plaza Wires may consider eco-friendly initiatives and products that align with sustainable practices, appealing to environmentally conscious consumers.
Digital Presence: In an increasingly digital world, a robust online presence can boost brand visibility and accessibility. Plaza Wires may focus on enhancing its digital platforms to reach a wider audience.
Regulatory Compliance: Adherence to safety and quality standards will be vital for sustained growth.
As Plaza Wires Limited continues to evolve and adapt to industry trends and consumer preferences, it is well-positioned to maintain its leadership in the electrical solutions sector. With a strong foundation built on quality, service, and innovation, the company is ready to embrace the opportunities that lie ahead.

Objects of the Issue:

In its upcoming Initial Public Offering (IPO), Plaza Wires Limited intends to utilize the proceeds for several strategic purposes, aligning with its growth and expansion plans:

Setting Up a New Manufacturing Unit: A significant portion of the funds will finance the establishment of a state-of-the-art manufacturing unit. This facility will focus on the production of essential electrical components, including house wires, fire-resistant wires & cables, aluminum cables, and solar cables. This investment underscores the company’s commitment to innovation and product diversification.

Working Capital Requirements: Another key allocation of funds will be directed towards fulfilling the working capital needs of the company. Working capital is essential for the day-to-day operations, covering operational expenses, managing inventory, and ensuring seamless production processes.

General Corporate Purposes: A portion of the IPO funds will be earmarked for general corporate purposes. This category provides flexibility for the company to utilize the capital for various corporate needs, including expanding into new markets, investing in research and development, enhancing marketing efforts, exploring strategic partnerships, and meeting unforeseen financial requirements.

IPO Details:

IPO Date: September 29, 2023, to October 4, 2023.
Face Value: ₹10 per share.
Price Range: ₹51 to ₹54 per share.
Lot Size: 277 Shares.
Total Issue Size: 13,200,158 shares (aggregating up to ₹71.28 Cr).
Issue Type: Book Built Issue IPO.
Listing: BSE, NSE.

IPO Reservation:

Qualified Institutional Buyers (QIBs): Not less than 75.00% of the net offer.
Non-Institutional Investors (NIIs) – High Net Worth Individuals (HNIs): Not more than 15.00%.
Retail Investors: Not more than 10.00%.

Lot Size:

Retail (Min): 1 lot (277 shares, ₹14,958).
Retail (Max): 13 lots (3601 shares, ₹194,454).

Promoter Holding:

Pre-Issue: 100% held by promoters.
Post-Issue: Promoters’ shareholding reduces to 69.83%.

Tentative Dates:

IPO Open Date: September 29, 2023.
IPO Close Date: October 4, 2023.
Basis of Allotment: October 9, 2023.
Initiation of Refunds: October 10, 2023.
Credit of Shares to Demat: October 11, 2023.
Listing Date: October 12, 2023.

IPO Registrar:

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: Kfin Technologies


The Plaza Wires Limited IPO presents an exciting investment opportunity in a company that is well-poised for future growth and innovation in the electrical industry. Investors should consider the company’s strong product portfolio, commitment to customer satisfaction, and strategic allocation of IPO funds when making investment decisions. Don’t miss the chance to be part of Plaza Wires Limited’s journey as it continues to evolve and thrive in the ever-changing market.


What is Plaza Wires IPO?

Plaza Wires IPO represents a main-board Initial Public Offering (IPO) consisting of 13,200,158 equity shares with a face value of ₹10 each, totaling ₹71.28 Crores in value. The offering is priced in the range of ₹51 to ₹54 per share and is open for subscription from September 29, 2023, to October 4, 2023.

How to Apply for Plaza Wires IPO through Zerodha?

To participate in the Plaza Wires IPO through Zerodha, Zerodha account holders can apply online using UPI as their payment gateway. Here’s a step-by-step process:
Visit the Zerodha website and log in to the Console.
Navigate to the Portfolio section and click on the IPOs link.
Locate the ‘Plaza Wires IPO’ entry and click the ‘Bid’ button.
Enter your UPI ID, desired Quantity, and Price.
Submit the IPO application form.
Visit your UPI App (either net banking or BHIM) to approve the mandate.
When Does Plaza Wires IPO Open?
The Plaza Wires IPO opens for subscription on September 29, 2023, and will remain open until October 4, 2023.

What is the Lot Size of Plaza Wires IPO?

The lot size for the Plaza Wires IPO is 277 shares, requiring a minimum investment of ₹14,958.

How Can You Apply for Plaza Wires IPO?

You have the option to apply for Plaza Wires IPO online using either UPI or ASBA as your payment method. ASBA IPO applications can be made through your bank’s net banking service, while UPI IPO applications are available through brokers who do not offer banking services.

When Will Plaza Wires IPO Allotment Occur?

The finalization of the Basis of Allotment for Plaza Wires IPO is scheduled for Monday, October 9, 2023. The allotted shares will be credited to your demat account by Wednesday, October 11, 2023.

When is Plaza Wires IPO Listing Date?

The anticipated listing date for the Plaza Wires IPO is Thursday, October 12, 2023. It’s important to note that listing dates are subject to change, so it’s advisable to verify this information with your broker or consult financial news sources for the most up-to-date details.

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