Plaza Wires Limited to Launch IPO
Plaza Wires Limited, a company established in 2006, is gearing up to go public through an Initial Public Offering (IPO). The company primarily focuses on manufacturing and selling wires, LT aluminium cables, and fast-moving electrical goods (FMEG) under its flagship brand, "PLAZA CABLES," along with home brands such as "Action Wires" and "PCG." Key Products: Plaza Wires is renowned for its various wire and cable products, including house wires, single and multicore round flexible industrial cables, and industrial cables for submersible pumps and motors up to 1.1kv grade. Additionally, they offer LT power control cables, TV dish antenna co-axial cables, telephone and switchboard industrial cables, computer and LAN networking cables, closed-circuit television cables, solar cables, PVC insulated tape, and PVC conduit pipe and accessories through third-party manufacturers. Objects of the Issue: The company plans to allocate the net proceeds from the IPO for the following purposes:
Funding the capital expenditure required for establishing a new manufacturing unit dedicated to house wires, fire-resistant wires and cables, aluminium cables, and solar cables to diversify their product range.
Meeting the working capital needs of the company.
General corporate purposes.
Plaza Wires Limited IPO Details For investors eager to participate in this exciting opportunity, here are the essential details:
IPO Date: September 29 to October 4, 2023
Price Band: ₹51 to ₹54 per share
Lot Size: 277 Shares
Total Issue Size: ₹71.28 Crores
Retail Quota: 10%
Allotment Date: October 9/10, 2023
Listing Date: October 12, 2023
Grey Market Premium (GMP): +25% as of September 26th (Provided for informational purposes only) 🔸Link for checking IPO Allotment Status 👇 https://evault.kfintech.com/ipostatus/ 💰Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
Frequently Asked Questions (FAQs)
1. What does Plaza Wires Limited specialize in?
A: Plaza Wires Limited is primarily engaged in the manufacturing and sale of wires, LT aluminium cables, and fast-moving electrical goods (FMEG) under various brand names.
2. Who are the promoters of Plaza Wires Limited?
A: Mr. Sanjay Gupta and Mrs. Sonia Gupta are the promoters of the company.
3. What is the IPO date for Plaza Wires Limited?
A: The IPO is scheduled to take place from September 29 to October 4, 2023.
4. When will the Plaza Wires IPO shares be listed on the stock exchange?
A: The shares are expected to be listed on October 12, 2023.
5. What is the Grey Market Premium (GMP) for Plaza Wires IPO? A: As of September 26th, the GMP was reported at +25%. Please note that GMP is for informational purposes and may fluctuate. DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.