IPO Snapshot
Plaza Wires Ltd.
Issue Open Date 29-Sep-23  
Issue Closing Date 05-Oct-23  
Application Money 100  
Allotment Money  
Price Band 51 - 54  
Minimium Application No. 277  
Issue Size (Shares) 13200158  
Market Lot 1  
1. Funding the capital expenditure towards setting up of a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables and solar cables to expand our product portfolio;(hereinafter referred to as the “Project”)2. Funding the working capital requirements of our Company.3. General corporate purposes.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   1980023   768417667   388.085222747413  
Qualified Institutional Buyers   6196076   265462119   42.8435866506479  
Retail Individual Investors   6196076   265462119   42.8435866506479  
Business Description:
We are an ISO 9001:2015 and 14001:2015 certified company engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fastmoving electrical goods (“FMEG”) under our flagship brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG”. Our business was started with a vision to create a niche in the domestic wire and cable industry with an approach to provide quantitative and qualitative products at competitive prices to customer for various backgrounds. In 2021, we launched a line of house wire under the brand “Action Wires” for product at economical price range. According to the Resurgent India Research Report, we are one of the growing manufacturers in the wires and cables industry in northern region in India, and provide extensive range of wires and cables. Our product mix comprises different type of wires and cables, and FMEG such as electric fans, water heaters, switches and switchgears, PVC insulated electrical tape and PVC conduit pipe & accessories. According to Resurgent India Limited, the wires and cables industry in India, in value terms, has grown at a compound annual growth rate (“CAGR”) of approximately 13.68% in the last five years to reach ?788.00 billion in Fiscal 2021. Resurgent India Limited expects the wires and cables industry in India to expand at a CAGR of approximately 14.50% in value terms to reach approximately ?1550.00 billion by Fiscal 2026.
Promoter's Holding
Total Share Capital   30551920  
Offered to Public   13200158  
Promoter's Holding (Pre-Issue)   100  
Promoter's Holding (Post-Issue)    
A-74 Okhla Industrial Area
South Delhi
New Delhi ,
Delhi ,
Phone : 011-66369696
Email : info.it@plazacables.com
Website : www.plazawires.in
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Arunachal Building
Barakhamba Road
New Delhi
Listed at
Lead Manager
Pantomath Capital Advisors Pvt Ltd.
Sanjay Gupta
Sonia Gupta