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Issue Open Date
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29-Sep-23
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Issue Closing Date
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05-Oct-23
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Application Money
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100
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Allotment Money
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Price Band
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51
-
54
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Minimium Application No.
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277
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Issue Size (Shares)
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13200158
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Market Lot
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1
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Objective
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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.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1980023
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768417667
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388.085222747413
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Qualified Institutional Buyers
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6196076
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265462119
|
42.8435866506479
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Retail Individual Investors
|
6196076
|
265462119
|
42.8435866506479
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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.
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Promoter's Holding
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Total Share Capital
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30551920
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Offered to Public
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13200158
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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Address |
A-74 Okhla Industrial Area
Phase-2
South Delhi
New Delhi
,
Delhi
,
110020
Phone :
011-66369696
Email :
info.it@plazacables.com
Website :
www.plazawires.in
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
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Pantomath Capital Advisors Pvt Ltd.
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Promoters |
Sanjay Gupta
Sonia Gupta
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