Plaza Wires IPO
Plaza Wires is one of the industry’s top players, particularly in Northern India. Plaza Cables, Action Cables, Plaza Fans, and Immersion Heater & Iron are among the company’s top sellers. Plaza Wires provides a diverse portfolio that includes everything from wires and cables to ceiling and wall fans, pedestals, tables, and exhaust fans. The organisation is committed to providing the greatest wires and cables for varied demands that are made from high-quality materials and available to all different types of customers. It sells its goods under the household names “PLAZA CABLES,” “ACTION WIRES,” and “PCG.”
Beginning in 2016, it went into agreements with independent producers and introduced FMEG items including electric fans and water heaters.
Plaza Wires IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
Plaza Wires IPO Dates |
29 Sep – 04 October 2023 |
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|
Plaza Wires IPO Price |
INR 51 – 54 per share (tentative) |
|
|
Fresh issue |
1,64,52,000 shares |
|
|
Offer For Sale |
NA |
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|
Total IPO Size |
1,64,52,000 shares |
|
|
Minimum bid (size) |
Coming Soon |
|
|
Face Value |
INR 10 per share |
|
|
Retail Allocation |
35% |
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Listing On |
NSE, BSE |
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Plaza Wires Financial Performance
| Signature Global Financial Performance | |||
|---|---|---|---|
|
|
FY 20 |
FY 21 |
FY 22 |
|
Revenue |
1,593.40 |
1,455.95 |
1,769.37 |
|
Expenses |
1,538.72 |
1,395.00 |
1,684.29 |
|
Net income |
40.00 |
43.98 |
61.21 |
|
Margin (%) |
6.80 |
7.61 |
7.55 |
Figures in INR Crore unless specified otherwise