Open Date
29 Sep 2023
05 Oct 2023
277 shares
₹71.28 Cr
Lot Size
IPO Size
Listing At
BSE NSE
Listing Date
Price Range
₹51 to ₹54
Close Date
Allotment Date
10 Oct 2023
13 Oct 2023
Plaza Wires Limited, a 2006 incorporation, manufactures and sells wires as well as sells and markets LT aluminum cables and fast-moving electrical goods (FMEG) under the "PLAZA CABLES" and "Action Wires" and "PCG" household brands. Navratna Wires, Plaza Wires' predecessor, was incorporated first. House wires, single & multicore round flexible industrial cables, and industrial cables for submersible pumps & motors up to 1.1kv grade are some of its important goods in the wires and cables category. LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, close circuit television cables, solar cables, PVC insulated tape, and PVC conduit pipe & accessories are some of the other wires and cable products that the company offers through third parties.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects: Funding the capital expenditure towards setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, and solar cables to expand the product portfolio. Funding the working capital requirements of the company. General corporate purposes.
The book-running lead managers to the offer are: Pantomath Capital Advisors Pvt Ltd
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