Plaza Wires Incorporated in 2006 is an ISO 9001:2015 and 14001:2015 certified company engaged in the business of manufacturing and selling wires, as well as marketing LT aluminum cables and fast-moving electrical goods (FMEG) under their flagship brand, “PLAZA CABLES,” and home brands such as “Action Wires” and “PCG.” The company’s vision is to establish a strong presence in the domestic wire and cable industry by offering high-quality products at competitive prices.
In 2021, Plaza Wires introduced a line of house wires under the brand “Action Wires,” targeting the economical price range. the company is recognized as one of the growing manufacturers in the wires and cables industry in the northern region of India, offering a wide range of wires, cables, and FMEG products. Their product portfolio includes electric fans, water heaters, switches, and switchgears, PVC insulated electrical tape, and PVC conduit pipe & accessories.
Key products in the wires and cables segment for Plaza Wires include building wires (house wires), single and multicore round flexible industrial cables, and industrial cables for submersible pumps and motors up to 1.1kV grade. Other products like LT power control cables, TV dish antenna co-axial cables, telephone and switchboard industrial cables, computer and LAN networking cables, closed-circuit television cables, and solar cables, along with PVC insulated tape and PVC conduit pipe & accessories, are produced through informal arrangements with third-party manufacturers selected based on quality, reputation, and delivery standards.
In 2016 and onwards, Plaza Wires expanded its product line to include FMEG products like electric fans and water heaters. They have established partnerships with over 20 service centers in various states for after-sales service of electric fans. Additionally, in 2021, they further diversified their product portfolio by introducing miniature circuit breakers and distribution boards in the north and south India regions.
Sales distribution channels vary depending on geography and industry norms. The company employs three primary methods:
1. Dealer and Distribution Network: They collaborate with dealers and distributors selected based on their sales network, market reputation, and financial strength.
2. Government Tenders: They secure government tenders for supplying products to government projects.
3. Direct Sales to Infrastructure Projects: They directly sell products to infrastructure projects.
Throughout their operational history of over a decade, the company’s supply chain mainly consists of authorized dealers, distributors, retailers, and C&F (Carrying and Forwarding) agents. They have over 1,108 authorized dealers and distributors nationwide and C&F agents in three states: Punjab, Maharashtra, and Kerala. The company serves multiple states, including Delhi, Uttar Pradesh, Haryana, Kerala, Rajasthan, Uttarakhand, Himachal Pradesh, and Punjab.
Plaza Wires IPO Complete Details:
Plaza Wires IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF Karnika Industries is Around 23 Rs.
Objects Of Issue:
1. Financing the capital investment required for the establishment of a new manufacturing facility dedicated to the production of house wires, fire-resistant wires and cables, aluminum cables, and solar cables, with the aim of expanding our product range.
2. Allocating funds to meet the operational working capital needs of our company.
3. Utilizing funds for general corporate purposes.
Promoters:
1. Mr. Sanjay Gupta
– Position: Managing Director and Promoter
– Qualification: He holds a Bachelor of Commerce degree from the University of Delhi.
– Experience: Mr. Gupta brings approximately 25 years of experience in the electrical industry to the Company.
2. Mrs. Sonia Gupta
– Position: Whole-time Director and Promoter
– Qualification: She holds a Bachelor of Arts (Honours) degree from the University of Delhi.
– Experience: Mrs. Sonia Gupta has accumulated approximately 25 years of work experience in the electrical industry.
FAQs:
When Plaza Wires IPO is Opening?
Plaza Wires IPO is Opening on 29 September 2023(Friday).
When Plaza Wires IPO is Closing?
Plaza Wires IPO is Closing on 05 October 2023(Thursday).
What is the IPO Issue Size of Plaza Wires?
The IPO Issue Size of Plaza Wires is 71.28 Crore
Price Band of Plaza Wires IPO?
The price Band of Plaza Wires IPO is 51 to 54 rupees per share.
What is the minimum investment for Plaza Wires IPO?
The minimum investment for Plaza Wires IPO is 14,958 Rupees.
Allotment Date of Plaza Wires IPO?
The Allotment of Plaza Wires IPO is on 10 October 2023(Tuesday).
Listing Date of Plaza Wires IPO?
The Listing Of Plaza Wires is Scheduled on 13 October 2023(Friday).
One Should Apply for Plaza Wires IPO or Not?
will update soon
How to apply for Plaza Wires IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Plaza Wires IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Plaza Wires IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Plaza Wires IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Plaza Wires IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Plaza Wires IPO from the list ——–> Click on Plaza Wires IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is Plaza Wires IPO’s Lead Manager?
Pantomath Capital Advisors Private Limited is the Lead Manager of Plaza Wires.
Where To Check the Allotment of Plaza Wires IPO?
The allotment status for the Plaza Wires IPO will be accessible on the Kfin Technologies Limited Website.
Plaza Wires IPO is going to be listed at?
Plaza Wires IPO is going to be listed at NSE BSE
What is the Lot Size of the Plaza Wires IPO?
The lot size of Plaza Wires IPO is 277 Shares.
What is the EPS of Plaza Wires IPO?
The EPS of Plaza Wires is 2.46.
What is the P/E Ratio of Plaza Wires IPO?
The P/E Ratio of Plaza Wires is 21.95.