Plaza Wires Limited IPO: A Comprehensive Guide
Introduction
Plaza Wires Limited, a prominent player in the wires and cables industry, is all set to launch its initial public offering (IPO). As an investor or someone interested in the stock market, it's essential to stay informed about this exciting opportunity. In this comprehensive guide, we'll delve into the details of the Plaza Wires IPO, from its offerings to key dates and more.
IPO Dates and Listing:
- IPO Open Date: Friday, September 29, 2023
- IPO Close Date: Wednesday, October 4, 2023
- Basis of Allotment: Monday, October 9, 2023
- Initiation of Refunds: Tuesday, October 10, 2023
- Credit of Shares to Demat: Wednesday, October 11, 2023
- Listing Date: Thursday, October 12, 2023
Key IPO Details:
- Face Value: ₹10 per share
- Price Band: ₹51 to ₹54 per share
- Lot Size: 277 Shares
- Total Issue Size: 13,200,158 shares (aggregating up to ₹71.28 Cr)
- Issue Type: Book Built Issue IPO
- Listing Exchanges: BSE, NSE
Shareholding Pre and Post-Issue:
- Share Holding Pre Issue: 100%
- Share Holding Post Issue: 69.83%
Application and Allotment:
- Retail (Min): 1 Lot (277 Shares) for ₹14,958
- Retail (Max): 13 Lots (3601 Shares) for ₹194,454
- S-HNI (Min): 14 Lots (3,878 Shares) for ₹209,412
- S-HNI (Max): 66 Lots (18,282 Shares) for ₹987,228
- B-HNI (Min): 67 Lots (18,559 Shares) for ₹1,002,186
Categories and Reservation:
- QIB Shares Offered: Not less than 75.00% of the Net offer
- NII (HNI) Shares Offered: Not more than 15.00% of the Offer
- Retail Shares Offered: Not more than 10.00% of the Offer
What is Plaza Wires Limited?
Plaza Wires Limited is a company entering the stock market with an IPO. The IPO will provide an opportunity for investors to buy shares of the company and become partial owners.
Why Invest in IPOs?
Investing in IPOs can be lucrative as it allows you to buy shares of a company at an early stage. If the company performs well, the value of your shares can increase, leading to potential profits.
How to Apply for Plaza Wires Limited IPO?
To apply for Plaza Wires Limited IPO, you need to have a Demat account. You can apply through your stockbroker using UPI or ASBA (Application Supported by Blocked Amount).
Financials Of Plaza Wires Limited IPO
| Period Ended | Assets | Revenue | Profit After Tax |
|---|---|---|---|
| 31 Mar 2021 | 99.28 | 145.60 | 4.24 |
| 31 Mar 2022 | 104.17 | 176.94 | 5.95 |
| 31 Mar 2023 | 112.10 | 182.60 | 7.51 |
FAQs (Frequently Asked Questions):
Q1: What is the Plaza Wires Limited IPO?
The Plaza Wires Limited IPO refers to the Initial Public Offering of shares in Plaza Wires Limited, a company entering the stock market. The IPO allows investors to purchase shares of Plaza Wires Limited, making them partial owners of the company.
Q2: How can I apply for the IPO?
To apply for the Plaza Wires Limited IPO, you need to have a Demat account. You can apply through your stockbroker using UPI (Unified Payments Interface) or ASBA (Application Supported by Blocked Amount). Consult your stockbroker or the official IPO prospectus for specific application details.
Q3: What is the price band for the IPO shares?
The price band for Plaza Wires Limited IPO shares is set between ₹51 to ₹54 per share. This range determines the minimum and maximum price at which you can bid for shares during the IPO.
Q4: What is the lot size?
The lot size for the Plaza Wires Limited IPO is 277 shares. This means that investors need to bid for a minimum of 277 shares if they want to participate in the IPO.
Q5: When will the shares be listed for trading?
The shares of Plaza Wires Limited are scheduled to be listed for trading on Thursday, October 12, 2023. This is the date when the shares will become available for buying and selling on stock exchanges.
Q6: How much can I invest in the IPO?
The investment amount you can put into the Plaza Wires Limited IPO depends on the number of lots you choose to bid for. The minimum investment is based on the lot size of 277 shares, and you can bid for multiple lots based on your investment capacity.
Q7: What are the reservation categories in this IPO?
The IPO has three categories: Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs or HNIs), and Retail Investors. The reservation percentages are as follows: QIBs - Not less than 75.00% of the Net Offer, NIIs - Not more than 15.00% of the Offer, and Retail Investors - Not more than 10.00% of the Offer.
Q8: Where can I find more information about Plaza Wires Limited?
You can find more information about Plaza Wires Limited, its IPO, financial details, and other relevant information in the official IPO prospectus and on the websites of stock exchanges where the IPO is listed.
Q9: What is the significance of this IPO in the stock market?
The significance of this IPO in the stock market depends on various factors, including the company's performance and investor sentiment. IPOs provide an opportunity for investors to participate in a company's growth and can impact the stock market's overall dynamics.
Q10: How does the grey market price affect IPOs?
The grey market price is an unofficial market where shares of an IPO are traded before their official listing. It can provide an indication of investor sentiment and demand for the IPO. A high grey market price may suggest a strong interest in the IPO, while a lower price may indicate lower demand. However, it's important to note that grey market prices are not always accurate predictors of a stock's performance post-listing.