Plaza Wires Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Incorporated in 2006, Plaza Wires Limited, originally Navratna Wires, manufactures and markets wires, LT aluminium cables, and fast-moving electrical goods under its flagship brand "PLAZA CABLES" and home brands "Action Wires" and "PCG." Its product range includes house wires, single & multicore industrial cables, submersible pump cables, LT power control cables, coaxial cables, telephone & LAN cables, CCTV cables, solar cables, PVC insulated tape, and PVC conduit pipes, along with miniature circuit breakers and distribution boards. The company supports after-sales service through over 20 service centers across multiple states and has a distribution network comprising 1,249 authorized dealers and distributors, branch offices, warehouses, and C&F agents across India.
Price Band
₹51 – ₹54
Issue Size
₹71.28 Cr
Lot Size
277 shares
GMP
₹26
+48.1%
Est. Listing
₹80
at current GMP
Subscribed
160.97x
overall
Open
29 Sep 2023
Close
5 Oct 2023
Allotment
10 Oct 2023
Refund
11 Oct 2023
Demat Credit
12 Oct 2023
Listing
12 Oct 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Indian market segment
- •Price band established at ₹51 - ₹54 per equity share
- •Minimum bid lot is 277 shares
- •Estimated listing target of ₹80 based on current grey market activity