Plaza Wires Ltd Share Price – NSE  /  BSE

Cables, Small Cap

Plaza Wires will hold a meeting of the Board of Directors of the Company on 14 February 2024.

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Plaza Wires will hold a meeting of the Board of Directors of the Company on 14 November 2023.

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Plaza Wires will hold a meeting of the Board of Directors of the Company on 1 November 2023.

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The scrip was listed at Rs 84, exhibiting a premium of 55.56% to the issue price.

So far, the stock hit a high of Rs 84 and a low of Rs 75. On the BSE, over 5.31 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Plaza Wires was subscribed 160.97 times. The issue opened for bidding on 29 September 2023 and it closed on 5 October 2023. The price band of the IPO was fixed at Rs 51-54 per share.

The offer consisted of only a fresh issue of 1,32,00,158 equity shares. Of the net proceeds from fresh issue, about Rs 24.413 crore will be used for funding the capital expenditure towards setting up of a new manufacturing unit for house wires, fire resistant wires & cables, aluminium cables, and solar cables to expand product portfolio; Rs 22 crore towards funding working capital requirements and balance is for general corporate purposes.

The company's total borrowing as end of March 2023 stood at Rs 39.675 crore.

Plaza Wires is engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminum cables and fast-moving electrical goods (FMEG).

The company reported a consolidated net profit of Rs 7.51 crore and net sales of Rs 182.49 crore for the twelve months ended on 31 March 2023.

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