Industry : Cable
Plaza wires View all IPOs
Price Band
Rs. 51 – Rs. 54
Plaza Wires is going public with a Fresh Issue. The issue opens on 29th September 2023.​​

Objective of the Issue


Objectives of the Issue​ Fresh Issue – Rs. 71 cr

The Objectives of the Offer are for:
1. Funding capital expenditure to set up a new plant to manufacture house wires, fire-resistant wires & and cables, aluminium cables, and solar cables.​
2. Funding working capital requirements​
3. General Corporate Purposes​​​

List of Shareholders Selling Their Stake

Business Operations

About Company

Plaza Wires is involved in the business of manufacturing and selling wires and cable which make up the majority of its revenue. They also sell fast-moving electrical goods such as fans, and switches.

​The company sells its products under the brands, “Plaza Cables”, “Action Wires”, and “PCG”.

The company currently has a capacity of 12,00,000 coils per annum and plans to increase this capacity by 837,000 coils per annum with part of the proceeds.

Segment Revenue Breakup

Revenue by segment:
Segment FY23​ FY 22​ FY 21​
Wires & Cables​ 90% 87%​​ 80%​​
FMEG​​ 6%​​ 7%​ 11%​​
PVC Pipes​ 4%​​ 5% 8%​​


Financial Overview

The revenue of the company has grown at a CAGR of 12% in the last two years. It has also been able to grow its net profit by 33%

The company had previously reported negative Cash flow from operations in FY21 which has since turned positive. The company has reported positive CFO in the last two years. But the company saw a decline in CFO in FY23 as compared to FY22​

In FY23, The company’s ROE was 14%, which improved from 11% in FY21

The debt-to-equity ratio of the company is 0.75 which was 0.88 in FY22.

Financial Performance (Rs/crore)

Rs./Crs FY 23 FY 22 FY 21
Sales 183 177 146
Net Profit​​​ 8 6 4