Plaza Wires Ltd

(PLAZACABLE)

Plaza Wires Limited was originally incorporated as Navratna Wires Private Limited on August 23 2006 by the RoC Delhi and Haryana. The Company converted to Plaza General Cable Wire Private Limited on October 26 2007. Pursuant to a Special Resolution passed by Shareholders of Company again name of the Company was changed to Plaza Wires Private Limited on February 06 2009. Thereafter Company converted into a Public Company and its name changed to Plaza Wires Limited vide a fresh Certificate of Incorporation on March 10 2022. The Company is into manufacturing and selling of electrical wires and selling and marketing of LT aluminium cables and fast moving electrical goods FMEG. The existing manufacturing unit is located at Baddi Himachal Pradesh. The business model include dealer distribution network to sell and promote products including sales through CF agents. It select distributors based on their sales network market reputation and financial strength including sales securing tenders for supply of government projects and direct sales to infrastructure projects. The distribution network comprised over 1108 authorized dealers and distributors 4 branch offices in Uttarakhand Rajasthan Kerala and Uttar Pradesh 3 warehouses in Uttar Pradesh Assam and Delhi and CF agents in Punjab Kerala and Maharashtra. At present Company has product mix comprising i Wires and Cables ii FMEG products such as electric fans water heaters Switch and switch gears PVC insulated tape and PVC conduit pipe accessories. Key wires and cables products include building wires also known as house wires flexible cables and flexible/single multi core cables and submersible cables flexible control cables LT power control cable TV dish antenna coaxial cables telephone switch board industrial cable computer LAN networking cable close circuit television cables and solar cables. The Company got into marketing and sales of Aluminium Cables through manufacturers under home brand Plaza Cables in 2009. It purchased assets from Sonia Gupta then partner of Plaza Electrical Industries. In 2011 it got into marketing of PVC Conduit Pipes and Accessories and PVC Insulated Tapes for the retail market under home brand PCG. Later on Company expanded operations by getting into Southern India market with Kerala Tamil Nadu and Karnataka in 2016. It launched FMEG products such as electric fans and water heaters. It launched 3D Wires having triple layer bunching and triple coating of PVC in 2017. It started marketing and sales of ceiling fans ventilation fans TPW fans exhaust fans and farrata fans under home brand Plaza Cables in 2018. In 2021 it launched a line of house wire under brand Action Wires for product at an economical price. It launched miniature circuit breakers and distribution board DB in north and south India region.The Company is planning to come out with an initial public offer consisting of 16452000 Equity Shares..

Share Price: ₹81.23 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹367.78Cr as of today
Listing date: 12 Oct, 2023
Chairperson Name: Sanjay Gupta