Plaza Wires, a fast-moving electrical goods company, is set to launch its IPO on September 29. The IPO consists of a fresh equity issue of 1.32 crore shares, with a price band of Rs 51-54 per share. The company aims to raise funds for setting up a new manufacturing unit, expanding its product portfolio, and meeting working capital requirements. The IPO is expected to be listed on both exchanges, with the final share allotment on October 9 and listing on October 12.
The company s product mix includes different types of wires and cables, and fast-moving electrical goods such as electric fans, water heaters, switches and switchgear, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe and accessories.