Plaza Wires IPO vs Sai Silks (Kalamandir) IPO

Comparison between Plaza Wires IPO and Sai Silks (Kalamandir) IPO.

IPO Details

Plaza Wires IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sai Silks (Kalamandir) IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Plaza Wires IPO is up to ₹71.28 Cr whereas the issue size of the Sai Silks (Kalamandir) IPO is up to ₹1,201.00 Cr. The final issue price of Plaza Wires IPO is ₹54.00 per share and of Sai Silks (Kalamandir) IPO is ₹222.00 per share.

 Plaza Wires IPOSai Silks (Kalamandir) IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹51.00 per share₹210.00 per share
Issue Price (Upper)₹54.00 per share₹222.00 per share
Issue Price (Final)₹54.00 per share₹222.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size277 shares67 shares
Fresh Issue Size1,32,00,158 shares2,70,27,027 shares
Fresh Issue Size (Amount)up to ₹71.28 Crup to ₹600.00 Cr
OFS Issue Size0 shares2,70,72,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹601.00 Cr
Issue Size Total1,32,00,158 shares5,40,99,027 shares
Issue Size Total (Amount)up to ₹71.28 Crup to ₹1,201.00 Cr

IPO Timetable

Plaza Wires IPO opens on Sep 29, 2023, while Sai Silks (Kalamandir) IPO opens on Sep 20, 2023. The closing date of Plaza Wires IPO and Sai Silks (Kalamandir) IPO is Oct 05, 2023, and Sep 22, 2023, respectively.

 Plaza Wires IPOSai Silks (Kalamandir) IPO
Anchor Bid DateSep 27, 2023Sep 18, 2023
Issue OpenSep 29, 2023Sep 20, 2023
Issue CloseOct 05, 2023Sep 22, 2023
Basis Of Allotment (Tentative)Oct 09, 2023Sep 27, 2023
Initiation of Refunds (Tentative)Oct 11, 2023Sep 29, 2023
Credit of Share (Tentative)Oct 12, 2023Oct 03, 2023
Listing date (Tentative)Oct 12, 2023Sep 27, 2023
Anchor Lockin End date 1Nov 08, 2023Oct 27, 2023
Anchor Lockin End date 2Jan 07, 2024Dec 26, 2023

Financials & KPIs

Plaza Wires IPO P/E ratio is 21.95, as compared to Sai Silks (Kalamandir) IPO P/E ratio of 27.37.

 Plaza Wires IPOSai Silks (Kalamandir) IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets112.10104.1799.28
Total Income182.60176.94145.60
Profit After Tax7.515.954.24
NET Worth53.0845.5239.48
Reserves and Surplus22.5314.9635.66
Total Borrowing39.6840.0943.30
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets1,220.45842.49665.42692.76
Total Income1,358.921,133.02679.101,178.62
Profit After Tax97.5957.695.1342.10
NET Worth397.33300.66242.99231.51
Reserves and Surplus373.27276.60218.93208.05
Total Borrowing345.50260.49217.22164.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10095.23
Promoter Shareholding (Post-Issue)69.8360.80
P/E Ratio21.9527.37
Market Cap₹236.26 Cr.₹3404.73 Cr.
ROE14.15%27.96%
ROCE15.57%23.55%
Debt/Equity0.750.87
EPS₹2.46₹8.11
RoNW14.16%24.56%

Shares Offered

In the Plaza Wires IPO Retail Individual Investors (RII) are offered 13,19,905 shares while in Sai Silks (Kalamandir) IPO retail investors are offered 13,19,905 shares. Qualified Institutional Buyers (QIB) are offered 61,96,213 shares in Plaza Wires IPO and 1,08,19,805 shares in Sai Silks (Kalamandir) IPO.

 Plaza Wires IPOSai Silks (Kalamandir) IPO
Anchor Investor Reservation37,04,044 shares1,62,29,707 shares
Market Maker Reservation
QIB61,96,213 shares1,08,19,805 shares
NII19,79,996 shares81,14,855 shares
RII13,19,905 shares1,89,34,660 shares
Employee
Others
Total1,32,00,158 shares5,40,99,027 shares

Bids Received (Subscription)

Plaza Wires IPO subscribed 160.97x in total, whereas Sai Silks (Kalamandir) IPO subscribed 4.47x.

 Plaza Wires IPOSai Silks (Kalamandir) IPO
QIB (times)42.84x12.17x
NII (times)388.09x2.54x
Big NII (times)360.92x3.03x
Small NII (times)442.42x1.57x
RII (times)374.81x0.91x
Employee (times)
Other (times)
Total (times)160.97x4.47x

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