Comparison between Plaza Wires IPO and Updater IPO.
Plaza Wires IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Updater IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Plaza Wires IPO is up to ₹71.28 Cr whereas the issue size of the Updater IPO is up to ₹640.00 Cr. The final issue price of Plaza Wires IPO is ₹54.00 per share and of Updater IPO is ₹300.00 per share.
| Plaza Wires IPO | Updater IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | ₹280.00 per share |
| Issue Price (Upper) | ₹54.00 per share | ₹300.00 per share |
| Issue Price (Final) | ₹54.00 per share | ₹300.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 277 shares | 50 shares |
| Fresh Issue Size | 1,32,00,158 shares | 1,33,33,333 shares |
| Fresh Issue Size (Amount) | up to ₹71.28 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 0 shares | 80,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹240.00 Cr |
| Issue Size Total | 1,32,00,158 shares | 2,13,33,333 shares |
| Issue Size Total (Amount) | up to ₹71.28 Cr | up to ₹640.00 Cr |
Plaza Wires IPO opens on Sep 29, 2023, while Updater IPO opens on Sep 25, 2023. The closing date of Plaza Wires IPO and Updater IPO is Oct 05, 2023, and Sep 27, 2023, respectively.
| Plaza Wires IPO | Updater IPO | |
|---|---|---|
| Anchor Bid Date | Sep 27, 2023 | Sep 22, 2023 |
| Issue Open | Sep 29, 2023 | Sep 25, 2023 |
| Issue Close | Oct 05, 2023 | Sep 27, 2023 |
| Basis Of Allotment (Tentative) | Oct 09, 2023 | Sep 28, 2023 |
| Initiation of Refunds (Tentative) | Oct 11, 2023 | Sep 29, 2023 |
| Credit of Share (Tentative) | Oct 12, 2023 | Oct 03, 2023 |
| Listing date (Tentative) | Oct 12, 2023 | Oct 04, 2023 |
| Anchor Lockin End date 1 | Nov 08, 2023 | Oct 28, 2023 |
| Anchor Lockin End date 2 | Jan 07, 2024 | Dec 27, 2023 |
Plaza Wires IPO P/E ratio is 21.95, as compared to Updater IPO P/E ratio of 44.31.
| Plaza Wires IPO | Updater IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 80.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.83 | 58.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.95 | 44.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹236.26 Cr. | ₹2001.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.15% | 9.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 15.57% | 14.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.75 | 0.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.46 | ₹6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 14.16% | 9.34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Plaza Wires IPO Retail Individual Investors (RII) are offered 13,19,905 shares while in Updater IPO retail investors are offered 13,19,905 shares. Qualified Institutional Buyers (QIB) are offered 61,96,213 shares in Plaza Wires IPO and 64,00,001 shares in Updater IPO.
| Plaza Wires IPO | Updater IPO | |
|---|---|---|
| Anchor Investor Reservation | 37,04,044 shares | 96,00,000 shares |
| Market Maker Reservation | ||
| QIB | 61,96,213 shares | 64,00,001 shares |
| NII | 19,79,996 shares | 31,99,999 shares |
| RII | 13,19,905 shares | 21,33,333 shares |
| Employee | ||
| Others | ||
| Total | 1,32,00,158 shares | 2,13,33,333 shares |
Plaza Wires IPO subscribed 160.97x in total, whereas Updater IPO subscribed 2.96x.
| Plaza Wires IPO | Updater IPO | |
|---|---|---|
| QIB (times) | 42.84x | 4.50x |
| NII (times) | 388.09x | 0.89x |
| Big NII (times) | 360.92x | 1.07x |
| Small NII (times) | 442.42x | 0.53x |
| RII (times) | 374.81x | 1.45x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 160.97x | 2.96x |
