Plaza Wires IPO vs Updater Services IPO

Comparision between Plaza Wires IPO and Updater Services IPO.

IPO Details

Plaza Wires IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Updater Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Plaza Wires IPO	Updater Services IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Plaza Wires IPO is up to ₹71.28 Cr whereas the issue size of the Updater Services IPO is up to ₹640.00 Cr. The final issue price of Plaza Wires IPO is ₹54.00 per share and of Updater Services IPO is ₹300.00 per share.

	Plaza Wires IPO	Updater Services 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)
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		80,00,000 shares
OFS Issue Size (Amount)		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

IPO Timetable

Plaza Wires IPO opens on Sep 29, 2023, while Updater Services IPO opens on Sep 25, 2023. The closing date of Plaza Wires IPO and Updater Services IPO is Oct 05, 2023, and Sep 27, 2023, respectively.

	Plaza Wires IPO	Updater Services 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

Financials

Plaza Wires IPO P/E ratio is 21.95, as compared to Updater Services IPO P/E ratio of 44.31.

Plaza Wires IPO

Updater Services IPO

Financial

Plaza Wires Limited Financial Information (Restated)

Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	112.10	104.17	99.28
Revenue	182.60	176.94	145.60
Profit After Tax	7.51	5.95	4.24
Net Worth	53.08	45.52	39.48
Reserves and Surplus	22.53	14.96	35.66
Total Borrowing	39.68	40.09	43.30
Amount in ₹ Crore

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

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%%

Shares Offered

In the Plaza Wires IPO retail investors (RII) are offered 13,20,015 shares while in Updater Services IPO retail investors are offered 13,20,015 shares. Qualified institutional buyers (QIB) are offered 61,96,076 shares in Plaza Wires IPO and 64,00,000 shares in Updater Services IPO.

	Plaza Wires IPO	Updater Services IPO
Anchor Investor Reserveration	37,04,044 shares	96,00,000 shares
Market Maker Reserveration
QIB	61,96,076 shares	64,00,000 shares
NII	19,80,023 shares	32,00,000 shares
RII	13,20,015 shares	21,33,333 shares
Employee	0 shares	0 shares
Others
Total	94,96,114 shares	1,17,33,333 shares

Bids Received (Subscription)

Plaza Wires IPO subscribed 160.97x in total, whereas Updater Services IPO subscribed 2.96x.

	Plaza Wires IPO	Updater Services 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

Compare with others

Plaza Wires IPO	Updater Services IPO
Mamaearth IPO	Blue Jet Healthcare IPO
Blue Jet Healthcare IPO	Protean eGov Technologies IPO
Protean eGov Technologies IPO	IRM Energy IPO
IRM Energy IPO	Saraswati Saree Depot IPO
Saraswati Saree Depot IPO	Plaza Wires IPO
Updater Services IPO	Valiant Laboratories IPO
Valiant Laboratories IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	JSW Infrastructure IPO
JSW Infrastructure IPO	Sai Silks (Kalamandir) IPO
Sai Silks (Kalamandir) IPO	Yatra Online IPO

Comments

Add a public comment...