Plaza Wires IPO: Retail portion booked over 20 times so far

Plaza Wires IPO was issued fully subscribed on day 1. Plaza Wires IPO has opened for subscription today. It has been subscribed 3.39 times on day number 1 till now. According to the source, the Plaza Wires IPO was officially opened for subscription on 29 September 2023, Friday. It is going to remain open till 4th October 2023, Wednesday. Plaza Wires IPO has fixed the fixed price band at 51 to 54 per equity share for the proposed initial public offer. This news is trending on Twitter (X). Till 4th October 2023, Wednesday you can reserve in Plaza Wires IPO. To know everything about this read this article till the end without missing any details.

Plaza Wires IPO

According to the reports, so far, Plaza Wires IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB). It has not reserved more than 15% for Non Institutional Investors (NII). Also, it has not reserved more than 10% of the offer is reserved for Retail Investors. Plaza Wires IPO officially opened on 29th September 2023, Wednesday. On its 1st day, the Plaza Wires IPO retail investors portion has almost subscribed 20.06 times. As per the NII reports, it has been subscribed almost 2.86 times, and the portion has not been received by the Qualified Institutional Buyers (QIB). Continue reading.

If we look at Plaza Wires IPO subscription status details. So Plaza Wires IPO has almost received bids for 3,21,50,559 shares against the 94,96,114 shares. on the offer at 03:09 Indian Standard Times (IST). This information has been shared by BSE. Till now the Plaza Wires IPO retail investors portion has received the bids for 2,64,82,585 shares against 13,20,015 shares on the offer for this segment. Reports say that Plaza Wires IPO subscription is going to close on 4th October 2023. It will be listed on NSE and BSE with the tentative listing date scheduled for 13 October 2023, Friday.

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Some more information about Plaza IPO subscription has been disclosed. According to the source, Plaza Wires IPO non-institutional investors portion has received the bids for almost 56,60,218 shares against 19,80,023 on offer for this segment. And if we look at the Plaza IPO Qulaified Institutional Buyers portion it has received bids for 7,756 shares against 61,96,076 shares on the offer for this big segment. As of 2023, Plaza Wires IPO is worth Rs. 71.28 crores which has a completely fresh issue of 13,200,158 equity shares. And there is no offer for the sale of OFS components. Plaza Wires IPO issue register is Kfin Technologies Ltd. and its book-running lead manager is Pantomath Capital Advisors Pvt Ltd.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging