Plaza Wires Share Price Was Listed At ₹76 Per Share, 40.7% Higher

Hello friends, in this article we will talk about the Plaza Wires listing date. Plaza Wires is involved in the business of manufacturing and selling wires along with selling and marketing LT aluminum cables and fast-moving electrical goods (FMEG). Plaza Wires’ stakes cost was listed on the bourses at a premium on Thursday. On the NSE, Plaza Wires’ share cost was listed at ₹76 each share, 40.7% more elevated than the issue worth of ₹54, and on the BSE, Plaza Wires’ price was listed at ₹84 each share. Currently, this news has been gaining huge attention from the people. Here we have more information about the news and we will share it with you in this article.

Plaza Wires Share Price

Plaza Wires IPO Details

Plaza Wires IPO unlocked for subscription on Friday, 29 September, and shut on Thursday, 5 October. The company set the cost band at ₹51 to ₹54 per equity share for the initial general offer. Bids have been made for a minimum of 277 equity shares and in numerous of 277 equity shares after. Plaza Wires IPO was subscribed 4.73 times on day 1. On day 2 Plaza Wirse’s subscriptions status was 27.90 times. On day 3, IPO subscriptions status was 62.75 times. Scroll down to the next page for more information about the news.

Reportedly, plaza Wires IPO reserved shares not smaller than 75% in the public issue for Qualified Institutional Buyers (QIB), not over 15% for Non-Institutional Investors (NII), and not more than 10% of the offer has been reserved for Retail Investors. Now lots of people are super curious to know about the Plaza Wires IPO details. Scroll down to the next page for more information about the news, so please read the complete article.

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Plaza Wires IPO, which cost ₹71.28 crores, was the total issue of 13,200,158 equity shares; there was no offer for sale (OFS) segment. The company plans to utilize the net profits from the offering items including supporting the capital cost for unlocking a fresh manufacturing building to grow house wires, cables and fire-resistant wires, aluminum cables and solar cables to broaden the product line, funding the company’s working capital needs and general corporate intentions. Plaza IPO’s book-running lead director was Pantomath Capital Advisors Pvt Ltd, while the problem’s clerk was Kfin Technologies Limited. Plaza Wires IPO GMP today or grey market bonus is +23, similar to the last eight sessions. Here we have shared all the information that we had. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.