The Plaza Wires IPO commenced on September 29, 2023, and concluded on October 4, 2023. The allotment of shares took place on October 9, 2023, and the initiation of refunds began on October 10, 2023. The shares were credited to the demat accounts of investors on October 11, 2023. Finally, the listing of Plaza Wires on the stock exchange occurred on October 12, 2023.
The Plaza Wires IPO was priced at ₹51 to ₹54 per share, with a lot size of 277 shares. The total issue size was ₹71.28 crores, comprising a fresh issue of ₹71.28 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.
Plaza Wires IPO Basic Details
|Company Name||Plaza Wires Limited|
|Domain of Company||Making and Selling Wires, Lt Aluminium Cables,|
and Fast-moving Electrical Goods (FMEG)
|Plaza Wires IPO GMP Today||₹23|
|Plaza Wires IPO Listing Gain||42.59%|
|Plaza Wires IPO Open Date||Septmebr 29, 2023|
|Plaza Wires IPO Close Date||October 4, 2023|
|Plaza Wires IPO Allotment Date||October 9, 2023|
|Plaza Wires IPO Listing Date||October 12, 2023|
|Face Value||₹10 per share|
|Price||₹51 to ₹54 per share|
|Lot Size||277 Shares|
|Issue Size||13,200,158 shares of ₹10|
(aggregating up to ₹71.28 Cr)
|Fresh Issue||13,200,158 shares of ₹10|
(aggregating up to ₹71.28 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||Mr. Sanjay Gupta and Mrs. Sonia Gupta|
Plaza Wires IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|7 October 2023||₹23||42.59%||–||–|
|6 October 2023||₹23||42.59%||–||–|
|5 October 2023||₹23||42.59%||–||–|
|4 October 2023||₹23||42.59%||–||–|
|3 October 2023||₹23||42.59%||–||–|
|2 October 2023||₹12||22.22%||–||–|
|1 October 2023||₹12||22.22%||–||–|
|30 September 2023||₹12||22.22%||–||–|
|29 September 2023||₹12||22.22%||–||–|
|28 September 2023||₹12||22.22%||–||–|
Plaza Wires Limited IPO Details:
Plaza Wires Limited started its journey in 2006. They’re all about making and selling wires, especially LT aluminium cables and fast-moving electrical goods. They go by the name “PLAZA CABLES” for their flagship brand, and they also have their own brands like “Action Wires” and “PCG.”
Originally, Plaza Wires went by the name Navratna Wires. Their main products in the wires and cables business are house wires, flexible industrial cables for homes and industries, and industrial cables for submersible pumps and motors up to 1.1kv grade. They also offer other types of wires and cables, like LT power control cables, TV dish antenna cables, telephone and switchboard cables, computer and LAN networking cables, CCTV cables, solar cables, PVC insulated tape, and PVC conduit pipe and accessories. They get these from other manufacturers.
If you ever need help with electric fans from Plaza Wires, they’ve got you covered. They have partnered with over 20 service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu. In 2021, they expanded their offerings by adding miniature circuit breakers and distribution boards (DB) in the north and south Indian regions.
As of March 31, 2023, Plaza Wires has more than 1,249 authorized dealers and distributors. They have 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, plus another branch office with storage space in Maharashtra. They also have 4 warehouses in Uttar Pradesh, Assam, Kerala, and Delhi, and they have a C&F agent in Punjab.
Plaza Wires IPO More Details Click Here
Plaza Wires IPO FAQs
When is Plaza Wires IPO open?
Plaza Wires IPO will open on 29 September 2023.
When is Plaza Wires IPO Close?
Plaza Wires IPO will be closed on 4 October 2023.
What is Plaza Wires IPO GMP Today?
The Plaza Wires IPO GMP aka Grey Market Premium is ₹23.
What is Plaza Wires IPO Kostak Rates Today?
The Plaza Wires IPO Kostak Rate is ₹000.
What is Plaza Wires IPO Subject to Sauda Price Today?
The Plaza Wires IPO subject to sauda rates is ₹000.
Plaza Wires IPO Expected Returns?
The Plaza Wires expected return is 42.59%.
How much will be the listing gain in Plaza Wires IPO?
Plaza Wires IPO will get listing gain of 42.59%. (Approx.)