The Plaza Wires IPO started on September 29, 2023, and ended on October 4, 2023. Shares were allocated on October 9, 2023, and refund processes began on October 10, 2023. On October 11, 2023, the shares were credited to investors demat accounts. Plaza Wires was officially listed on the stock exchange on October 12, 2023.
During the IPO, Plaza Wires offered shares at a price range of ₹51 to ₹54 per share, and the lot size was 277 shares. The total issue size was ₹71.28 crores, with ₹71.28 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
Plaza Wires Limited IPO Subscription Update Video
Plaza Wires IPO Subscription Status
The Plaza Wires IPO on October 5, 2023 was subscribed 160.97 times, with the retail category being subscribed 374.81 times, the NII (Non-Institutional Investor) category being subscribed 388.09 times, the QIB (Qualified-Institutional Buyers) category being subscribed 42.84 times.
| Category | Subscription |
| QIB | 42.84x |
| NII | 388.09x |
| Retail | 374.81x |
| Total | 160.97x |
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 |
About Plaza Wires Limited
Plaza Wires Limited started in 2006 and makes wires, LT aluminum cables, and electrical stuff called FMEG. They have a big brand called “PLAZA CABLES” and some smaller ones like “Action Wires” and “PCG.”
Before, they were called Navratna Wires. They make house wires, flexible industrial cables, and cables for submersible pumps & motors up to 1.1kv grade. They also sell other wire stuff like power control cables, TV dish antenna cables, telephone cables, computer network cables, and more, but they get those from other companies.
If you have an electric fan from them, they have service centers in places like Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana, and Tamil Nadu. In 2021, they started selling miniature circuit breakers and distribution boards in North and South India.
As of March 31, 2023, they have 1249 dealers and distributors, and some offices and warehouses in places like Rajasthan, Uttarakhand, Uttar Pradesh, Maharashtra, Assam, Kerala, and Delhi. They also have an agent in Punjab.
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Plaza Wires IPO FAQs
What is the start and end date of Plaza Wires IPO Subscription?
The Plaza Wires IPO started on September 29, 2023, and ended on October 4, 2023.
When does Plaza Wires IPO Subscription open?
The Plaza Wires IPO open on September 29, 2023.
When does Plaza Wires IPO Subscription close?
The Plaza Wires IPO Close on October 4, 2023.
What is the allotment date of Plaza Wires IPO?
The allotment date for Plaza Wires IPO is October 9, 2023.
When is the initial refund date of Plaza Wires IPO?
The initial Refund date for Plaza Wires IPO is October 10, 2023.
When were the shares credited to investors demat accounts for the Plaza Wires IPO?
The shares for the Plaza Wires IPO were credited to investors demat accounts on October 11, 2023.
When will Plaza Wires IPO be listed on the stock market?
Plaza Wires IPO stock market will be listed on October 12, 2023 at 10 am.
What was the price range of the Plaza Wires IPO shares?
The Plaza Wires IPO shares were offered at a price range of ₹51 to ₹54 per share.
What was the lot size for the Plaza Wires IPO shares?
The lot size for the Plaza Wires IPO shares was 277 shares.
What was the total issue size of the Plaza Wires IPO?
The total issue size of the Plaza Wires IPO was ₹71.28 crores.
How were the shares allocated among different types of investors for the Plaza Wires IPO?
75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
On which stock exchanges was the Plaza Wires IPO listed?
The Plaza Wires IPO was listed on both the NSE and BSE.
What is the Plaza Wires IPO Subscription Status?
Plaza Wires IPO is subscribed Times.
