All you need to Know: Plaza Wires IPO 2023, Price, GMP, Lot Size, Subscription Status, Allotment Overview, Worth to Invest or not and much more..
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Plaza Wires IPO 2023: All You Need to Know
Are you ready to learn about IPOs? Plaza Wires IPO 2023 is creating quite a buzz in the market. If you're a potential investor or just curious about what Plaza Wires IPO has to offer, this article at PrimeNewsly is your one-stop destination for all the essential information.
Let's explore the Plaza Wires IPO, from its subscription status to the final allotment date.
Plaza Wires is a subsidiary of the renowned Plaza Group, providing a wide range of wire services. Safety, security, and reliability are the core values of the company, attracting investors with its consistent profit-making endeavours.
The IPO started on September 29, 2023, and will conclude on October 5, 2023. Plaza Wires IPO GMP today stands at Rs 51 to 54, making it an enticing opportunity for investors. To secure your profits, keeping a close eye on the allotment status is very important.
The lot size for plaza wires is set at 277 shares. Pre-issue, there were 30,551,920 shares, which increased to 43,752,078 post-issue. Here's a breakdown of subscription details:
An impressive 27.78 times subscription rate has been recorded for Plaza Wires IPO.
Plaza Wires IPO GMP Allotment Date is scheduled for October 9, 2023, with BSE/NSE listing on October 13, 2023, Monday.
Plaza IPO GMP, or Grey Market Premium, currently stands at +12, indicating that Plaza Wires shares are trading at a premium of ₹12 in the grey market.
With an expected listing price of ₹66 per share, 22.22% higher than the IPO price of ₹54, Plaza Wires IPO is generating considerable interest among investors.
To check the Plaza Wires IPO allotment status on BSE, follow these simple steps:
Where Will the Funds Go? Plaza Wires plans to use the net proceeds from the IPO for various purposes, including:
For Plaza Wires IPO, the price range is set at ₹51–54 per share. Bids can be made in multiples of 277 shares, translating to ₹14,127–14,958 per lot.
In the plaza wires limited, a total of 13,200,158 shares are available:
Plaza Wires Limited IPO
Date : 29-Sep to 04-Oct-2023
Price Band : 51 - 54
Market Lot : 277 Shares
Appl Amt : 14,958
Size : 71.28 Cr
Retail Portion : 10%
Retail Form : 4,765
HNI Small Form : 170
HNI Big Form : 340
Face Value : 10
IPOs Made…
According to Dilip Davda, contributing editor at Chittorgarh.com, Plaza Wires operates in a highly competitive industry. The IPO seems fully priced based on its FY23 profits, but investors may consider it for medium- to long-term gains.
Plaza IPO subscription status has seen bids for 59,59,19,795 shares against 94,96,114 shares on offer, according to data from the BSE.
Plaza Wires IPO, worth ₹71.28 crores, comprises a fresh issue of 13,200,158 equity shares, with no offer for sale (OFS) component. The company aims to use the funds for expanding its product line, covering various expenses, and supporting working capital requirements.
Plaza Wires IPO GMP today, or grey market premium, is +23. This suggests that Plaza Wires shares are trading at a premium of ₹23 in the grey market, indicating strong investor interest.
The estimated listing price stands at ₹77 apiece, 42.59% higher than the IPO price of ₹54.
Alternatively, you can check your Plaza Wires IPO allotment status on Kfin Technologies' official website:
1. Visit the official Kfin Technologies website.
2. Click on any of the five available links to view IPO Allotment Status.
3. Select 'Plaza Wires Limited IPO' from the dropdown.
4. Provide your application number.
5. Enter the captcha and click 'Submit.'
As Plaza Wires IPO draws to a close, investors are eagerly awaiting the results. With strong subscription numbers and promising GMP, Plaza Wires IPO is poised to make waves in the market. Stay tuned for the listing date and further updates on this exciting offering.
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Plaza Wires IPO GMP today stands at +23, indicating a premium of ₹23 in the grey market.
The Plaza Wires IPO has a share lot size of 277 shares.
The final allotment date for Plaza Wires IPO is October 9, 2023.
Plaza Wires IPO recommendation has witnessed strong subscription, with bids for 59,59,19,795 shares against 94,96,114 shares on offer.
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The tentative listing date for Plaza Wires IPO is Friday, October 13, 2023.
As you consider your investment options, keep these facts in mind, and stay informed about the latest updates on Plaza Wires IPO. Happy investing!
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