Plaza Wires Limited IPO
Plaza Wires Limited was a mainboard IPO in the Cables - Electricals sector, offered at ₹51–₹54 per share to raise ₹71 crore. The issue was subscribed 160.97× overall (QIBs 42.84×, NIIs 388.09×, retail 374.81×). It listed on 12 Oct 2023 at ₹76 and closed its first day at ₹80, a listing gain of +48.5% versus the ₹54 issue price. It now trades around ₹51 (-6.3% versus the issue price).
Frequently asked questions
- How many times was the Plaza Wires Limited IPO subscribed?
- The Plaza Wires Limited IPO was subscribed 160.97× overall — 42.84× in the QIB category, 388.09× among non-institutional investors, 374.81× in retail.
- What were the Plaza Wires Limited IPO listing gains?
- Plaza Wires Limited listed on 12 Oct 2023 at ₹76, closing its first day at ₹80 — a listing gain of +48.5% versus the ₹54 issue price.
- What were the retail allotment odds for the Plaza Wires Limited IPO?
- Retail was subscribed 374.81×, so a single-lot application had roughly a 0.3% chance of allotment (about 1 in 375), and allotment was finalised on 6 Oct 2023.
- What was the price band and lot size of the Plaza Wires Limited IPO?
- The price band was ₹51–₹54 per share, with a minimum lot of 277 shares (₹14,958 at the upper band).
- Who were the registrar and lead manager for the Plaza Wires Limited IPO?
- KFin Technologies Limited was the registrar, and Pantomath Capital Advisors was the book-running lead manager.