Plaza Wires Limited IPO GMP: The IPO (initial public offer) of Delhi-based Plaza Wires opened on Thursday, September 29, 2023, and will be closed on October 5, 2023. This IPO got a good response on the first day.
On listing, Plaza Wires Limited will have an indicative market cap of Rs. 237 crore at the IPO price. The issue size of this plaza wires ipo limited is 71.28 crores.
It received 27.28 times subscriptions in the retail category, while it received 4.80 times subscriptions from non-non-institutional investors.
It has a face value of Rs.10 per share while the price band of PLAZA WIRES IPO has been fixed at Rs.51-54 per share. The lot size of 277 shares has been kept for this IPO. That means the retail investor will have to place a bet of at least Rs. 14958 and a bid of Rs.194,454 can be made for a maximum of 13 lots. The issue comprises 1,30,00,158 equity shares. There is no offer-for-sale component.
This is a completely fresh issue IPO and it will be listed on the NSE and BSE exchanges on October 12, 2023. Allotment of shares will take place on 9th October.
Plaza Wires IPO Time Table
| Event | Date |
| Opening Date | 29 September 2023 |
| Closing Date | 4 October 2023 |
| Basis of Allotment | 9 October 2023 |
| Initiation of Refunds | 10 October 2023 |
| Demat Account Credit | 11 October 2023 |
| Listing Date | 12 October 2023 |
Plaza Wires IPO GMP
Here is the list of Plaza Wires Ltd IPO GMP.
| Date | Grey Market Price (GMP) |
| 4-Oct-2023 | ₹23 |
| 3-Oct-2023 | ₹23 |
| 2-Oct-2023 | ₹24 |
| 1-Oct-2023 | ₹21 |
| 30-Sep-2023 | ₹12 |
| 29-Sep-2023 | ₹12 |
| 28-Sep-2023 | ₹17 |
| 27-Sep-2023 | ₹12 |
| 26-Sep-2023 | ₹11 |
| 25-Sep-2023 | ₹12 |
Where will the funds be used?
The amount raised by the company was used to build a new factory for manufacturing house wires, fire resistance wires, and cables (aluminum cables and solar cables). As per the operational requirements of the company, there is a plan to expand the product portfolio.
How much reserve for whom?
There is a 10% quota reservation for retail investors in the PLAZA WIRES IPO. For qualified institutional buyers, there is a 75% reservation, while there is a 15% reservation for non-institutional investors.
Plaza Wires IPO Details
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | Shareholding pre issue |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 277 Shares |
| Total Issue Size | 13,200,158 shares (aggregating up to ₹71.28 Cr) |
| Fresh Issue | 13,200,158 shares (aggregating up to ₹71.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding post issue | 30,551,920 |
| Share holding post issue | 43,752,078 |
Plaza Wires IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3601 | ₹194,454 |
| S-HNI (Min) | 14 | 3,878 | ₹209,412 |
| S-HNI (Max) | 66 | 18,282 | ₹987,228 |
| B-HNI (Min) | 67 | 18,559 | ₹1,002,186 |
Plaza Wires IPO Promoter
Share Holding Pre Issue – 100%
Share Holding Post Issue – 69.83%
Plaza Wires IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 5.79 |
| NII | 132.99 |
| bNII (bids above ₹10L) | 101.58 |
| sNII (bids below ₹10L) | 195.82 |
| Retail | 225.37 |
| Total | 62.83 |
Plaza Wires IPO Contact Details
Plaza Wires Limited
A-74 Okhla Industrial Area,
Phase-2 New Delhi
South Delhi – 110020
Phone: 011-66369696
Email: compliance@plazawires.in
Website: https://www.plazawires.in/
Plaza Wires IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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