Plaza Wires IPO
Plaza Wires Ltd, a company dealing in wires and cables, was at a pivotal juncture. Their journey was about to take a new and exciting turn, offering a unique opportunity for investors to be part of their future success. This opportunity came in the form of an initial public offering (IPO), and the response from the investing community was nothing short of astonishing.
The IPO subscription window opened on September 29, inviting eager investors to become stakeholders in Plaza Wires’ promising venture. Plaza Wires had set the shares’ price in a fixed band, ranging from Rs 51 to Rs 54 per piece, a compelling proposition for investors of all kinds.
As the subscription period ended on October 5, it was clear that Plaza Wires had struck a chord with investors. The IPO was subscribed a staggering 160.97 times, reflecting the immense demand for Plaza Wires’ shares.
|Category||Subscription (No. of times the equity reserved)|
|Qualified institutional buyers (QIBs)||42.84|
|Non-institutional investors (NIIs)||388.09|
Investors from all categories expressed their enthusiasm. Retail investors, for instance, bid for shares an astounding 374.81 times the allotted quota, while non-institutional investors followed closely behind, with their category seeing shares subscribed at an incredible 388.09 times.
Even the category for qualified institutional buyers (QIBs), catering to institutional investors, saw substantial demand, with a subscription rate of 42.84 times the reserved quota.
Fast forward to October 10, and the excitement was palpable. This was the day when Plaza Wires Ltd was poised to finalize the allotment of shares for its IPO. Investors who had subscribed to the IPO could finally check the status of their share allotment.
Plaza Wires Limited IPO schedule (tentative dates)
For those keeping track of the Plaza Wires Limited IPO, here’s a rough outline of the key dates in its journey:
|IPO Opening Date||September 29|
|IPO Closing Date||October 4|
|Basis of Allotment||October 10|
|Initiation of Refunds||October 11|
|The Credit of Shares to Demat||October 12|
|Listing Date||October 13|
How to check Plaza Wires IPO allotment status?
The good news is that checking your IPO allotment status is straightforward, and you have multiple avenues. Here are three ways to check your Plaza Wires IPO allotment status:
1. Through Kfin Technologies’ website
To check your Plaza Wires IPO allotment status through the official registrar, Kfin Technologies, follow these steps:
- Visit the direct Plaza Wires IPO website at https://ris.kfintech.com/ipostatus/
- Log in to your account.
- Follow the instructions on the website to check the status of your IPO application online.
2. Using the BSE website
The Bombay Stock Exchange (BSE) also provides a convenient way to check your Plaza Wires IPO allotment status. Here’s how:
- Visit the BSE website at https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
- Select ‘Equity’ under the ‘Issue Type’ section.
- Under ‘Issue Name,’ choose ‘Plaza Wires Limited.’
- Input your application or PAN number.
- Click the ‘Submit’ button to view your allotment status.
3. Via the NSE website
The National Stock Exchange (NSE) also offers an option for checking your Plaza Wires IPO allotment status. Follow these steps:
- Click the NSE link – https://ipobidverify.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- Log in to your NSE account or create one if you don’t have an account.
- Once you’re signed in, you can view the IPO allotment status on the new open page.
Another interesting metric to observe is the Grey Market Premium (GMP). According to Mint, the GMP for Plaza Wires IPO was at ‘+23’ on Tuesday. It indicated that shares of Plaza Wires were trading at a premium of ₹23 in the grey market. The GMP reflects the difference between the price at which shares are traded in the grey market and the issue price set by the company.
With the IPO schedule outlined, Plaza Wires Ltd was poised for an exciting journey, from the Basis of Allotment on October 10 to its anticipated listing on October 13.
How can I check my Plaza Wires IPO allotment status?
You can check your Plaza Wires IPO allotment status through Kfin Technologies’ website, the Bombay Stock Exchange (BSE) website, or the National Stock Exchange (NSE) website. Simply follow the provided steps on these platforms to verify your share allocation.
What is the Grey Market Premium (GMP) for Plaza Wires IPO, and how does it affect investors?
The Grey Market Premium (GMP) for Plaza Wires IPO reflects the difference between the price shares are trading at in the unofficial grey market and the issue price set by the company. A positive GMP indicates a premium. It can give investors an idea of the demand for the shares in the secondary market before they are officially listed. However, it’s essential to note that GMP is not a guaranteed indicator of future share performance.
What are the key upcoming dates in the Plaza Wires Limited IPO schedule?
The key dates for the Plaza Wires Limited IPO are as follows:
● Initiation of Refunds: October 11
● Credit of Shares to Demat: October 12
● Listing Date: October 13
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.