The initial public offering (IPO) of Plaza Wires Limited, a manufacturer of wires and cables, was subscribed by 160.98 times on the final day of subscription today. The IPO received bids for Plaza Wires IPO received bids for 152.9 crore shares against an offer of 1.32 crore shares.
Plaza Wires IPO Subscription Status Category wise
(Source: NSE)
The IPO price band was fixed at ₹51-₹54 per share. The company plans to raise ₹71.28 crore through the IPO.
The allotment of shares will be finalized on Monday, October 9, 2023, and the shares will be credited to the demat accounts of successful allottees by Thursday, October 12, 2023. The IPO is expected to list on the BSE and NSE on Friday, October 13, 2023.
The strong subscription to the Plaza Wires IPO is a reflection of the investor confidence in the company’s growth prospects. The company is a leading manufacturer of wires and cables, and it has a strong customer base in India and abroad. The IPO proceeds will be used to expand the company’s manufacturing capacity and to invest in new technologies.
The strong subscription to the IPO is a reflection of the investor confidence in the company’s growth prospects.
Plaza Wires is a leading manufacturer of wires and cables, and it has a strong customer base in India and abroad. The IPO proceeds will be used to expand the company’s manufacturing capacity and to invest in new technologies.
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