Anticipated Debut of Plaza Wires IPO

The IPO was subscribed 160.97 times, making it one of the most oversubscribed IPOs of the year. Based on the latest grey market premium (GMP) of Rs. 23, the expected listing price of Plaza Wires is around Rs 77 per share. This is a premium of 42.59% to the IPO price band of Rs 51–54 per share. Plaza Wires is a well-managed company with a strong track record of growth and the IPO was also well received by the investors. Thus it is expected to witness a good listing, with the stock likely to trade at a premium,” said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
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