Today marks the listing date for Plaza Wires Limited’s IPO on the stock market. The company’s shares made a strong debut on both BSE and NSE.
The stock was listed on BSE at a 55.56% premium, opening at Rs 84 compared to its IPO price of ₹54.
Simultaneously, on NSE, it listed at Rs 76 with a 40.74% premium. Investors who secured shares in this IPO enjoyed substantial profits on day one.
Key Details
1) Plaza Wires Limited’s equity shares are listed on the BSE in the ‘T’ Group of Securities, effective from October 12, 2023, as per BSE’s notice.
Trading began at 10:00 am, and the stock will be in the trade-for-trade segment for the next 10 trading days.
2) Plaza Wires IPO was open for subscription from September 29th to October 5th, with a price range of ₹51 to ₹54 per equity share.
Investors had to bid for a minimum of 277 equity shares and in multiples of 277 thereafter.
In summary, Plaza Wires IPO made a remarkable stock market debut, rewarding early investors with substantial gains
