IPOs from small towns take the centre stage in 2023 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Plaza Wires IPO opens for subscription today, offering wires, cables, and electrical goods under various brands. The company plans to use the funds for expansion and working capital. The IPO price band is set at ₹51 to ₹54 per share.
Get latest articles and stories on Business at LatestLY. New Delhi [India], September 25: Plaza Wires Ltd, company in the business of manufacturing, marketing and selling of wires, aluminium cables and fast moving electrical goods is planning to raise up to Rs. 71.28 crore from its public issue. Company has fixed price band of Rs. 51-54 per equity share. The fresh issue of 1.32 crore equity shares will open for subscription on September 29 and closes on October 4. Company plans to use issue proceeds towards capital expenditure for setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, solar cables to expand the product portfolio, funding working capital requirements and general corporate purposes. Business News | Plaza Wires Ltd Plans Public Issue of Up to Rs. 71.28 Crore to Fund Its Expansion Plans.