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In today s trading session, the stock recorded a new all-time high of ₹136.60. As of the current trading price, the stock has gained a remarkable 153% from its IPO price. ....
Shares of Plaza Wires made a strong debut on the BSE and NSE, with a premium of 55.5% and 40.7%, respectively over the issue price. The IPO was oversubscribed 161 times, which can be attributed to the company s impressive growth and competitive strengths. Plaza Wires is engaged in manufacturing and selling wires, LT aluminium cables, and electrical goods. The proceeds from the IPO will be used for expanding the product portfolio and funding working capital requirements. ....
The IPO, the bidding process for which ended on October 5, received strong participation from investors across categories, receiving bids for 152.9 crore shares against the almost 95 lakh shares on offer, according to provisional exchange data. ....