The Plaza Wires initial public offering (IPO) subscription period opened on Friday, September 29, 2023, and will end on October 4, 2023. About ₹71.28 crores would be raised via Plaza Wires’ IPO. 10% is the retail quota, 75% is the QIB, and 15% is the NII. The set price range for each equity share is between ₹51 and ₹54. On October 9, 2023, the Plaza Wires IPO Allotment Status will be decided. On October 10, 2023, the refund procedure will start, and on October 11, 2023, shares will be added to Demat accounts. On October 12, 2023, the Plaza Wires IPO is anticipated to be listed. 

Plaza Wires IPO Allotment Status

Investors may use their bank and Demat account offline or on the KFintech website to verify their Plaza Wires IPO Allotment Status online. Here’s how to check the Plaza Wires IPO allocation status online or offline, step-by-step instructions will be provided. Through the IPO, the business hopes to raise around ₹71.28 crores, with a fixed price per equity share of ₹51 to ₹54. There will be an IPO listing on the NSE BSE.

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The company will use the net proceeds from the offering to fund the following expenses: financing the startup costs of a new manufacturing facility to produce house wires, fire-resistant wires and cables, aluminum cables, and solar cables to expand the product line; financing working capital requirements of the business; and financing general corporate purposes. Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the Plaza Wires IPO Allotment Status, while Kfin Technologies Limited is the issue registrar.

Plaza Wires IPO GMP

Grey market premium, or Plaza IPO GMP, is +12. According to, this shows that the price of Plaza Wires shares was trading at a premium of ₹12 on Friday on the grey market. Plaza Wires’ expected listing price was ₹66 per share, 22.22% more than the IPO price of ₹54, taking into account the top end of the IPO pricing range and the existing premium on the grey market.

Event Date 
Opening Date 29 September 2023
Closing Date 4 October 2023 
Basis of Allotment 9 October 2023 
Initiation of Refunds 10 October 2023
Demat Account Credit  11 October 2023 
Listing Date 12 October 2023 
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A “grey market premium” denotes the willingness of investors to part with more money than the issue price. Plaza Wires sold 277 shares in a lot size during the IPO, with prices per share ranging from ₹51 to ₹54. ₹71.28 crores was the total issue size, of which ₹71.28 crores came from new shares. The NSE and BSE both listed the IPO.

How to Check Plaza Wires IPO Allotment Status on BSE?

To check Plaza Wires IPO allotment status, follow these steps:

  • Go to (, the direct URL to Kfintech, and log in.
  • Choose the IPO for Plaza Wires.
  • Put in the application number for the Plaza Wires IPO.
  • Put in your PAN information.
  • Validate your human status by clicking the “I’m not a robot” button.
  • Then press the “Submit” button.

Plaza Wires IPO Objectives 

To expand its product line, the company intends to use the net proceeds from the offering to fund the following expenses: financing the working capital requirements of the business, general corporate purposes, and the capital cost of opening a new manufacturing facility to produce house wires, fire-resistant wires and cables, aluminum cables, and solar cables.

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Plaza Wires IPO Issue Price & Lot Size 

For the IPO, the business has specified a price range of Rs 51–54 per share. Bids for Plaza Wires shares may be made in multiples of 277 during the public auction, which translates to Rs 14,127–14,958 per lot. 

Plaza Wires IPO Reservation

In the Plaza Wires IPO, 13,200,158 shares are up for grabs. 

  • RII: 1,320,015 (35.00%)
  • NII: 1,980,023 (15.00%)
  • QIB: 6,196,076 (75.00%)

As to Dilip Davda, contributing editor at, the business is functioning in a fiercely competitive industry with several major contenders. The issue seems fully priced based on its FY23 profits, as seen by the consistent rise in both its top and bottom lines for the reported periods. Investors may set aside money in light of its intentions for growth in anticipation of medium- to long-term gains.

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