Plaza Wires IPO allotment status accessible today, shares to list on Indian exchanges on October 12

Photo of author

By Robert Fofana

Plaza Wires IPO allotment status accessible today, shares to list on Indian exchanges on October 12
© Reuters.

Indian tech firm Plaza Wires Ltd.’s Initial Public Offering (IPO) allotment status is available for investors to check today, following the closure of bidding on Thursday. As per the Red Herring Prospectus (RHP), the shares are scheduled to debut on Indian exchanges on October 12, 2023.

The allotment status can be verified on the Bombay Stock Exchange’s (BSE) portal by selecting “Equity” issue type, choosing “Plaza Wired Limited”, entering the Permanent Account Number (PAN), passing a bot check, and clicking “Search.” Alternatively, investors can use KFin Technologies Private Limited’s site, which also requires a PAN for the process.

Despite market volatility due to the ongoing Israel-Palestine conflict, Plaza Wires’ shares are demonstrating strong investor interest. As of today, they are trading at a INR 26 premium in the grey market, marking an increase from its weekend Grey Market Premium (GMP) of INR 24.

The company’s IPO comes in line with the Securities and Exchange Board of India’s (SEBI) revised IPO listing rule. The allotment process is being supervised by SEBI to ensure transparency and fairness in the distribution of shares to investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

SOURCE

Leave a Comment