Plaza Wires IPO
Wires & Cables / Electrical - Listed on 12 October 2023
Plaza Wires IPO listing summary
Plaza Wires (Wires & Cables / Electrical) closed its IPO window in 2023 and listed on NSE and BSE on 12 October 2023 at an upper band issue price of Rs 54, opening at Rs 76 for a listing gain of +40.7% and closing day one at Rs 80.2 (+48.5% on closing basis). The IPO was subscribed 160.92x overall - QIB 42.84x, HNI/NII 388.07x, Retail 374.46x. The total issue size was Rs 71.28 Cr (Fresh Issue Rs 71.28 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Plaza Wires IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 10 | +18.52% |
| Day 2 | Rs 10 | +18.52% |
| Day 3 | Rs 15 | +27.78% |
| Day 4 | Rs 12 | +22.22% |
| Day 5 | Rs 20 | +37.04% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Plaza Wires IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Plaza Wires IPO - FAQs
What was the listing gain of Plaza Wires IPO?
Plaza Wires IPO listed at +40.7% versus the upper issue price of Rs 54 on 12 October 2023.
How many times was Plaza Wires IPO subscribed?
Plaza Wires IPO was subscribed 160.92x overall. QIB portion was subscribed 42.84x, HNI / NII 388.07x and Retail 374.46x.
What was the IPO GMP for Plaza Wires?
IPO GMP started at Rs 10 on Day 1 and moved to Rs 20 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.