Plaza Wires IPO Allotment Likely Today, Know How To Check Allotment Status Here

Plaza Wires IPO allotment status: The initial public offering (IPO) of New Delhi-based cables, and wires manufacturer Plaza Wires which opened for subscription on September 29 concluded on October 5. Investors who had subscribed to the issue are keenly awaiting to know the Plaza Wires IPO Allotment Status.

Plaza Wires IPO share allotment is expected to be finalised today, while the process of allotment started on Monday (October 9).

The price band of Plaza Wires IPO was set at Rs 51-54 per share with a lot size of 277 equity shares. The company raised a little over Rs 71 crore through IPO route by selling a total of 13,200,158 fresh equity shares.

Plaza Wires IPO subscription status:

The portion for qualified institutional bidders (QIBs) was booked 42.84 times while the quota reserved for non-institutional investors (NIIs) saw a strong response as it was booked 388.09 times. The portion allotted for retail investors was subscribed 374.81 times.

If you are someone who applied for the issue, you can check the Plaza IPO allotment status in the registrar's portal, Kfin Technologies Ltd, once the allotment has been finalised.

The total number of shares allotted to an individual can also be seen in the IPO allotment status. After the company initiates the refund process for applicants, the eligible allottees will receive their shares in their demat accounts.
Investors who have applied for the Plaza Wires IPO can check their Plaza Wires IPO allotment status on the IPO registrar website, Kfin Technologies Ltd.

How to check the IPO allotment status of your application on the Plaza Wires IPO allotment status?

Step 1:

Click the link: - https://ris.kfintech.com/ipostatus/ 5 links will appear before you where you can see the status

Step 2:

Open one of the five provided links, and select Plaza Wires Limited from the dropdown menu in the select IPO section.

Step 3:

You will be asked to select one out of Application number, Demat Account number, or PAN ID

Step 4:

Enter the details of the mode chosen in the second step.

Step 5:

Fill the captcha accurately, before hitting the submit button.

Steps to follow to check Plaza Wires IPO allotment status on BSE:

Step 1:

Go to the allotment page on the official website of BSE

Step 2:

Under 'Issue Type', select 'Equity'.

Step 3:

Select the IPO from the drop-down option under 'Issue Name'.

Step 4:

Enter PAN or application number.

Important Dates:

The company will start the refunding process on October 11, for individuals not given shares. Those allotted will get their shares in their demat accounts on October 12. Plaza IPO shares are expected to make a stock market debut on October 13 on both NSE and BSE.

Plaza Wires IPO GMP today

According to market observers Plaza Wires IPO GMP today is +23. Today's GMP indicates that Plaza Wires shares were trading at a premium of Rs 23 in the grey market on Tuesday.

Given the upper end of the IPO price band and the current GMP, the estimated listing price of Plaza Wires share price is expected Rs 77 (23+54), up 42.59% compared to the upper IPO price band.