Plaza Wires shares double IPO allottees' money in seven post-listing sessions | Mint
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Business News/ Markets / Stock Markets/  Plaza Wires shares double IPO allottees' money in seven post-listing sessions
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Plaza Wires shares double IPO allottees' money in seven post-listing sessions

Plaza Wires IPO was launched in September 2023 at a price band of ₹51 to ₹54

Plaza Wires shares ended at ₹107.35 apiece on NSE after Friday deals in the week gone by. (www.plazacables.com)Premium
Plaza Wires shares ended at 107.35 apiece on NSE after Friday deals in the week gone by. (www.plazacables.com)

Plaza Wires shares had a dream debut on Dalal Street as the public issue listed on Indian stock market bourses at around 55 per cent premium on 12th October 2023. Plaza Wires IPO was launched in September end at a price band of 51 to 54 per equity share and Plaza Wires shares opened on BSE at 84 apiece and at 76 per share on NSE. However, the dream run didn't ended for the scrip after strong debut.

Plaza Wires shares hit upper circuit on listing date and it locked-in upper circuit on all six sessions followed by the listing date. While climbing new highs on a regular basis, Plaza Wires shares ended at 107.35 apiece levels on Friday last week, which is almost double of the upper price band of Plaza Wires IPO. So, Plaza Wires IPO is one of the multibagger IPOs that Indian stock market has delivered in 2023.

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Plaza Wires IPO details

Plaza Wires IPO was available for bidding from 29th September 2023 to 5th October 2023. After strong response by investors, Plaza Wires shares listed on BSE and NSE on 12th October 2023. On listing date, Plaza Wires shares opened at whopping 55 per cent premium and went on to lock in upper circuit. After the dream debut, Plaza Wires shares remained one of the circuit to circuit stocks of the Indian stock market as it went on to lock in upper circuit on all seven sessions post-listing.

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Plaza Wires shares have a market cap of around 470 crore and it ended on Friday with a trade volume of 6,03,380 on NSE. This circuit to icrcuit stock is available for trade on both NSE and BSE. Its 52-week high is 107.35 per share, which is its life-time high as well. Its 52+-week low is 54, which is the upper price band of the Plaza Wires IPO. The initial public offering of Plaza Wires Limited was launched at a price band of 51 to 54 per equity share.

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Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 21 Oct 2023, 08:21 AM IST
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