What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Plaza Wires Limited IPO allotment date?

The basis of allotment for Plaza Wires Limited IPO is scheduled to be finalized on 10 Oct 2023.

Where can I check Plaza Wires Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 11 Oct 2023.

Plaza Wires Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Incorporated in 2006, Plaza Wires Limited, originally Navratna Wires, manufactures and markets wires, LT aluminium cables, and fast-moving electrical goods under its flagship brand "PLAZA CABLES" and home brands "Action Wires" and "PCG." Its product range includes house wires, single & multicore industrial cables, submersible pump cables, LT power control cables, coaxial cables, telephone & LAN cables, CCTV cables, solar cables, PVC insulated tape, and PVC conduit pipes, along with miniature circuit breakers and distribution boards. The company supports after-sales service through over 20 service centers across multiple states and has a distribution network comprising 1,249 authorized dealers and distributors, branch offices, warehouses, and C&F agents across India.

Price Band

₹51 – ₹54

Issue Size

₹71.28 Cr

Lot Size

277 shares

GMP

₹26

+48.1%

Est. Listing

₹80

at current GMP

Subscribed

160.97x

overall

Open

29 Sep 2023

5 Oct 2023

Allotment

10 Oct 2023

Refund

11 Oct 2023

Demat Credit

12 Oct 2023

Listing

12 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Plaza Wires Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

10 Oct 2023

Basis finalization

Refunds Initiate

11 Oct 2023

Mandate release

Demat Credit

12 Oct 2023

Shares in demat

Listing Debut

12 Oct 2023

Trading begins

How to Check Plaza Wires Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Plaza Wires Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Plaza Wires Limited Public Issue & Market Profile

Plaza Wires Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹71.28 Crores. The shares are offered at a price band of ₹51 to ₹54 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 277 shares (approx. ₹14,958 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-10-12, while un-allotted funds or UPI block mandates will be released on 2023-10-11.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.