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Plaza Wires Limited IPO Basis Of allotments status

 

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Plaza Wires Limited IPO

September 29, 2023 - October 04, 2023 Closed
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Plaza Wires Limited IPO Details

Issue Open

29 September 2023

Issue Close

04 October 2023

IPO Price

₹51 - ₹54 per equity share

Face Value

₹10 per equity share

IPO Size

₹71.28 Cr.

Listing At

NSE, BSE

IPO Lot Size

277 Shares

IPO Investor Categories



• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.


• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.


NII category has two subcategories:


1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.


2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.


• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO, aimed at encouraging retail participation in the IPO process.


• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.

• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.



Frequently Asked Question

If you do not get the allotment of Plaza Wires Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Price of 1 share of Plaza Wires Limited IPO is ₹76.
A roadshow is a series of presentations made by company executives to potential investors. It's a way to generate interest in the IPO and answer questions from investors.
Plaza Wires Limited IPO will get listed on October 13, 2023.
Plaza Wires Limited IPO will be closed on 05 October 2023.
Plaza Wires Limited IPO shares will get listed at NSE and SME.
Market lot size of the Plaza Wires Limited IPO is 25.07 shares.
Pre-issue shareholdings of Plaza Wires Limited IPO promoters are 100.00%
You can apply for an IPO from any place by using the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Plaza Wires Limited IPO by using any one of these methods at your convenience.
Companies go public to raise capital for various reasons, such as funding expansion, paying off debt, or allowing early investors and employees to cash out their shares.
Skyline Financial Services Private Ltd the registrar of Plaza Wires Limited IPO.
Post-issue shareholdings of Plaza Wires Limited IPO promoters are 73.39%.
You will receive the allotted shares in your Demat account on October 10, 2023.
Plaza Wires Limited IPO is going to open on 29 September 2023.
Face value of equity shares of Plaza Wires Limited IPO is ₹10.
The meaning of " Plaza Wires Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Plaza Wires Limited IPO on the current day.
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