Plaza Wires IPO Allotment Finalized, GMP at +23

The share allotment for ‘Plaza Wires‘ initial public offering (IPO) is expected to be finalized on Tuesday, following the commencement of the allotment process. Investors who applied for the IPO of the Delhi-based cable wire manufacturer, which was open for subscription from September 29 to October 5, can check their allotment status on the official websites of KFin Technologies Limited, Bombay Stock Exchange (BSE), and National Stock Exchange (NSE).

KFin served as the official registrar for this public issue.

Instructions for checking status on KFin website:

1. Click on the provided link and select any of the five available options.
2. From the dropdown menu, choose ‘Plaza Wires Limited’ under ‘Select IPO.’
3. Select one of the three options: Application No, Demat Account, PAN.
4. Depending on your choice, provide the required details such as application number, DPID, Client ID, or PAN, along with captcha, and click ‘Submit.’

Instructions for checking status on BSE website:

1. Go to the specified link and choose ‘Equity’ under ‘Issue Type.’
2. From the dropdown menu under ‘Issue Name,’ select ‘Plaza Wires Limited.’
3. Enter your application number or PAN number.
4. Click ‘Submit.’

Instructions for checking status on NSE website:

1. Follow the provided link and either log in or create an account.
2. After signing in, you will find the IPO allotment status on the new page.

Plaza Wires IPO Grey Market Premium (GMP):

According to HT’s sister website Mint, the grey market premium (GMP) for Plaza Wires’ public offering stands at ‘+23’ on Tuesday. This indicates that the company’s shares were trading at a premium of ₹23 in the grey market on that day.

GMP represents the premium at which IPO shares are traded before they are officially listed on stock exchanges. In essence, it signifies the difference between the grey market trading price and the issue price set by the company.

Plaza Wires has set its issue price at ₹54 per share.