IPO Update: Plaza Wires fully subscribed on day 1

Another IPO has hit the primary market and just on first day it has been fully subscribed.

That company is Plaza Wires. Besides this Valiant Laboratories is also open for subscription

It will remain open from 29th September to 5th October. Its price band is Rs 51 to Rs 54 per share. The company is looking to raise Rs 71.28 crore from IPO and all of it is a fresh issue. On 28th September, it got subscribed 1.54 by the time of writing this story. Its GMP is Rs 12 per share. The company is in the business of wires.

 It will remain open from 27th September to 3rd October. Its price band is Rs 133 to Rs 140 per share. The company is looking to raise Rs 152.5 crore from IPO and all of it is a fresh issue. On 29th September, it got subscribed 1.09 times by the time of writing this story. Its GMP is Rs 17 per share.

Let’s look at SME IPOs

It will remain open from 29th September to 5rd October. Its price is Rs 76 per share. The company is looking to raise Rs  25.07 crore from IPO and all of it is a fresh issue. On 29th September, it got subscribed 6% by the time of writing this story. Its GMP is Rs 0 per share.

It will remain open from 29th September to 5th October. Its price band Rs 68 per share. The company is looking to raise Rs 49.98 crore from IPO and all of it is a fresh issue. On 28th September, it got subscribed 20% by the time of writing this story. Its GMP is Rs 32 per share which implies listing at 19% premium.

It will remain open from 27th September to 3rd October. Its price band is Rs 162 to Rs 165 per share. The company is looking to raise Rs 54.66 crore from IPO and all of it is a fresh issue. On 29th September, it got subscribed 59% by the time of writing this story. Its GMP is Rs 18 per share.