Plaza Wires has debuted at Rs 84.00 on the BSE, up by 30 points or 55.56% from its issue price of Rs 54.
The scrip is currently trading at Rs 80.23, up by 26.23 points or 48.57% from its issue price. It has touched a high and low of Rs 84.00 and Rs 75.00 respectively. So far 5.93 lakh shares were traded on the counter.
The offering, which was open for subscription between September 29, 2023 and October 4, 2023 was subscribed 160.97 times. The issue price was fixed at Rs 54 per share i.e. at upper end of price band of Rs 51-54 apiece.
Plaza Wires is engaged in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fast moving electrical goods (FMEG) under its flagship brand ‘PLAZA CABLES’ and home brands such as ‘Action Wires’ and ‘PCG’.
