Plaza Wires IPO Allotment Status Released Today
Investors can now check the allotment status of Indian tech firm Plaza Wires Ltd.’s Initial Public Offering (IPO) following the closure of bidding on Thursday. The shares are set to debut on Indian exchanges on October 12, 2023, as stated in the Red Herring Prospectus (RHP).
Interested investors can verify the allotment status on the Bombay Stock Exchange’s (BSE) portal. To do this, they need to select “Equity” as the issue type, choose “Plaza Wired Limited,” enter their Permanent Account Number (PAN), pass a bot check, and click “Search.” Alternatively, KFin Technologies Private Limited’s website also provides the option to check the allotment status, requiring the PAN for the process.
Despite the ongoing Israel-Palestine conflict causing market volatility, Plaza Wires’ shares continue to attract strong investor interest. Currently, they are trading at a premium of INR 26 in the grey market, which is an increase from the previous weekend’s Grey Market Premium (GMP) of INR 24.
Plaza Wires’ IPO aligns with the revised IPO listing rule set by the Securities and Exchange Board of India (SEBI). SEBI is supervising the allotment process to ensure transparency and fairness in distributing shares to investors.
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