What is the price band of the Plaza Wires IPO?

The price band is ₹51.0–54.0 per share, and the final issue price is ₹54.0.

What is the lot size of the Plaza Wires IPO?

One lot is 277 shares, so the minimum retail bid is ₹14,958 at the upper end of the price band.

When is the Plaza Wires IPO listing date?

The shares listed on 12 October 2023.

How many times was the Plaza Wires IPO subscribed?

It was subscribed 161x overall: QIB 42.8x, NII 388x and retail 375x as of 05 Oct 2023, 07:00 PM (NSE and BSE together).

Plaza Wires IPO

Plaza Wires Limited (PLAZACABLE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 12 October 2023.

Listed 12 Oct Subscribed 161x Listing gain +40.7%

Issue details

Price band

₹51.0–54.0

Issue price

₹54.0

Lot size

277 shares

Min. retail bid

₹14,958

Max. retail bid

13 lots (₹1,94,454)

Issue size

₹101 Cr

Face value

₹10

Bidding

29 Sep – 05 Oct 2023

Listing

12 Oct 2023

Retail quota

10% (75% QIB issue)

Registrar

KFin Technologies Limited

Listing day

Listed at

₹76.0

+40.7% vs issue price ₹54.0

Day's high

₹80.2

+48.5% · low ₹75.7 (+40.2%)

Day's close

₹80.2

+48.5% · traded ₹35.7 Cr

Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +52.4% (likely range +3% to +174%), day's high +52.4%, chance of a gain 97%. Actual: +40.7% at the open, +48.5% at the high.

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	61,96,076	26,54,62,119	42.8x
NII (HNI) total	19,80,023	76,84,17,667	388x
Big NII (above ₹10 lakh)	13,20,015	47,64,15,624	361x
Small NII (₹2-10 lakh)	6,60,008	29,20,02,043	442x
Retail	13,20,015	49,47,56,071	375x
Total	94,96,114	1,52,86,35,857	161x

Bids on NSE and BSE together, as published by NSE, as of 05 Oct 2023, 07:00 PM. Shares offered exclude the anchor portion.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Plaza Wires's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Astron Paper & Board MillsDec 2017	103x	397x	77.9x	243x	₹80.0 Cr	+130.0%	+141.5%
Sigachi IndustriesNov 2021	86.5x	172x	80.5x	102x	₹125 Cr	+249.7%	+267.2%
Easy Trip PlannersMar 2021	77.5x	382x	70.4x	159x	₹513 Cr	+13.5%	+25.1%
Happiest Minds TechnologiesSep 2020	77.4x	351x	70.9x	151x	₹702 Cr	+110.8%	+137.9%
Nazara TechnologiesMar 2021	104x	390x	75.3x	175x	₹583 Cr	+80.7%	+83.9%
Burger King IndiaDec 2020	86.6x	354x	68.2x	157x	₹811 Cr	+87.5%	+125.0%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Pantomath Capital Advisors	19	+20.0%	79%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Plaza Wires IPO price band and lot size? ₹51.0–54.0 per share, with a lot of 277 shares, so the smallest retail bid is ₹14,958.

How many times has it been subscribed? 161x overall: QIB 42.8x, NII 388x, retail 375x.

How did it list? It opened at ₹76.0, +40.7% against the issue price of ₹54.0, and closed its first day +48.5%.

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Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.