Plaza Wires shares had a dream debut on Dalal Street as the public issue was listed on Indian stock exchanges on October 12, 2023 at a premium of around 55 percent ₹51 to ₹54 per share and Plaza Wires shares opened on the BSE at ₹84 per piece and at ₹76 per share on NSE. After a strong debut, the team’s dream run didn’t end there.
Plaza Wires shares reached the upper price on the listing day and maintained the upper price in all six sessions following the listing day. While Plaza Wires shares regularly reached new highs, they ended at ₹107.35 apiece on Friday last week, which is almost double the upper price range of Plaza Wires’ IPO. Thus, Plaza Wires IPO is one of the multibagger IPOs that the Indian stock market has undertaken in 2023.
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Plaza Wires IPO details
The Plaza Wires IPO was available for bidding from September 29, 2023 to October 5, 2023. After strong response from investors, shares of Plaza Wires were listed on the BSE on October 12, 2023 and NSE continued to block the upper circuit. After the dream debut, shares of Plaza Wires continued to be among the top stocks in the Indian stock market as they consolidated in the upper segment on all seven trading days post-listing.
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Plaza Wires shares have a market capitalization of approx ₹470 crore and it ended Friday with a trading volume of 6,03,380 on NSE. This stock purchasing circuit is available for trading on both NSE and BSE. Its 52-week high is ₹107.35 per share, which is also the highest ever. Its 52+ week low is ₹54, which is the upper price range of Plaza Wires’ IPO. The Plaza Wires Limited IPO was launched at a price range of ₹51 to ₹54 per share.
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