Solid Debut! Plaza Wires shares list at 56% premium over IPO price

Shares of Plaza Wires made a strong debut on the BSE and NSE, with a premium of 55.5% and 40.7%, respectively over the issue price. The IPO was oversubscribed 161 times, which can be attributed to the company’s impressive growth and competitive strengths. Plaza Wires is engaged in manufacturing and selling wires, LT aluminium cables, and electrical goods. The proceeds from the IPO will be used for expanding the product portfolio and funding working capital requirements.

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