Plaza Wires, a fast-moving electrical goods company, is set to launch its IPO on September 29. The IPO consists of a fresh equity issue of 1.32 crore shares, with a price band of Rs 51-54 per share. The company aims to raise funds for setting up a new manufacturing unit, expanding its product portfolio, and meeting working capital requirements. The IPO is expected to be listed on both exchanges, with the final share allotment on October 9 and listing on October 12.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.