The allotment process of Plaza Wires' initial public offering (IPO) concluded on Tuesday. The allotment process is governed by a specific criterion determining share allocation. Investors were able to verify their allotment status and the number of shares they received through Kfin Technologies Ltd's portal.
Unsuccessful applicants will begin their refund process on Wednesday, October 11, 2023. On the other hand, investors who were allocated shares in the IPO will find them deposited into their demat accounts by Thursday, October 12, 2023.
The company's shares are scheduled for listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Friday, October 13. However, an early listing could occur if the T+3 norm is applied.
The grey market premium for the IPO is currently at +23, indicating a potential share price premium of 23. This suggests that the market anticipates a strong debut for Plaza Wires on the exchanges.
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