Plaza Wires IPO GMP / Grey Market Premium, Kostak Rates & SS Today
Last Updated Date: Oct 06, 2023Plaza Wires is about to release its IPO on September 29, 2023. The issue is closing on October 5, 2023 and is currently having an active grey market. The Plaza Wires IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of Plaza Wires IPO. The company is intended to raise Rs 71.28 Cr by the released issue.
Plaza Wires IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
You can check this table related to know the IPO size, price band along with listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 6 Oct 2023 | Rs 23 | NA | NA |
| 5 Oct 2023 | Rs 23 | NA | NA |
| 4 Oct 2023 | Rs 23 | NA | NA |
| 3 Oct 2023 | Rs 15 | NA | NA |
| 2 Oct 2023 | Rs 15 | NA | NA |
| 28 Sep 2023 | Rs 10 | NA | NA |
| 27 Sep 2023 | Rs 10 | NA | NA |
Check out Related IPO Links:
| Review Plaza Wires IPO |
| Plaza Wires IPO Allotment |
| LIVE Subscription – Plaza Wires IPO |
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Plaza Wires IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | September 29, 2023 |
| IPO Close Date | October 5, 2023 |
| Basis of Allotment Date | October 10, 2023 |
| Initiation of Refunds | October 11, 2023 |
| Credit of Shares to Demat Account | October 12, 2023 |
| IPO Listing Date | October 13, 2023 |
Plaza Wires IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Plaza Wires IPO.
| Amount (in INR & Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 1,082.17 | 992.85 | 885.13 | 893.92 |
| Revenue | 1,267.83 | 1,455.95 | 1,593.40 | 1,582.08 |
| Expense | 1,186.49 | 1,395.00 | 1,538.72 | 1,498.37 |
| Profit After Tax | 57.44 | 43.72 | 40.04 | 70.22 |
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.88 | 1.43 | 1.31 | 2.30 |
FAQs Related to Plaza Wires IPO GMP
Check out FAQs on Plaza Wires IPO Grey Market Premium here –
What is the current Plaza Wires IPO GMP Price?
As on today, the Plaza Wires IPO GMP is Rs.23.
What is the current Plaza Wires IPO Kostak Rate?
The Kostak rate is Rs NA for Plaza Wires IPO.
What is today’s Plaza Wires IPO Subject to Sauda Rate?
As on today, the Plaza Wires IPO Subject to Sauda is Rs NA.
Where to Check Plaza Wires IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: https://top10stockbroker.com/ipo-allotment-status/
What is Kostak Price?
To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Is GREY market buy or sell shares illegal?
Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange.
It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.
Disclaimer:
The Plaza Wires IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. They can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.