The excitement surrounding the Plaza Wires IPO is reaching its peak as the allotment status is expected to be finalized today. The allotment process for the Plaza Wires IPO commenced on Monday, October 9, and investors who eagerly applied for this issue can now check the Plaza IPO allotment status on the registrar’s portal, Kfin Technologies Ltd, once the allocation process has been completed.
Understanding the Allotment Status
Investors can ascertain whether they have been allotted shares and the quantity of shares allocated through the basis of allotment. The IPO allotment status will provide insights into the allotment process. For those who haven’t been allocated shares, the company will initiate the refund process. On the other hand, those who have been allotted shares will find them deposited into their demat accounts.
The refund process for individuals not allotted shares will commence on Wednesday, October 11. Subsequently, those who have been allocated shares will see them credited to their demat accounts on Thursday, October 12. The Plaza IPO listing date has been scheduled for Friday, October 13, on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). However, if the company switches to the T+3 norm, the listing may occur earlier than scheduled.
Checking Your Plaza Wires IPO Allotment Status
If you applied for the Plaza Wires IPO, you can promptly check your IPO allotment status on the website of the IPO registrar, Kfin Technologies Ltd. Here’s a step-by-step guide on how to do it:
- Step 1: Click on the following link to access the Plaza Wires IPO allotment status page: https://ris.kfintech.com/ipostatus/
- Step 2: On the page, you will find five different links. Select one of them to proceed.
- Step 3: After selecting one of the provided links, choose “Plaza Wires Limited” from the dropdown menu in the “Select IPO” section.
- Step 4: Depending on your preference, you can check your allotment status using one of the three options: Application No, Demat Account, or PAN.
For Application No:
- Enter your application number and the captcha code, then click “Submit.”
For Demat Account:
- Enter the captcha code and your demat account information, then click “Submit.”
- Enter your PAN number and the captcha code, then click “Submit.”
How to Check Plaza Wires IPO Allotment Status on BSE
- Step 1: Visit the official BSE allotment page at https://www.bseindia.com/investors/appli_check.aspx.
- Step 2: Under ‘Issue Type,’ select ‘Equity.’
- Step 3: From the drop-down menu under ‘Issue Name,’ choose the Plaza Wires IPO.
- Step 4: Enter either your PAN or application number.
How to Check Plaza IPO Allotment Status on NSE
Step 1: Visit the official NSE website at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
Step 2: If you haven’t registered with PAN on the NSE website, select the ‘Click here to sign up’ option and complete the registration process.
Step 3: After registering, enter your user name, password, and captcha code.
Step 4: Access your IPO allotment status on the new page that opens.
Plaza Wires IPO GMP Today
As the Plaza Wires IPO allotment process unfolds, there’s also keen interest in its Grey Market Premium (GMP). The GMP for Plaza Wires IPO today is at +23. This indicates that Plaza Wires shares were trading at a premium of ₹23 in the grey market on Tuesday, as reported by investorgain.com. The current GMP is consistent with the trend observed in the last seven trading sessions.
Taking into account the upper end of the IPO price band and the prevailing premium in the grey market, the estimated listing price for Plaza Wires shares is ₹77 each, representing a 42.59% increase over the IPO price of ₹54.
On October 2, the Plaza Wires IPO GMP was +24. Over the course of the last 17 sessions in the grey market, the IPO GMP has exhibited an upward trend, indicating expectations of a strong listing. The GMP for Plaza Wires IPO ranges from a low of ₹0 to a high of ₹24, as per investorgain.com.
The ‘Grey Market Premium’ reflects investors’ willingness to pay more than the issue price, which is often indicative of strong market demand for the IPO shares.
Investors eagerly awaiting their allocation in the Plaza Wires IPO can use the steps outlined above to check their allotment status and stay updated on the premium in the grey market, which may offer valuable insights into market sentiment.
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