Check out the Grey Market Premium or Plaza Wires IPO GMP today. The article also includes Kotak rates and Subject to Sauda and expected listing gain.
The Plaza Wires IPO opening date is September 29, 2023 and close date is October 05. 2023. The IPO price band is fixed at Rs 51 to Rs 54 Per Share. The company aims to to raise around Rs71.28 crores via this IPO.
The company reported revenue of Rs182.59 crores in 2023 against revenues of Rs176.93 crores in 2022.
Plaza Wires IPO GMP, Kostak and Subject to Sauda – day by day live rates
Please note : Below table shows Plaza Wires IPO GMP prices, which solely pertain to grey market news. We neither engage in grey market trading/dealing nor are we influenced by grey market rates, and we do not endorse participating in grey market transactions.
| Date | GMP | Subject to Sauda | IPO Price | Estimated Listing Price and Gain |
| 03-October-2023 | Rs23 | 4800/67200 | Rs54 | Rs77 (42.59%) |
| 02-October-2023 | Rs24 | 5100/71400 | Rs54 | |
| 01-October-2023 | Rs21 | 4400/61600 | Rs54 | |
| 30-September-2023 | Rs12 | 2500/35000 | Rs54 | |
| 29-September-2023 | Rs12 | 2500/35000 | Rs54 | |
| 28-September-2023 | Rs17 | 3600/50400 | Rs54 | |
| 27-September-2023 | Rs12 | 2500/35000 | Rs54 | |
| 26-September-2023 | Rs11 | 2300/32200 | Rs54 | |
| 25-September-2023 | Rs12 | 2500/35000 | Rs54 | |
| 24-September-2023 | Rs- | — | Rs54 |
Grey Market Premium (GMP)
Grey Market Premium (GMP) refers to the difference between the price at which shares of a company are trading in the unofficial or secondary market (the grey market) and the price at which they were initially offered in an Initial Public Offering (IPO).
In simple terms, it’s the extra amount that investors are willing to pay for shares before they officially start trading on a stock exchange. If the GMP is positive, it means people are willing to pay more than the IPO price for those shares in the secondary market, indicating strong demand. Conversely, if the GMP is negative, it means people are willing to pay less than the IPO price, which suggests lower demand.
Investors often look at GMP as an indicator of market sentiment and demand for a particular IPO. However, it’s important to note that the grey market is unofficial and unregulated, so investing in shares at GMP carries certain risks and is not as secure as trading on a recognized stock exchange.
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Plaza Wires IPO GMP FAQs
What is the estimated listing price of Plaza Wires IPO?
The estimated listing price of Plaza Wires IPO is Rs 77 based on current GMP of Rs23 and IPO price of Rs 54. Hence the estimated gain is approx 42.59%.
Disclaimer:
- IPO Grey Market Premium (Plaza Wires IPO GMP) mention is valid for the specific date as mentioned in the header.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.