Stock Market LIVE Updates | IPO Corner | Plaza Wires IPO subscribed by massive 100 times so far; retail portion booked 300 times

The initial public offer (IPO) of Plaza Wires is turning out to be one of the best this year in terms of investor response. The issue was subscribed by a massive 100 times so far on the last day of bidding process. This was led by massive subscription from retail investors at 302 times.

The NII category was also not too behind with 247 times subscription. The QIB part was the least booked at 10.69 times. The issue closes today.

According to market sources, the company's shares are trading with a premium of Rs 23 in the unlisted market. The company is offering its shares at Rs 51-54 apiece.