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Plaza Wires Ltd IPO oversubscribed 4.69 times on Day 1

Plaza Wires Ltd IPO oversubscribed 4.69 times on Day 1
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Plaza Wires Ltd plans Public Issue of up to Rs. 71.28 crore to fund its expansion plans

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

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Business News | Plaza Wires Ltd Plans Public Issue of Up to Rs. 71.28 Crore to Fund Its Expansion Plans

Get latest articles and stories on Business at LatestLY. New Delhi [India], September 25: Plaza Wires Ltd, company in the business of manufacturing, marketing and selling of wires, aluminium cables and fast moving electrical goods is planning to raise up to Rs. 71.28 crore from its public issue. Company has fixed price band of Rs. 51-54 per equity share. The fresh issue of 1.32 crore equity shares will open for subscription on September 29 and closes on October 4. Company plans to use issue proceeds towards capital expenditure for setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminum cables, solar cables to expand the product portfolio, funding working capital requirements and general corporate purposes. Business News | Plaza Wires Ltd Plans Public Issue of Up to Rs. 71.28 Crore to Fund Its Expansion Plans. ....

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Plaza Wires sets price band of Rs 51-54 a share for Rs 71.3-crore IPO

The funds raised will go towards building a new factory in Himachal Pradesh and meeting its operational needs, the company has said ....

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Sebi extends approval to THESE four companies for initial public offerings

These companies have received their respective observation letters from Sebi, according to an update on the regulator s website as on October 14. In Sebi s parlance, issuance of the observation letter implies the go-ahead from the regulator for the proposed IPO. ....

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