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Market breadth was positive, with 2246 stocks advancing, 1256 stocks declining, and 152 stocks remaining unchanged.
The company intends to secure Rs 80 crore through a pre-IPO placement round.
The IPO, featuring shares with a face value of Rs 10, exclusively comprises a fresh issue of equity shares, targeting proceeds of up to Rs 1,800 crore.
The company plans to utilize the proceeds from the fresh issue, amounting to Rs 240 crore, for debt repayment, with an additional Rs 10 crore allocated for the purchase of electric vehicles.
The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.
According to a BSE notification dated September 28, it will be involved in the importing, warehousing, distribution, and exportation of pharmaceuticals.
The company has fixed the price band at Rs 133 to Rs 140 per equity share
Asian equities are trading in mixed sentiments after a Wall Street rebound.
Plaza Wires is offering its shares at a price range of Rs 51-54 per share.
P&G India has committed spends of over Rs 1,800 crore to date in business solutions through vGROW