Plaza Wires’ shares listed at 55.55% premium over the IPO price on bourses on Thursday. The share debuted at Rs 84 on the BSE, as compared to the issue price of Rs 54. The investors have made a profit of Rs 30 per share as the scrip gave more than 55% returns to investors on the listing.

“This is in line with expectations, given the strong oversubscription of the IPO and the company’s strong fundamentals. Plaza Wires is a well-managed company with a strong track record of growth. It is a leading manufacturer of wires and cables, with a wide product range and a strong customer base. The company has a strong financial performance, with consistent revenue and profit growth in recent years. Though the IPO size was small, it received an amazing response from investo…

The average mandi prices of cumin seeds (jeera) has declined by 50% to Rs 300/kg from Rs 600/kg in October, at Unjha (Gujarat), the hub of the trade. The fall was due to anticipation of a bumper harvest, traders said. Although arrivals of jeera in the mandis have commenced, the peak of arrivals of the commodity is expected by end of February, after which the prices are likely to soften further.

Trade sources said that because of higher realisation last year, jeera has been sown in around 1.2 million hectare, mostly in Rajasthan and Gujarat this season (2023-24), while in the previous season, only 0.9 million hectares (mha) was under the spices variety cultivation.

“The prices are expected to decline further as a bumper harvest is projected because of higher are…