Technoplast IPO pyramid: The Initial Public Offering (IPO) of Pyramid Technoplast Co., Ltd. will be launched in the primary market today. The public offering is open to subscribers from today and it will remain open to bidders until August 22, 2023. The company has fixed the Pyramid Technoplast IPO price range at $151 to $166 and a transcript of the IPO will include 90 shares of the company. The company that manufactures polymer-based molding products aims to increase 153.05 cores of which, $91.30 crore will be generated through new issues while the rest $61.75 crore is reserved for the OFS route. Public issue has been proposed for listing on BSE and NSE.
Meanwhile, ahead of the opening of Pyramid Technoplast’s IPO, the company’s shares have begun trading on the unlisted stock market. According to market observers, shares of Pyramid Technoplast Limited are currently priced higher $28 in the gray market today.
On the first day of bidding, the book-building publication was registered 1.61 times while its retail portion was registered 1.90 times.
Also Read: Technoplast IPO pyramid: IPO pyramid placed first, registered 1.61 times on day one
Important Information about Pyramid’s Technoplast IPO
1]Technoplast pyramid IPO GMP today: According to market observers, shares of Pyramid Technoplast Limited are currently priced higher $28 in the gray market today. This means, today’s Pyramid Technoplast IPO (GMP) gray market premium is $28.
2]Pyramid Technoplast IPO price: The company has fixed the price range of the public offering at $151 to $166 per equity share.
3]Pyramid Technoplast IPO Date: The issue of building the book opened today to subscribers and it will remain open until August 22, 2023.
4]Pyramid Technoplast IPO lot size: A bidder will be able to apply in lots and one lot will include 90 shares of the company.
5]Pyramid Technoplast IPO Size: The company aims to improve $153.05 crore from initial offering.
6]Pyramid Technoplast IPO trading date: The expected date of stock allocation is August 25, 2023.
7]Pyramid’s Technoplast IPO registrar: Bigshare Services Pvt Ltd has been appointed as the official registrar of book building issue.
8]Technoplast pyramid IPO listing: The issue has been proposed for listing on BSE and NSE.
9]Pyramid Technoplast IPO listing date: The expected date of listing of shares is August 30, 2023.
10]Pyramid Technoplast IPO Review: Listing the power of publicity, Axis Capita said: “The company responds to the bulk packaging requirements of customers from various industries such as chemicals, agrochemicals, pharmaceuticals, lubricants and cooking oils by supplying them with Polymer Drums, IBC and MS. They have regularly served more than 376 customers in the last 3 financial years.” The broker goes on to add that the issue has a comprehensive and diverse product portfolio.
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Update: Aug 18, 2023, 11:06 AM IST