The Technoplast Pyramid IPO received a strong response from non-institutional investors (NIIS) and retail investors on Tuesday. Qualified institutional buyers also responded positively to the issue. this topic on Tuesday. All three categories are oversubscribed on Tuesday
The retail investor portion of the pyramid IPO was registered 14.72 times, the NII part was registered 32.24 times, and the QIB part was registered 9.94 times.
Technoplast IPO pyramid was registered 5.84 times on day 2 and registered 1.61 times on day 1.
Pyramid IPO registration status details
The IPO pyramid received bids for 13,82,86,440 shares versus 75,60,400 shares offered for sale, as of 4:30 p.m. IST, according to data from BSE.
The retail investor section of Pyramid Technoplast’s IPO received a bid of 6,78,43,710 shares versus 46,10,000 shares offered for the segment.
The non-institutional investors section of the IPO Pyramid received bids for 5,94,41,400 shares compared with the 18.44,000 offered for the segment.
The QIB portion of the Pyramid Technoplast IPO received bids for 1,10,01.330 shares versus 11,06,400 offered for the segment.
Also Read: Aeroflex Industries IPO Date: Ashish Kacholia-backed Issue has been registered 2.88 times to date; retail part ordered 3.37 times
Pyramid’s Technoplast IPO Details
Pyramid Technoplast’s IPO price range has been fixed in the mid-range $151 to $166 per share of equity at par value or $10 pieces each.
Technoplast’s IPO lot size follows a pyramid of 90 equity shares and then a multiple of 90 equity shares.
Technoplast pyramid IPO has raised capital of $27.55 crore through a fixed bookkeeping process on Thursday, August 17.
According to Pyramid Technoplast’s exchange filing, four investors participated in the anchor book offering. These investors include the Carnelian Structural Change Fund, Alchemy Ventures, the Pluris Fund, and the Resonance Opportunity Fund.
The pyramid IPO is made up of new issuance with a total value $91.30 crore and the offering (OFS) combined into $61.75 crore on upper strip price through Offers.
The net proceeds from the offer will be used to cover expenses related to the offer as well as to repay and/or prepay or repay, in whole or in part, any outstanding loans. that the company has done.
PNB Investment Services Limited and First Overseas Capital Limited are the principal managers (BRLM) for this offer. Bigshare Services Private Limited is an incentive registrar.
Pyramid Technoplast IPO has reserved no more than 30% of the shares in the public offering to Qualified Institutional Buyers (QIBs), no less than 20% to Non-Institutional Investors (NII) and not less than 50% incentives are reserved for retail investors.
Also read: Ashish Kacholia-backed Aeroflex Industries’ IPO exceeded registrations within an hour of opening. Apply GMP or not?
Technoplast pyramid IPO GMP today
Pyramid Technoplast IPO GMP or gray market premium on Tuesday is +16 lower than in the previous session. This shows that Pyramid Technoplast’s stock price is trading at a premium $16 in the gray market on Tuesday, according to topsharebrokers.com
Considering the upper end of the IPO price range and the current premium on the gray market, the estimated list price of Pyramid Technoplast stock is $182 pieces, 9.64% higher than the IPO price of $166.
Monday’s GMP IPO pyramid is $22. According to topsharebrokers.com, current GMP ( $16) is showing a signal towards the bottom. Given this trend, it could fall further on the listing day. The lowest GMP recorded at $16 while the highest GMP is $28.
A ‘gray market fee’ indicates an investor’s willingness to pay more than the issue price.
Also Read: Tecnoplast Pyramid IPO: What GMP, Registration Status Signals on Last Tender Day
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Update: August 22, 2023, 04:38 pm IST
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