iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Pyramid Technoplast IPO: Last day to subscribe

22 Aug 2023 , 12:43 PM

The initial public offering (IPO) of Pyramid Tecnoplast Ltd commenced its subscription phase on August 18, 2023, and is scheduled to conclude on August 22, 2023, affording potential investors just one more day to participate in the public issue before the bidding window closes. As of today, being the last day of bidding, click here to apply the IPO.

By 12:40 PM on the third day of bidding, the IPO has garnered substantial interest, witnessing an impressive subscription rate of 10.59 times the offered shares. Remarkably, the retail portion of the IPO has recorded a subscription of 10.24 times, underlining the strong retail investor enthusiasm.

The non-institutional investor (NII) portion of the IPO has seen an even higher subscription rate of 16.85 times, while the Qualified Institutional Buyer (QIB) category has secured a subscription rate of 1.60 times.

Investors have been given a price band of Rs 151-166 per share to consider, with the subscription window set to conclude on August 22.

The funds generated from the fresh issuance are strategically earmarked for debt repayment and fulfilling working capital requirements. Any remaining balance will be allocated to general corporate purposes, enhancing the company’s overall financial strength.

Pyramid Technoplast specializes in the production of polymer-based bulk packaging drums and intermediate bulk containers (IBC), primarily catering to the chemical, agrochemical, specialty chemical, and pharmaceutical sectors. In addition, the company manufactures MS Drums composed of mild steel (MS), a versatile packaging solution used in transportation and storage applications.

Pyramid Technoplast IPO important details:

Open date  18 August 2023
Close date  22 August 2023
Lot size  90 Shares
IPO size (Rs crore)  Rs 153.05 Crore
IPO price range (Rs)  Rs 151-166
Minimum investment  Rs 14940
Basis of allotment date  25 August 2023
Refunds date  28 August 2023
Credit to demat account date  29 August 2023
Listing date  30 August 2023
Pyramid Technoplast IPO

Related Tags

  • Pyramid Technoplast IPO
  • Pyramid Technoplast IPO allotment
  • Pyramid Technoplast IPO allotment status
  • Pyramid Technoplast IPO apply
  • Pyramid Technoplast IPO details
  • Pyramid Technoplast IPO GMP
  • Pyramid Technoplast IPO live subscription status
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.