Pyramid Technoplast IPO opens for subscription; check live subscription details

18 Aug 2023 , 12:08 PM

Today marks the commencement of the Initial Public Offering (IPO) of Pyramid Technoplast Limited in the primary market. The public issue has opened for subscription today and will continue to be available for bids until August 22, 2023. Click here to subscribe the IPO.

Pyramid Technoplast IPO has subscribed times in the first two hours of opening. Check live subscription details of the IPO at 12.00 PM on day 1 in the table below:

Category	No.of shares offered / reserved	No. of shares bid for	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	11,06,400	–	0.00
Non Institutional Investors(NIIS)	18,44,000	3,83,130	0.21
Retail Individual Investors (RIIs)	46,10,000	37,50,030	0.81
Total	75,60,400	41,37,210	0.55

(Source: BSE)

Pyramid Technoplast has set the IPO price band at Rs 151 to Rs 166 per share, with each lot comprising 90 shares of the company. The manufacturer of polymer-based molded products aims to raise Rs 153.05 crore through this IPO. 

Of this amount, Rs 91.30 crore will be generated from fresh issue of shares, while the remaining Rs 61.75 crore is allocated through the Offer for Sale (OFS) route. The IPO is intended for listing on both the BSE and NSE stock exchanges.

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