Pyramid Technoplast Shares List With Over 12% Premium At ₹187 Per Share On NSE
Pyramid Technoplast Listing: Pyramid Technoplast Ltd., a maker of molded polymer products, made its modest debut on Dalal Street on Tuesday. Pyramid Technoplast shares were trading on the NSE at £ 187 each, representing a 12.65% premium to the offer price of £ 166 per share.
On BSE, Pyramid Technoplast shares were trading at a premium of 11.45% at £ 185 each.
The Technoplast Pyramid IPO, from August 18 to 22, attracted a large number of subscribers. Pyramid Technoplast's initial public offering (IPO) was oversubscribed in total 18.29 times, with offers received for Rs 13.83 crore of shares against 92.2 million shares at the offer price.
Technoplast Pyramid's initial public offering was 14.72 times in the retail category and 32.24 times in the non-institutional investor (NII) category. The Qualified Institutional Buyers (QIB) section was booked 9.94 times.
See also: Today's date for the IPO of Aeroflex Industries. Latest GMP on how to check job status
The company raised ₹ 153.05 crore through an initial public offering comprising a new issue of 55 lakh shares valued at ₹91.30 crore and an offering at (SVS) sale of 37 shares, 20 crores for a total of up to ₹ 61.75 crores.
Pyramid Technoplast's IPO price range was between £ 151 and £ 166 per share, with a minimum lot size of 90 shares.
Prior to the initial public offering, Pyramid Technoplast Ltd raised capital of Rs 27.55 crore via pen on 17 August.
Four investors participated in the flagship book offering, including the Carnelian Structural Shift Fund, the Alchemie Ventures Fund, the Pluris Fund and the Resonance Opportunities Fund.
Read Here: Pyramid Technoplast IPO: Pyramid IPO Raises £27.55 Million From Top Investors; check details
The Company has reserved a maximum of 30% of the shares issued to the public for qualified institutional buyers (QIBs), at least 20% for non-institutional investors (NIIs), and at least 50% of the offering has been reserved for retailers. investors. investors. .
The net proceeds from the offering will be used to pay costs associated with the offering and to pay in whole or in part and/or prepay or repay any outstanding loans incurred by the Company.
Also Read: Rishabh Instruments IPO: Rishabh IPO Opens Tomorrow; here are 10 things you need to know
The creators of Pyramid Technoplast are Jaiprakash Agarwal, Pushpa Devi Agarwal, Madhu Agarwal, Bijaykumar Agarwal, Yash Synthetics Private Limited and Credence Financial Consultancy LLP.
The company manufactures intermediate bulk containers (IBCs), MS drums, and polymer-based drums for packaging and transporting chemicals, agrochemicals, and specialty chemicals.
Get real-time market updates here
Updated: August 29, 2023 at 10:00 am EST.
