Pyramid Technoplast's IPO gets good response from investors, subscribed almost 18 times on the last day
Pyramid Technoplast IPO: Pyramid Technoplast's IPO has closed today. Pyramid Technoplast's IPO has been subscribed 18 times on the last day. Non-institutional investors have shown the most interest in this IPO. The company's IPO will soon be listed on the stock market. The company's IPO received bids for 138285180 shares, according to NSE data.
Today was the last day of the IPO of Pyramid Technoplast. Today (Tuesday) the company's IPO has been subscribed 18.29 times.
Pyramid Technoplast is a packaging company. The Rs 153-crore IPO received bids for 13,82,85,180 shares against 75,60,400 shares on offer, according to NSE data.
Non-institutional investors have shown the most interest in the IPO of Pyramid Technoplast. The non-institutional investors category was subscribed 32.24 times, while the retail individual investors (RII) quota was subscribed 14.72 times. On the other hand, the qualified institutional buyers (QIB) portion was subscribed 9.94 times.
The company issued 55 lacks fresh equity in this IPO. At the same time, 37.20 lakh shares were kept for offer for sale. The company had fixed the price band of the IPO at Rs 151-166 per share. The shares of the company were open to anchor investors on 17 August. The company has raised Rs 27.54 crore through anchor investors. PNB Investment Services Limited and First Overseas Capital were the managers of the offer.
Pyramid Technoplast is a drum manufacturing company. It offers a wide range of packaging solutions. This industrial packaging company is engaged in the manufacture of polymer-based molded products (polymer drums). It is mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging needs.
