- Date : 10/08/2023
- Read: 2 mins
Pyramid Technoplast is launching its IPO on 18th August to raise about ₹153 crores through the issue. Priced between ₹155 and ₹161 per share, the minimum bid is 90 shares per investor application. Know more details about the company and its IPO.
The fourth IPO (Initial Public Offering) of August so far is set to open. Offered by Pyramid Technoplast, the IPO includes both a fresh issue of equity shares and an Offer for Sale (OFS) by the company’s promoters. The allocation to anchor investors would be done a day in advance on 17th August after which the IPO would open to the public. The upper price band has been fixed at ₹161 per share and investors can bid for a minimum of 90 shares per application. The company has not yet entered the grey market which is why the Grey Market Premium (GMP) has not been determined.
- Pyramid Technoplast is a manufacturer of industrial-use packaging materials made of molded polymer.
- The company is launching its IPO on 18th August which would close on 22nd August.
- The IPO price band is ₹155 - ₹161 and the minimum bid is 90 shares totalling ₹14,940.
- The GMP is not yet determined since the company has not appeared in the grey market till date.
About Pyramid Technoplast
Pyramid Technoplast Limited was founded in 1997 and is engaged in the manufacture of polymer-based molded products meant for industrial use.
The company ranks among the top manufacturers of Intermediate Bulk Containers. It also manufactures MS and Polymer Drums used in the packaging and transportation of various chemicals.
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Pyramid Technoplast Financials
Here’s a quick look at the company’s past financial performance –
Pyramid Technoplast Ipo Details
The issue proceeds would be used for funding the company’s working capital needs, debt repayment and other corporate general purposes.
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The Bottom Line
The IPO has a good subscription window of five days during which you can assess the GMP and invest in the IPO if it matches your investment strategy. Check out the IPO details and make an informed investment decision.
Also Read – Know more about grey markets in IPO