Pyramid Technoplast IPO GMP Today, Date, Share Price, Review, Lot Size: The IPO of plastic drum maker Pyramid Technoplast Limited will open for public subscription tomorrow i.e. on 18th August. The company wants to raise Rs 153.05 crore through this initial public offering i.e. IPO. Retail investors will be able to bid for this IPO till 22 August. The company’s shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on August 30. Here we will provide you with all the information about Pyramid Technoplast IPO GMP Today, Date, Share Price, Review, and Lot Size in detail. So read the article carefully till the end.
Pyramid Technoplast IPO GMP Today
A retail investor will have to apply for a minimum of one lot i.e. 90 shares. The company has kept the price band of IPO at Rs 151-166 per share. If you apply for 1 lot according to the upper price band of IPO Rs 166, then you will have to invest Rs 14,940. Retail investors can bid for a maximum of 13 lots ie 1170 shares, for which Rs 1,94,220 will have to be invested. The company has reserved 50% of the issue for reserve retail investors. Apart from this, 30% is reserved for Qualified Institutional Investors (QIB) and the remaining 20% for Non-Institutional Investors (NII). So let’s see the complete information of Pyramid Technoplast IPO GMP Today, Date, Share Price, Review, and Lot Size through this article.
Pyramid Technoplast IPO GMP Today- Highlights
| Article | Pyramid Technoplast IPO GMP Today, Date, Share Price, Review, Lot Size |
| Name | Pyramid Technoplast Limited |
| IPO opening date | 18th August 2023 |
| IPO closing date | 30th August 2023 |
| Price Band | Rs 151-166 |
| Lot Size | 90 Shares |
| Total Issue Size | 9,220,000 shares (aggregating up to ₹153.05 Cr) |
| Fresh Issue | 5,500,000 shares (aggregating up to ₹91.30 Cr) |
| Shareholding pre-issue | 31,284,800 |
| Shareholding post issue | 36,784,800 |
| Official Website | https://pyramidtechnoplast.com/ |
Pyramid Technoplast IPO GMP
Pyramid Technoplast manufactures plastic drums used by chemical and pharma companies. The company started commercial production in 1998, with 6 manufacturing plants. Out of this 4 in Gujarat and one in Dadra and Nagar Haveli.
Apart from this, the company also works in injection molding technology. This technique is used to manufacture closures, lids, handles, caps, lugs, etc. The company launches its product in the market under the name of “Pyramid”. Pyramid Technoplast Limited Company also manufactures polymer-based bulk packaging drums, MS-drums for packaging used in transportation.
The company currently has 6 manufacturing units out of which 2 manufacturing units are located at Silvassa and 4 at GIDC, Bharuch. The seventh manufacturing unit of the company is under construction near the existing Bharuch unit. Pyramid Technoplast Limited Company has a polymer drum manufacturing capacity of 18,837 MTPA. The Company’s IBC manufacturing unit has a total installed capacity of 3,240 MTPA and the Company’s MS-Drum unit has a total installed capacity of 3,600 MTPA.
Pyramid Technoplast IPO GMP Share Price
Pyramid Technoplast Limited company is bringing its IPO to the market. The IPO of Pyramid Technoplast Limited Company will open on Friday, August 18, 2023, and will remain open till August 22, 2023, Tuesday. So if you like the fundamentals of the company. Then you will have to apply for the IPO between August 18, 2023, to August 22, 2023.
The company has kept the price band of its IPO at ₹151 to ₹166 per share. That is, if you want to apply for the IPO of the company, then you will have to bid between Rs.151 to Rs.166. The company will list its IPO on both NSE and BSE exchanges.
The market sentiment and subscription of the IPO have a big impact on the GMP of the IPO. If the market sentiment is positive then the GPM increases but if the market sentiment is bad then the GMP of the company’s IPO falls down. Similarly, subscription to IPO has an impact on GMP.
The GMP of Pyramid Technoplast Limited Company’s IPO is currently trading at Rs.19. If seen from this point of view, the listing of the company’s IPO can be listed in the market at 166 + 19 i.e. Rs 185 with a listing gain of 11.4 percent.
Pyramid Technoplast IPO Timetable
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| The credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Pyramid Technoplast IPO GMP Today Lot Size
If you apply for 1 lot according to the upper price band of IPO Rs 166, then you will have to invest Rs 14,940. If the market sentiment is positive then the GPM increases. But if the market sentiment is bad then the GMP of the company’s IPO falls down. Similarly, subscription to IPO has an impact on GMP. That is, if you want to apply for the IPO of the company, then you will have to bid between Rs.151 to Rs.166. The company will list its IPO on both NSE and BSE exchanges.
The IPO of Pyramid Technoplast Limited Company will open on Friday, August 18, 2023, and will remain open till August 22, 2023, Tuesday. So if you like the fundamentals of the company, then you will have to apply for the IPO between August 18, 2023, to August 22, 2023.
Pyramid Technoplast IPO GMP Contact Details
Pyramid Technoplast Limited
Office No.2, 2nd Floor, Shah Trade Centre,
Rani Sati Marg, Near W.E Highway,
Malad (East), Mumbai – 400 097
Phone: +91 22 4276 1547
Email: [email protected]
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FAQs About Pyramid Technoplast IPO GMP Today
1. What is the name of the company?
Ans. Pyramid Techoplast private limited.
2. What is the opening and closing date of the IPO?
Ans. 18th August 2023 to 30th August 2023.