Pyramid Technoplast IPO:
In a significant financial move, Pyramid Technoplast is gearing up for its initial public offering (IPO) launch on August 18. This prominent event in the market is set to offer shares within a price range of ₹151-166 per share. The company’s aim with this book-built issue is to secure a substantial ₹153.05 crore in funds. Notably, Pyramid Technoplast’s IPO marks the fourth public issue this August, following the footsteps of SBFC Finance, Concord Biotech, and TVS Supply Chain Solutions.
Pyramid Technoplast IPO GMP:
As anticipation brews around Pyramid Technoplast’s IPO, the shares have yet to establish their presence in the grey market.
Pyramid Technoplast IPO Key Dates:
- Opening Date: The IPO subscription window is set to open on Friday, August 18, 2023.
- Closing Date: Investors have until Tuesday, August 22, 2023, to make their subscriptions for the Pyramid Technoplast IPO.
Listing and Trading Details:
The forthcoming public issue by Pyramid Technoplast is slated for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Pyramid Technoplast IPO Listing Date:
Investors can mark their calendars for the probable listing date of Pyramid Technoplast IPO, which is projected to occur on Wednesday, August 30, 2023.
Pyramid Technoplast IPO Size and Structure:
The IPO comprises 9,220,000 shares, collectively amounting to ₹153.05 crore.
Pyramid Technoplast IPO Lot Details:
For retail investors, the bidding process commences at a minimum of 90 equity shares, with subsequent bids required to be in multiples of 90 shares. Here’s a quick breakdown:
- Retail Minimum: 1 lot (90 shares)
- Retail Maximum: 13 lots (1,170 shares)
Investment Parameters for Retail Investors:
Retail participants can participate by applying for a minimum of ₹14,940 (equivalent to one lot, i.e., 90 shares). On the higher end, they can invest up to ₹1,94,220 (accounting for 1,170 shares).
Pyramid Technoplast IPO Allotment and Demat Account Credit:
The finalization of IPO share allotments is set to take place by August 25. Eligible investors can anticipate the credit of allocated shares to their demat accounts by August 29.
Pyramid Technoplast IPO Registrar:
Taking charge of the IPO’s registrar responsibilities is Bigshare Services Pvt Ltd.
Prominent Stakeholders:
Pyramid Technoplast boasts a lineup of distinguished promoters, including Bijaykumar Agarwal, Jaiprakash Agarwal, Pushpa Devi Agarwal, Madhu Agarwal, Yash Synthetics Private Limited, and Credence Financial Consultancy LLP.
About Pyramid Technoplast:
Pyramid Technoplast Private Limited specializes in manufacturing plastic products. Their product range includes drums, barrels, cans, and various types of plastic containers. The company primarily caters to customers within India.
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