The Pyramid Technoplast IPO started on August 18, 2023, and ended on August 22, 2023. Shares were allocated on August 25, 2023, and refund processes began on August 28, 2023. On August 29, 2023, the shares were credited to investors demat accounts. Pyramid Technoplast was officially listed on the stock exchange on August 30, 2023.
During the IPO, Pyramid Technoplast offered shares at a price range of ₹151 to ₹166 per share, and the lot size was 90 shares. The total issue size was ₹153.05 crores, with ₹153.05 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 30% of the shares were allocated to Qualified Institutional Buyers (QIB), 20% were reserved for Non-Institutional Investors (NII), and 50% were set aside for retail investors.
Pyramid IPO Subscription Update Video
Pyramid Technoplast IPO Subscription Status
The Pyramid Technoplast IPO on August 22, 2023 was subscribed 18.29 times, with the retail category being subscribed 14.72 times, the NII (Non-Institutional Investor) category being subscribed 32.24 times, the QIB (Qualified-Institutional Buyers) category being subscribed 9.94 times.
| Category | Subscription |
| QIB | 9.94x |
| NII | 32.24x |
| Retail | 14.72x |
| Total | 18.29x |
Pyramid Technoplast IPO Basic Details
| Company Name | Pyramid Technoplast Limited |
| Domain of Company | Polymer-Based Molded Products, Particularly Polymer Drums |
| IPO Open Date | August 18, 2023 |
| IPO Close Date | August 22, 2023 |
| IPO Allotment Date | August 25, 2023 |
| IPO Listing Date | August 30, 2023 |
| Face Value | ₹10 per share |
| Price | ₹151 to ₹166 per share |
| Lot Size | 90 Shares |
| Issue Size | 9,220,000 shares of ₹10 (aggregating up to ₹153.05 Cr) |
| Fresh Issue | 9,220,000 shares of ₹10 (aggregating up to ₹91.30 Cr) |
| Offer for Sale | 3,720,000 shares of ₹10 (aggregating up to ₹61.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Bijaykumar Agarwal, Jaiprakash Agarwal, Yash Synthetics Private Limited, Credence Financial Consulatncy Llp, Pushpa Devi Agarwal And Madhu Agarwal |
About Pyramid Technoplast Limited
Founded in 1997, Pyramid Technoplast Limited specializes in crafting polymer-based molded products, particularly Polymer Drums, essential for packaging needs across industries like chemicals, agrochemicals, specialty chemicals, and pharmaceuticals.
The company produces a range of polymer-based bulk packaging drums, Intermediate Bulk Containers (IBCs), and MS Drums, catering to the packaging and transportation requirements of chemical, agrochemical, and specialty chemical sectors.
Commencing commercial operations in 1998, Pyramid Technoplast now boasts a network of six manufacturing units. Four of these units are strategically located in Bharuch, GIDC, Gujarat, while the remaining two are situated in Silvassa, UT of Dadra and Nagar Haveli. These units collectively possess a substantial production capacity: 20,612 MTPA for Polymer Drums, 12,820 MTPA for IBCs, and 6,200 MTPA for MS Drums. The company is currently erecting its seventh manufacturing facility, also to be situated in Bharuch, GIDC, Gujarat.
In pursuit of safety benchmarks, Pyramid Technoplast has secured UN certification in line with United Nations Recommendations for IBCs and MS Drums. Moreover, the manufacturing units hold ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, attesting to their commitment to quality, environmental stewardship, and occupational health and safety. The Polymer Drums, carboys, jerry cans, IBCs, and MS Drums, produced by the company, adhere to the stringent quality criteria outlined in IS 1783:2014 (Part 1 and 2) established by the Bureau of Indian Standards.
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Pyramid Technoplast IPO FAQs
What is the start and end date of Pyramid Technoplast IPO Subscription?
The Pyramid Technoplast IPO started on August 18, 2023, and ended on August 22, 2023.
When does Pyramid Technoplast IPO Subscription open?
The Pyramid Technoplast IPO open on August 18, 2023.
When does Pyramid Technoplast IPO Subscription close?
The Pyramid Technoplast IPO Close on August 22, 2023.
What is the allotment date of Pyramid Technoplast IPO?
The allotment date for Pyramid Technoplast IPO is August 25, 2023.
When is the initial refund date of Pyramid Technoplast IPO?
The initial Refund date for Pyramid Technoplast IPO is August 28, 2023.
When were the shares credited to investors demat accounts for the Pyramid Technoplast IPO?
The shares for the Pyramid Technoplast IPO were credited to investors demat accounts on August 29, 2023.
When will Pyramid Technoplast IPO be listed on the stock market?
Pyramid Technoplast IPO stock market will be listed on August 30, 2023 at 10 am.
What was the price range of the Pyramid Technoplast IPO shares?
The Pyramid Technoplast IPO shares were offered at a price range of ₹151 to ₹166 per share.
What was the lot size for the Pyramid Technoplast IPO shares?
The lot size for the Pyramid Technoplast IPO shares was 90 shares.
What was the total issue size of the Pyramid Technoplast IPO?
The total issue size of the Pyramid Technoplast IPO was ₹153.05 crores.
How were the shares allocated among different types of investors for the Pyramid Technoplast IPO?
30% of the shares were allocated to Qualified Institutional Buyers (QIB), 20% were reserved for Non-Institutional Investors (NII), and 50% were set aside for retail investors.
On which stock exchanges was the Pyramid Technoplast IPO listed?
The Pyramid Technoplast IPO was listed on both the NSE and BSE.
What is the Pyramid Technoplast IPO Subscription Status?
Pyramid Technoplast IPO is subscribed 18.29 Times.
