The initial public offering (IPO) of Pyramid Technoplast Limited has opened for subscription, with August 22 as the closing date. Pyramid Technoplast, established in 1997 and headquartered in Mumbai, specializes in manufacturing polymer-based molded products for industrial packaging.
Key IPO Details:
- Subscription Status: The IPO witnessed a strong start, being subscribed 78% on the first day, with bids received for 59.3 lakh equity shares out of the total size of 75.60 lakh shares.
- Timetable: The public offer commenced on August 18 and will be available until August 22. Share allocation and listing on exchanges are projected to take place on August 25 and 30, respectively, as reported by Mint, an affiliate of HT.
- IPO Size and Price: Pyramid Technoplast aims to raise ₹153.05 crore through the IPO. Prior to the opening, the company secured ₹27.55 crore through an anchor book. The share price band has been set at ₹151 to ₹166 per share.
- Lot Size: Bidders can apply in lots, with each lot consisting of 90 Pyramid Technoplast shares, according to Mint.
- IPO Registrar: Bigshare Services Private Limited has been appointed as the official registrar for the book build issue.
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