Markets News: Pyramid Technoplast functions as a prominent drum manufacturing enterprise, delivering an extensive array of packaging solutions. This industrial pack
The IPO of Pyramid Technoplast was subscribed 18 times at close. The non-institutional investors portion was subscribed the most at 32.24x, followed by retail at 14.72x. The category reserved for qualified institutional buyers (QIB) was subscribed nearly 10 times.
The company's shares were listed at Rs 187 on the National Stock Exchange, reflecting a 12.65 per cent premium over the issue price of Rs 166 per share.
Pyramid Technoplast IPO opened for subscription on August 18 to August 22 with 100% book building. The company aimed to raise fresh issue worth Rs 56.17 crores through initial public offering. Eventual, IPO price was locked in Rs 166.