Pyramid Technoplast IPO GMP, Price, Date & Allotment

Pyramid Technoplast IPO Grey Market Premium is ₹30 as of Monday, 21st August 2023.

Pyramid Technoplast is an industrial packaging firm that manufactures polymer-based moulded products (Polymer Drums) that are primarily used for packaging by chemical, agrochemical, specialty chemical, and pharmaceutical companies. It is one of India’s top manufacturers of rigid Intermediate Bulk Containers (IBC) with a capacity of 1,000 litres. It also produces MS Drums, which are composed of mild steel (MS) and are used in the packaging and transportation of chemicals, agrochemicals, and speciality chemicals.

Pyramid Technoplast IPO Details

The Pyramid Technoplast IPO GMP is 30 rupees today. This is an increase of two rupees over the previous GMP of 28 rupees. This upward movement in the unlisted market can be attributed to the improved sentiment of this Indian equity market. GMP’s price could rise if investors’ participation grows substantially during the IPO.

Pyramid Technoplast IPO Dates	Aug 18, 2023 to Aug 22, 2023
Pyramid Technoplast IPO Price	₹151 to ₹166 per share
Fresh issue	55,00,000 shares
Offer For Sale	37,20,000 shares
Total IPO size	92,20,000 shares
Minimum bid (lot size)	90 equity shares
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	BSE, NSE

Pyramid Technoplast Financial Performance

	FY 2020	FY 2021	FY 2022	H1 FY 2023
Revenue	259.27	313.50	400.42	236.25
Expenses	252.24	293.30	367.48	214.83
Net income	5.55	16.99	26.15	15.74
Margin (%)	2.14	5.42	6.53	6.66

Pyramid Technoplast Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	1.73	5.41	8.43
PE ratio	–	–	–
RONW (%)	17.28	34.79	34.77
NAV	10.21	15.61	24.04
ROCE (%)	15.10	21.11	21.38
EBITDA (%)	7.17	10.28	11.03
Debt/Equity	1.45	1.05	0.86

Pyramid Technoplast IPO Subscription Status – Live Updates

• The Pyramid Technoplast IPO subscription status reveals that the IPO has been oversubscribed 8.87 times overall.
• The retail segment has witnessed significant demand, resulting in the oversubscription amounting to 9.30 times. In the Non-Institutional Investor (NII) section is awash with oversubscriptions of 12.18 times. Meanwhile, the QIB (Qualified Institutional Buyer) (QIB) category was subscribing 1.54 times.

Pyramid Technoplast IPO Dates & Listing Performance

Pyramid Technoplast IPO allotment date is 25th August 2023. The Pyramid Technoplast IPO date of listing set for 30th August 2023.

Pyramid Technoplast IPO Opening Date	Friday, 18 August 2023
Pyramid Technoplast IPO Closing Date	Tuesday, 22 August 2023
Finalization of Basis of Allotment	Friday, 25 August 2023
Initiation of refunds	Monday, 28 August 2023
Transfer of shares to demat accounts	Tuesday, 29 August 2023
Pyramid Technoplast IPO Listing Date	Wednesday, 30 August 2023

Pyramid Technoplast IPO Apply or Not – Pyramid Technoplast IPO Review

The business has long-term relationships with suppliers or distributors, both national and international, as well as multiple suppliers to purchase specific parts instead of being dependent on a single supplier for their components to protect their supply chain from problems. It also lets them ensure they have access to the raw materials they use and allow their customers to obtain the highest prices they can for their goods.

Investors looking to get exposure to an emerging company in the manufacturing industry could consider Pyramid Technoplast’s IPO attractive.

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