Pyramid Technoplast IPO: GMP, subscription status, review, apply or not?

livemint.com:

Pyramid Technoplast IPO: Bidding for initial public offering (IPO) of Pyramid Technoplast Limited opened on 18th August 2023 and it will remain open for bidders till 22nd August 2023. Means Pyramid Technoplast IPO subscription will end on tomorrow and investors have just two days in hand to apply for the initial offer. As per the Pyramid Technoplast IPO subscription status, by 12:15 PM on day two of bidding, the public issue has been subscribed 3.40 times whereas its retail portion has ben subscribed 3.98 times.

Meanwhile, grey market has gone bullish on the public issue after trend reversal on Dalal Street during Monday deals. According to market observers, shares of Pyramid Technoplast Limited are available at a premium of ₹28 in grey market today. This means, grey market is expecting around 17 per cent listing gain from the public issue.

They said that Pyramid Technoplast IPO grey market premium (GMP) may further go northward if the current reversal on Dalal Street extends further. By 12:15 on day two of bidding, Pyramid Technoplast IPO has been subscribed 3.40 times whereas its retail portion has been subscribed 3.98 times. The public issue has been subscribed 3.33 times in NII category while its QIB portion has been subscribed 1.29 times.