Pyramid Technoplast IPO: Pyramid IPO subscribed over 18 times on day 3 so far; NII portion sees huge demand

livemint.com:

IPO Subscription Status: Pyramid Technoplast IPO was subscribed 18.16 times on day 3, so far. Pyramid Technoplast IPO opened Friday, August 18 and will close today (Tuesday, August 22). Pyramid Technoplast IPO received overwhelming response from non-institutional investors (NIIS) and retail investors on day 3.

Qualified institutional buyers also responded positively to the issue on the third day. All three categories were oversubscribed on day 3 Pyramid IPO's retail investors portion was subscribed 14.51 times, NII portion was subscribed 32.21 times, and QIBs portion was subscribed 9.94 times. Pyramid Technoplast IPO was subscribed 5.84 times on day 2, and was subscribed 1.61 times on day 1.

Pyramid IPO has received bids for 13,72,76,280 shares against 75,60,400 shares on offer, at 16:30 IST, according to data from the BSE. Pyramid Technoplast IPO's retail investors' portion received bids for 6,68,71,530 shares against 46,10,000 shares on offer for this segment. Pyramid IPO's non-institutional investors' portion received bids for 5,94,03,420 shares against 18,44,000 on offer for this segment.

Pyramid Technoplast IPO's QIBs portion received bids for 1,10,01,330 shares against 11,06,400 on offer for this segment. Also Read: Aeroflex Industries IPO Day 1: Ashish Kacholia-backed issue subscribed 2.88 times so far; retail portion booked 3.37x Pyramid Technoplast IPO price band has been fixed in the range between ₹151 to ₹166 per equity share of face value of ₹10 each. Pyramid Technoplast IPO lot size is 90 equity shares and in multiples of 90 equity shares thereafter.