Pyramid Technoplast IPO: Pyramid IPO fully booked on day 1; here's what GMP indicates
₹151 to ₹166 per equity share of face value of ₹10 each. Pyramid Technoplast IPO garnered a capital of ₹27.55 crore through an anchor book process on Thursday, August 17. Pyramid IPO is made up of fresh issue that totals to ₹91.30 crore and offer for sale (OFS) portion aggregates to ₹61.75 crore on upper band price through the Offer.
Pyramid Technoplast IPO has reserved not more than 30% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 20% for Non Institutional Investors (NII), and not less than 50% of the offer is reserved for Retail Investors. Pyramid IPO's grey market sentiment is positive as the issue has been fully booked on day 1 . Also Read: TVS Supply Chain IPO allotment today; Latest GMP, here's how to check allotment status Pyramid Technoplast IPO GMP or grey market premium on Saturday was +28 similar to the previous two trading sessions.
This indicates Pyramid Technoplast share price were trading at a premium of ₹28 in the grey market on Saturday, according to topsharebrokers.com Considering the upper end of the Pyramid IPO price band and the current premium in the grey market, the estimated listing price of Pyramid Technoplast share price is ₹194 apiece, which is 16.87% higher than the IPO price of ₹166. Pyramid IPO GMP on Wednesday was ₹24. According to topsharebrokers.com, Pyramid Technoplast IPO GMP based on the last 11 sessions grey market activities, and Pyramid IPO GMP today's trend indicates Upside and expects a strong listing.
The lowest GMP is recorded at ₹19 while the highest GMP is ₹28. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Pyramid IPO was subscribed 1.61 times on day 1.
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