Pyramid Technoplast IPO: Pyramid IPO fully booked, subscribed 1.61 times on day 1

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IPO Subscription Status: Pyramid Technoplast IPO was subscribed 1.61 times on day 1. Pyramid Technoplast IPO opened today (Friday, August 18) and will close on Tuesday, August 22. Pyramid Technoplast IPO received overwhelming response from retail investors on day 1.

Qualified institutional buyers and non-institutional investors (NIIS) responded positively to the issue on the first day. All three categories were fully booked on day 1. Pyramid IPO's retail investors portion was subscribed 1.90 times, NII portion was subscribed 1.06 times, and QIBs portion was subscribed 1.27 times.

Pyramid IPO has received bids for 1,21,45,950 shares against 75,60,400 shares on offer, according to data from the BSE. Pyramid Technoplast IPO's retail investors' portion received bids for 87,81,210 shares against 46,10,000 shares on offer for this segment. Pyramid IPO's non-institutional investors' portion received bids for 19,59,750 shares against 18,44,000 on offer for this segment.

Pyramid Technoplast IPO's QIBs portion received bids for 14,04,990 shares against 11,06,400 on offer for this segment. Also Read: Pyramid Technoplast IPO: GMP, review to subscription status. Apply or not? 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. Pyramid Technoplast IPO garnered a capital of ₹27.55 crore through an anchor book process on Thursday, August 17. Four investors took part in the anchor book offering, according to the exchange filing of Pyramid Technoplast.