Pyramid Technoplast shares list with over 12% premium at ₹187 per share on NSE

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₹187 apiece on the NSE, a premium of 12.65% to the issue price of ₹166 per share. On BSE, Pyramid Technoplast shares were listed at a premium of 11.45% at ₹185 apiece. Pyramid Technoplast IPO had received strong subscription during August 18 to August 22.

The initial public offering (IPO) of Pyramid Technoplast was subscribed 18.29 times in total as the issue received bids for 13.83 crore shares as against 92.2 lakh shares on the offer. Pyramid Technoplast IPO was subscribed 14.72 times in the retail category and 32.24 times in the Non-Institutional Investors (NII) category. The Qualified Institutional Buyers’ (QIB) portion was booked 9.94 times.

Also Read: Aeroflex Industries IPO allotment date today. Latest GMP, how to check allotment status The company raised ₹153.05 crore from the IPO which consisted of a fresh issue of 55 lakh shares worth ₹91.30 crore and an offer for sale (OFS) of 37.20 lakh shares aggregating up to ₹61.75 crore. Pyramid Technoplast IPO price band was ₹151 to ₹166 per share and the minimum lot size was 90 shares.

Ahead of the IPO, Pyramid Technoplast Ltd had garnered a capital of ₹27.55 crore through an anchor book process on August 17. Four investors took part in the anchor book offering including the Carnelian Structural Shift Fund, the Alchemie Ventures Fund, the Pluris Fund, and the Resonance Opportunities Fund. Read here: Pyramid Technoplast IPO: Pyramid IPO collects ₹27.55 crore from anchor investors; check details The company had 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.