Pyramid Technoplast IPO last date, listing date, price range, subscription status, other details

Pyramid Technoplast IPO: The initial public offering (IPO) of Pyramid Technoplast is open to the public from August 18. Tuesday (August 22) is the last day to subscribe to the IPO. The bidding will end today evening. The bidding date for the share was August 17, while 9,220,000 shares are up for grabs for an issue size of Rs 153 crore and an offer of sale of Rs 61.75 crore.

Zee Biz provides you with some important information about the IPO.

Pyramid Technoplast IPO Open Date

The OPI opened on August 18.

Pyramid Technoplast IPO Close Date

The last date for subscribing the IPO is today (August 22).

Pyramid Technoplast IPO Basis of Allotment

August 25 is the date for the basis of allotment.

Pyramid Technoplast IPO Listing Date

The listing of the company's share on the bourses is scheduled to be done on August 30.

Pyramid Technoplast IPO Price Range

The price range for the IPO is Rs 151 to Rs 166 per share. The lot size is 90, and the minimum investment is Rs 13,590–14,940.
 

Pyramid Technoplast IPO Subscription Status

On Day 1 (August 18) of the subscription, qualified institutional bidders (QIB) subscribed the Pyramid Technoplast IPO by 1.27 times. The IPO's non institutional investor portion was subscribed by 1.07 times, while its retail portion was subscribed by 1.95 per cent.
On Day 2 (August 21), the QIB portion was subscribed by 1.49 times, NII by 6.74 times, while retail by 6.59 times.
On Day 3 (August 22), the QIB has been subscribed by 0.27 times, NII by 8.73 times, while retail by 4.75 times. 

Should you buy Pyramid Technoplast IPO?

Zee Business Managing Editor Anil Singhvi says Pyramid Technoplast IPO is high risk, and he suggests investors avoid purchasing it.
About the positives of the company, Singhvi said that it has experienced and clean promoters with a good financial track record. Since it's a small-priced IPO, Singhvi predicts it to see some action post listing.