What is the Grey Market Premium of Pyramid Technoplast IPO?
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Pyramid Technoplast IPO
Pyramid Technoplast Ltd, a SME, manufactures and derives its businesses from IBC Containers Verticals, MS Barrels Vertical, and Plastic Barrel Verticals. It involves supporting the chemical industries through packing and transporting activities. As the company has a good reputation in serving the leading national level companies like Jindal Group, Asian Paints, Adani Wilmar Ltd.
To expand its business operations, It further plans to acquire ₹153.05 Cr through IPO issue yet to be floated at Bombay Stock Exchange (BSE)/National Stock Exchange ( NSE) on August 18, 2023.
You can find in detail the genesis of pyramid technoplast ltd, achievements, business operations, financial status in consolidated format of past years, business performance. In addition, the article provides info on Key parameters, business profile, and the objectives of IPO issue and comparison to their peers.
On looking into the IPO share’s price, you can be determined to purchase shares through the IPO issue; it begins on August 18, 2023 and closes on August 22, 2023 and you can obtain the IPO Issue : Event timetable.
Furthermore, you can get info on Issue Type/Total Issue/Fresh Issue/Offer for Sale. The info on the Lot-size Allotment for Retail/S-NHI/B-HNI & the IPO Reservation can enable you in arranging for finances for IPO issue purchase.
Objectives of the Pyramid Technoplast IPO
Pyramid Technoplast Limited shall invest the proceeds obtained from the IPO funding in the following manner:
The company shall use the IPO funds in making repayments or pre-payments, in full or part of the outstanding borrowing.
The company shall fund the increased capital base as a working capital and other General Corporate requirements.
IPO Issue Details
The company plans to open the IPO issue on August 18, 2023 and close on August 22, 2023 and to be listed at BSE, and NSE.
The face value per share is 10, and the proposed bandwidth of the IPO share price is 151 – 166, with a lot size of 90. The company aims for a public fund of 153.05 Cr from this IPO issue.