Plastic Drums / Industrial Packaging - Listed on 29 August 2023
Pyramid Technoplast (Plastic Drums / Industrial Packaging) closed its IPO window in 2023 and listed on NSE and BSE on 29 August 2023 at an upper band issue price of Rs 166, opening at Rs 187 for a listing gain of +12.7% and closing day one at Rs 177.65 (+7.0% on closing basis). The IPO was subscribed 18.29x overall - QIB 9.94x, HNI/NII 32.24x, Retail 14.72x. The total issue size was Rs 153.05 Cr (Fresh Issue Rs 91.3 Cr, OFS Rs 61.75 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Plastic Drums / Industrial Packaging
Pyramid Technoplast operates in the Plastic Drums / Industrial Packaging space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Pyramid Technoplast issue was offered at an upper price of Rs 166 and raised approximately Rs 153.05 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 22 | +13.25% |
| Day 2 | Rs 27 | +16.27% |
| Day 3 | Rs 24 | +14.46% |
| Day 4 | Rs 25 | +15.06% |
| Day 5 | Rs 27 | +16.27% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Pyramid Technoplast IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Pyramid Technoplast IPO listed at +12.7% versus the upper issue price of Rs 166 on 29 August 2023.
Pyramid Technoplast IPO was subscribed 18.29x overall. QIB portion was subscribed 9.94x, HNI / NII 32.24x and Retail 14.72x.
IPO GMP started at Rs 22 on Day 1 and moved to Rs 27 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.