Pyramid Technoplast IPO GMP today, subscription, lot size, share price and many more details of this IPO are in this article.
Pyramid Technoplast IPO GMP Today
Pyramid Technoplast Limited, which manufactures polymer-based molded products, launches its initial public offering to raise funds in the market. This company has been operating commercially since 1998, and this year it has six strategically located manufacturing units. Now the company is expanding and for this it needs to take money out of the market.
So, Pyramid Technoplat will raise money through an IPO whose issue date is 18-22 Aug 2023. Pyramid Technoplast IPO GMP Today costs just Rs 24 which is expected to rise very soon. Also, you need to know your current Kostak rate which is Rs 300.
Pyramid Technoplast IPO Overview
| Company Name | Pyramid Technoplast Limited |
| IPO opening date | August 18, 2023 |
| IPO Closing Date | August 22, 2023 |
| Assignment | August 25, 2023 |
| refunds | August 28, 2023 |
| stock credit | August 29, 2023 |
| stock quote | August 30, 2023 |
| share price | 151 rupees to 166 rupees |
| Nominal value | 10 rupees |
| Lot Size | 90 |
| problem size | 9,220,000 shares: Rs 153.05 crore |
| Company official website | pyramidtechnoplast.com |
Subscription to the initial public offering of Pyramid Technoplast
The subscription to the Pyramid Technoplast IPO will start on August 18, 2023, and all those investors who want to invest in this IPO must subscribe only on that day. If you are lucky, you will get the shares of this IPO and after going public, if the share price increases, you will get the benefits of this subscription.
The subscription to the Pyramid Technoplast IPO will end on August 22, so this day will be the last day to subscribe to this IPO. By signing up, your money will be locked up by the broker through which you apply for this IPO.
Pyramid Technoplast IPO lot size
When an IPO is launched, a person has to buy a certain amount of the share, no one can buy a single share. This time too, if someone wants to register for Pyramid Technoplast’s IPO, he must buy 90 or multiples of 90 shares.
With this IPO, the company will raise a total of Rs 91.30 crore and the offer to sell portion amounts to Rs 61.75 crore in the upper band price through this IPO. After knowing the lot size of Pyramid Technoplast’s IPO, you also need to know the price of the stock and make a prediction about the price when it goes public.
Pyramid Technoplast Initial Public Share Price
The share price of Pyramid Technoplast’s initial public offering is Rs 151-166 per share, and the par value will be Rs 10 per share. We know that the lot size of this IPO is 90, so if you get the IPO with Rs 151, you will have to spend Rs 13,590.
And if you get this IPO with the price of Rs 166 per share, then you will have to spend Rs 14,940. In each IPO, investors have to spend around Rs 15,000 for each lot, so you should keep money around this amount in your account and if you want to register for more lots, you should keep money in multiples of this amount. .
Pyramid Technoplast IPO Review
Many people like this IPO when looking at the details of the company as they specialize in manufacturing polymer based molded products such as polymer drums used in many industries such as chemical, agrochemical, specialty chemical companies and pharmaceuticals.
As we can see, the global market for plastic products is around $3.8 trillion and in India it will grow at a CAGR of 10% in the next 5 years. So, if you want to make a long-term investment, this IPO will be the best for you as it will also perform well globally in the coming years as per expectations.
Details of the IPO of Pyramid Technoplast
In the previous years, the company Pyramid Technoplast Limited has shown steady growth and in the previous year, the profit margin of the company in 2022-23 increased up to 11% i.e. Rs 157.4 crore. Over the past several years this company has established relationships with many customers in the industries in which its products are delivered.
This company has also obtained UN certification for IBCs and MS drums, which ensures that the products meet the strict security measures required for the transport of hazardous materials. This IPO has some risk, as it has shown negative cash flows in the past and may persist in the future. The company has some contingent liabilities that can potentially represent risks to the financial situation.
After learning about this IPO, you should be aware of other IPOs that will be announced and you can read about them by clicking here.
Categories: Finance
Source: vtt.edu.vn