Pyramid Technoplast IPO
Pyramid Technoplast Limited (PYRAMID) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 August 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +0.5% (likely range -5% to +15%), day's high +3.0%, chance of a gain 51%. Actual: +12.7% at the open, +13.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 11,06,400 | 1,10,01,330 | 9.94x | |
| NII (HNI) total | 18,44,000 | 5,94,41,400 | 32.2x | |
| Big NII (above ₹10 lakh) | 12,29,333 | 4,15,59,750 | 33.8x | |
| Small NII (₹2-10 lakh) | 6,14,667 | 1,78,81,650 | 29.1x | |
| Retail | 46,10,000 | 6,78,43,710 | 14.7x | |
| Total | 75,60,400 | 13,82,86,440 | 18.3x |
Bids on NSE and BSE together, as published by NSE, as of 22 Aug 2023, 07:00 PM. Shares offered exclude the anchor portion. 40% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Pyramid Technoplast's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Venus Pipes and TubesMay 2022 | 12.0x | 15.7x | 19.0x | 16.3x | ₹165 Cr | +3.5% | +8.7% |
| Stove KraftJan 2021 | 8.02x | 32.7x | 26.0x | 18.0x | ₹413 Cr | +29.4% | +29.4% |
| Global SurfacesMar 2023 | 8.95x | 33.1x | 5.12x | 12.2x | ₹155 Cr | +17.1% | +23.0% |
| RateGain Travel TechnologiesDec 2021 | 8.42x | 42.0x | 8.08x | 17.4x | ₹1,336 Cr | -15.3% | -9.9% |
| Windlas BiotechAug 2021 | 24.4x | 15.7x | 24.3x | 22.5x | ₹401 Cr | -5.0% | -1.7% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| PNB Investment Services Ltd. And First Overseas Capital | 3 | +13.8% | 67% |
Offer documents (NSE)
Frequently asked
What is the Pyramid Technoplast IPO price band and lot size? ₹151–166 per share, with a lot of 90 shares, so the smallest retail bid is ₹14,940.
How many times has it been subscribed? 18.3x overall: QIB 9.94x, NII 32.2x, retail 14.7x.
How did it list? It opened at ₹187, +12.7% against the issue price of ₹166, and closed its first day +7.0%.
