Business Standard

Pyramid Technoplast Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

153.05 cr

Price Range (₹)

166

Lot Size

90

Min Investment (₹)

14,940.00

Listing Exchange

MumbaiNSE

Open Date

18-Aug-2023

Close Date

22-Aug-2023

Listing Date

29-Aug-2023

Pyramid Technoplast Ltd News

    The Shares of Pyramid Technoplast Ltd have now been listed.

    Pyramid Technoplast Ltd IPO Details

    Initial public offering of up to 92,20,000 equity shares of face value of Rs. 10 each (Equity Shares) of Pyramid Technoplast Limited (The Company or the Issuer) for cash at a price of Rs. 166 per equity share (including a premium of Rs. 156 per equity share) (Offer Price) aggregating up to Rs. 153.05 crores. The offer comprises fresh issue of up to 55,00,000 equity shares aggregating up to Rs. 91.30 crores (Fresh Issue) and an offer for sale of up to 37,20,000 equity shares by the company selling shareholder aggregating up to Rs. 61.75 crores (the Selling Shareholder) (the Offer for Sale, and together with the fresh issue, the Offer). The offer will constitute 25.06% of the compant post-offer paid-up equity share capital of the company. Offer Price: Rs.166 per equity share of face value of Rs.10 each.The Offer Price is 16.6 times of the face value The minimum bid lot is 90 equity shares and in multiples of 90 equity shares thereafter.

    Objective of issue

    Repayment and/or pre-payment or repayment, in full or part of certain outstanding borrowings availed by the company. Funding working capital requirements of the company. General corporate purposes.

    Pyramid Technoplast Ltd Contact Details

    Pyramid Technoplast Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - s@pyramidtechnoplast.com

    Website - www.pyramidtechnoplast.com