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Pyramid Technoplast Shares: Shares of Pyramid Technoplast traded at a premium of 12.65% in Tuesday’s trade on the NSE at Rs. 187 were listed. Its IPO price per share is Rs. was 166. Whereas, on BSE it traded at a premium of 11.45% at Rs. 185 was opened. However, after a while the stock fell by 5% to Rs. had come to 177.65.
Subscribed 18 times
Pyramid Technoplast’s IPO was subscribed about 18 times. The share of non-institutional investors was subscribed a maximum of 32.24 times. The retail sector was subscribed 14.72 times. The category reserved for Qualified Institutional Buyers (QIBs) was subscribed about 10 times.
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About the company
Pyramid Technoplast is an industrial packaging company engaged in the manufacturing business of polymer-based molded products (polymer drums). It is mainly used by chemical, agro chemical, specialty chemical and pharmaceutical companies for their packaging needs.