Pyramid Technoplast IPO GMP History
Pyramid Technoplast IPO has been listed on August 29, 2023 at a listing price of ₹187, against the issue price of ₹166 — a gain of ₹21 (+12.65%). The GMP peaked at ₹9.94 on 22 August 2023 and reached a low of ₹1.27 on 18 August 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Pyramid Technoplast IPO raised ₹153.05 Cr. through its IPO at a price band of ₹151 to ₹166 per share, with a lot size of 90 shares. The IPO was open for subscription from 18 Aug 2023 to 22 Aug 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:04 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Aug 2023 | ₹ 9.94 | ▲ | 6% | — | — |
| 21 Aug 2023 | ₹ 1.52 | ▲ | 1% | — | — |
| 18 Aug 2023 | ₹ 1.27 | — | 1% | — | — |
Pyramid Technoplast IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 18 Aug 2023
- Close 22 Aug 2023
- Allotment 25 Aug 2023
- Refund/credit 28 Aug 2023
- Listing 29 Aug 2023
Pyramid Technoplast IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹166 |
|---|---|
| GMP-based estimate (pre-listing) | ₹175 (+5.4%) |
| Listing gain / loss | +₹21 per share |
| Listing date | 29 Aug, 2023 |
| Actual listing price | ₹187 (+12.65%) |
Is Pyramid Technoplast IPO GMP reliable?
Grey market premium for Pyramid Technoplast IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Pyramid Technoplast IPO full review for a fundamentals-based assessment before making any grey market trades.
Pyramid Technoplast IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Pyramid Technoplast IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Pyramid Technoplast IPO
Pyramid Technoplast Limited was incorporated as Pyramid Technoplast Private Limited on 30 December 1997 and began commercial production in 1998. It makes polymer-based moulded products, mainly polymer drums, used by chemical, agrochemical, speciality chemical and pharmaceutical companies.
It makes polymer bulk packaging drums, intermediate bulk containers (IBC) and MS drums for packaging and transporting chemicals. It has UN certification for its IBC and MS drums to meet safety levels.
It has six manufacturing units, two at Silvassa in Dadra and Nagar Haveli and four at Bharuch, Gujarat.
The IPO was Rs 153.05 crore, with Rs 91.30 crore of fresh issue and Rs 61.75 crore of offer for sale by promoter Credence Financial Consultancy LLP. Rs 40.00 crore was planned for repaying borrowings and Rs 40.21 crore for working capital.
Frequently asked
What is the GMP of Pyramid Technoplast IPO?
The current Grey Market Premium (GMP) of Pyramid Technoplast IPO is ₹ 9.94.
What is the Kostak Price of Pyramid Technoplast IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Pyramid Technoplast IPO is not available.
What is the Subject to Sauda Price of Pyramid Technoplast IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Pyramid Technoplast IPO?
Pyramid Technoplast IPO listed on August 29, 2023 at ₹187, against the issue price of ₹166 — a gain of +12.65%.
How did the GMP of Pyramid Technoplast IPO trend before listing?
The GMP of Pyramid Technoplast IPO was rising in its final days before listing. The GMP peaked at ₹9.94 on 22 August 2023. View the day-wise table above for the complete GMP history.
Explore Pyramid Technoplast IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
