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Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements.
CPS Shapers is planning to raise Rs 11.10 crore via public offer, which is entirely a fresh issue.
The IPO of Pyramid Technoplast was overall subscribed 14.72 times between August 18-22 as the company sold its shares in the range of Rs 151-166 apiece.
The non-institutional investors' portion was booked the most at 20.09x, followed by retail at 11.12x. The category reserved for qualified institutional buyers (QIB) was subscribed 1.63 times.
Incorporated in 1997, Pyramid Technoplast manufactures polymer-based molded drums used by various companies and industries for their packaging requirements.