Pyramid Technoplast ( IPO ) Limited, a company founded in 1997, produces polymer-based moulded products (Polymer Drums), which are primarily utilised by chemical, agrochemical, specialty chemical, and pharmaceutical firms for packaging needs.
The business produces Intermediate Bulk Containers (IBC), MS Drums, and polymer-based bulk packaging drums for the packaging and transportation of chemicals, agrochemicals, and speciality chemicals.
Pyramid Technoplast began producing commercially in 1998 and currently has more than 6 manufacturing facilities, of which two are in Silvassa, UT of Dadra and Nagar Haveli and four are in Bharuch, GIDC, Gujarat. Their IBC manufacturing facility has an installed capacity of 12,820 MTPA, their Polymer Drum manufacturing units have a total installed capacity of 20,612 MTPA, and their Polymer Drum manufacturing units have a total installed capacity of the MS Drums unit is 6,200 MTPA. The company is in the process of constructing its seventh manufacturing unit which will also be situated in Bharuch, GIDC, Gujarat..
In order to comply with safety standards, the firm has received UN certification stipulated under United Nations Recommendation for IBC and MS Drums. For the production of Polymer Drums, carboys, jerry cans, IBC & MS Drums and accessories, the manufacturing facilities are ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified by quality, environment, health, and safety management systems. Their MS Drums also meet the quality requirements of IS 1783:2014 (Part 1 and 2) established by the Bureau of Indian Standards.
Pyramid Technoplast IPO Details
Pyramid Technoplast IPO is a Book Built Issue. The IPO total issue size is Rs 153.05 Cr. The Pyramid Technoplast IPO price is ₹151 to ₹166 per share. The IPO will list on BSE, NSE.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company,
- Funding working capital requirements of the company, and
- General corporate purposes.
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹151 to ₹166 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 9,220,000 shares (aggregating up to ₹153.05 Cr) |
| Fresh Issue | 5,500,000 shares (aggregating up to ₹91.30 Cr) |
| Offer for Sale | 3,720,000 shares of ₹10 (aggregating up to ₹61.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,284,800 |
| Share holding post issue | 36,784,800 |
Pyramid Technoplast IPO Reservation
| QIB Shares Offered | Not more than 30.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 20.00% of the Offer |
| Retail Shares Offered | Not less than 50.00% of the Offer |
Pyramid Technoplast IPO Timetable (Tentative)
Pyramid Technoplast IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Pyramid Technoplast IPO Lot Size
The minimum lot size of this Pyramid Technoplast IPO is 90 shares required is ₹14,940.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,940 |
| Retail (Max) | 13 | 1170 | ₹194,220 |
| S-HNI (Min) | 14 | 1,260 | ₹209,160 |
| S-HNI (Max) | 66 | 5,940 | ₹986,040 |
| B-HNI (Min) | 67 | 6,030 | ₹1,000,980 |
| Lot Size Calculator | |||
Pyramid Technoplast IPO Promoter Holding
Bijaykumar Agarwal, Jaiprakash Agarwal, Pushpa Devi Agarwal, Madhu Agarwal, Yash Synthetics Private Limited, and Credence Financial Consultancy LLP are the company’s promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.94% |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 153.46 | 183.76 | 225.78 |
| Revenue | 316.18 | 402.64 | 482.03 |
| Profit After Tax | 16.99 | 26.15 | 31.76 |
| Net Worth | 48.85 | 75.20 | 107.25 |
| Reserves and Surplus | 44.94 | 71.29 | 75.97 |
| Total Borrowing | 51.30 | 64.77 | 55.34 |
Amount in ₹ Crore
Key Performance Indicator
Pyramid Technoplast IPO Market Cap is Rs 611 Cr and P/E (x) is 16.21.
| KPI | Values |
|---|---|
| P/E (x) | 16.21 |
| Market Cap (₹ Cr.) | 611 |
| ROE | 29.61% |
| ROCE | 21.37% |
| EPS (Rs) | 10.24 |
| RoNW | 29.61% |
Company Contact Information
Pyramid Technoplast Limited
Office No.2, 2nd Floor, Shah Trade Centre,
Rani Sati Marg, Near W.E Highway,
Malad (East), Mumbai – 400 097
Phone: +91 22 4276 1547
Email: cs@pyramidtechnoplast.com
Website: https://pyramidtechnoplast.com/
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