Pyramid Technoplast Limited IPO (Pyramid Technoplast IPO) Detail

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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:

  1. Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company,
  2. Funding working capital requirements of the company, and
  3. General corporate purposes.
IPO DateAug 18, 2023 to Aug 22, 2023
Listing Date[.]
Face Value₹10 per share
Price₹151 to ₹166 per share
Lot Size90 Shares
Total Issue Size9,220,000 shares
(aggregating up to ₹153.05 Cr)
Fresh Issue5,500,000 shares
(aggregating up to ₹91.30 Cr)
Offer for Sale3,720,000 shares of ₹10
(aggregating up to ₹61.75 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue31,284,800
Share holding post issue36,784,800

Pyramid Technoplast IPO Reservation

QIB Shares OfferedNot more than 30.00% of the Net offer
NII (HNI) Shares OfferedNot less than 20.00% of the Offer
Retail Shares OfferedNot 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 DateFriday, 18 August 2023
IPO Close DateTuesday, 22 August 2023
Basis of AllotmentFriday, 25 August 2023
Initiation of RefundsMonday, 28 August 2023
Credit of Shares to DematTuesday, 29 August 2023
Listing DateWednesday, 30 August 2023
Cut-off time for UPI mandate confirmation5 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.

Retail (Min)190₹14,940
Retail (Max)131170₹194,220
S-HNI (Min)141,260₹209,160
S-HNI (Max)665,940₹986,040
B-HNI (Min)676,030₹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 Holding100.00%
Post Issue Share Holding74.94%

Company Financials

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax16.9926.1531.76
Net Worth48.8575.20107.25
Reserves and Surplus44.9471.2975.97
Total Borrowing51.3064.7755.34

Amount in ₹ Crore

Key Performance Indicator

Pyramid Technoplast IPO Market Cap is Rs 611 Cr and P/E (x) is 16.21.

P/E (x)16.21
Market Cap (₹ Cr.)611
EPS (Rs)10.24

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

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