Pyramid Technoplast IPO will open for subscription from 18 August 2023. the company aims for an issue size of ₹153.05 Cr through this IPO.
Company Overview
| Full name | Pyramid Technoplast Limited |
| Sector | Fast-Moving Consumer Goods |
| Industry | Packaging |
| Company Website | https://pyramidtechnoplast.com/ |
About Company
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. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 liters capacity IBC. It also manufactures MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals.
Pyramid Technoplast started commercial production in the year 1998 in Unit I. Presently, it has six strategically situated manufacturing units out of which four are in Bharuch, GIDC, and two are situated at Silvassa. The seventh manufacturing unit is under construction at the Bharuch, GIDC adjacent to the existing six units. The total installed capacity of the Polymer Drum manufacturing units is 18,837 Metric Tonnes Per Annum (MTPA). The total installed capacity of the IBC manufacturing unit is 3,240 MTPA and the total installed capacity of the MS Drums unit is 3,600 MTPA.
The Objective of the Issue
- Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company,
- Funding working capital requirements of the company,
- General corporate purposes.
IPO Timetable
| IPO Opening date | 18 August 2023 |
| IPO Closing | 22 August 2023 |
| Basis of Allotment | 25 August 2023 |
| Initiation Refund | 28 August 2023 |
| Credit to Demat Account | 29 August 2023 |
| Listing Date | 30 August 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹153.05 Cr – 9,220,000 shares |
| Fresh Issue | ₹91.30 Cr – 5,500,000 shares |
| Offer for sale | ₹61.75 Cr – 3,720,000 shares |
| Face value | ₹151 to ₹166 per share |
| Price Band | ₹151 to ₹166 per share |
| Lot size | 90 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| 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 |
Reservation Details
| QIB Shares Offered | 30% |
| NII (HNI) Shares Offered | 20% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 313.50 | 400.42 | 480.03 |
| Expenses | 293.30 | 367.48 | 439.18 |
| Net income | 16.99 | 26.15 | 31.76 |
| Margin (%) | 5.42 | 6.53 | 6.62 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.41 | 8.43 | 10.24 |
| PE ratio | – | – | 14.75 – 16.21 |
| RONW (%) | 34.79 | 34.77 | 29.61 |
| NAV | 15.61 | 24.04 | 34.28 |
| ROCE (%) | 21.11 | 21.38 | 21.37 |
| EBITDA (%) | 10.28 | 11.03 | 10.75 |
| Debt/Equity | 1.05 | 0.86 | 0.52 |
Company Promoters
- Bijaykumar Agarwal
- Jaiprakash Agarwal
- Pushpa Devi Agarwal
- Madhu Agarwal
- Yash Synthetics Private Limited
- Credence Financial Consultancy LLP
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 74.94% |
Lead Manager(s)
- Pnb Investment Services Ltd
- First Overseas Capital Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
PYRAMID TECHNOPLAST LIMITED
Office No.2, 2nd Floor, Shah Trade Centre, Rani Sati Marg,
Near W.E. Highway, Malad (East), Mumbai 400 097, Maharashtra
Phone: +91 22 42761547
Email: cs@pyramidtechnoplast.com
Website: www.pyramidtechnoplast.com
Allotment Status
Pyramid Technoplast IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Pyramid Technoplast IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
