Pyramid Technoplast IPO

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 namePyramid Technoplast Limited
SectorFast-Moving Consumer Goods
Company Website

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 date18 August 2023
IPO Closing22 August 2023
Basis of Allotment25 August 2023
Initiation Refund28 August 2023
Credit to Demat Account29 August 2023
Listing Date30 August 2023

IPO details

Issue typeBook 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 size90 Shares
Retail Allocation50%
Listing ExchangeBSE & NSE

IPO Lot Size

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

Reservation Details

QIB Shares Offered30%
NII (HNI) Shares Offered20%
Retail Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income16.9926.1531.76
Margin (%)5.426.536.62
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio14.75 – 16.21
RONW (%)34.7934.7729.61
ROCE (%)21.1121.3821.37
EBITDA (%)10.2811.0310.75

Company Promoters

  • Bijaykumar Agarwal
  • Jaiprakash Agarwal
  • Pushpa Devi Agarwal
  • Madhu Agarwal
  • Yash Synthetics Private Limited
  • Credence Financial Consultancy LLP

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding74.94%

Lead Manager(s)

  • Pnb Investment Services Ltd
  • First Overseas Capital Limited

IPO Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200

Contact Details

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

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

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