Pyramid Technoplast Limited IPO Detail
Incorporated in 1997, Pyramid Technoplast Limited manufactures polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements.
The company manufactures polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC), as well as MS Drums for packaging used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals.
Pyramid Technoplast started its commercial production in 1998 and now has over 6 manufacturing units out of which four are situated in Bharuch, GIDC, Gujarat, and two are situated at Silvassa, UT of Dadra and Nagar Haveli. The total installed capacity of their Polymer Drum manufacturing units is 20,612 MTPA, the total installed capacity of the IBC manufacturing unit is 12,820 MTPA and the 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.
The company has obtained UN certification outlined by United Nations Recommendation for IBC and MS Drums to meet safety levels. The manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health, and safety management systems for the manufacture of Polymer Drums, carboys, jerry cans, IBC & MS Drums and accessories, and their MS Drums meet the quality standards as per IS 1783:2014 (Part 1 and 2) laid down by Bureau of Indian Standards.
Company Promoters
IPO Details
| IPO Opening Date | Aug 18, 2023 |
| IPO Closing Date | Aug 22, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹151 - 166 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹153.05 Cr |
| Fresh Issue | 5,500,000 shares |
| Offer for Sale | 3,720,000 shares |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 2 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 3 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 4 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 5 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 6 | 1.27x | - | - | 1.06x | 1.93x | 1.62x |
| Day 7 | 1.49x | - | - | 6.73x | 6.53x | 5.84x |
| Day 8 | 9.94x | - | - | 32.24x | 14.72x | 18.29x |
IPO Tentative Timetable
The Pyramid Technoplast Limited IPO open date is Aug 18, 2023, and the close date is Aug 22, 2023. The issue may list on Aug 30, 2023.
| IPO Open Date | Aug 18, 2023 |
| IPO Close Date | Aug 22, 2023 |
| Basis of Allotment Date | Aug 25, 2023 |
| Initiation of Refunds | Aug 28, 2023 |
| Credit of Shares to Demat Account | Aug 29, 2023 |
| IPO Listing Date | Aug 30, 2023 |
IPO Lot Size
The Pyramid Technoplast Limited IPO market lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1170 shares or ₹194220).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹14940 |
| Maximum | 13 | 1170 | ₹194220 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 153.46 | 316.18 | 16.99 |
| 31-Mar-22 | 183.76 | 402.64 | 26.15 |
| 31-Mar-23 | 225.78 | 482.03 | 31.76 |
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.
Pyramid Technoplast Limited IPO Registrar:
Bigshare Services Pvt Ltd
Pyramid Technoplast Limited IPO Lead Manager(s):
Pnb Investment Services Ltd First Overseas Capital Limited
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
