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Pyramid Technoplast Limited IPO Detail

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 DateAug 18, 2023
IPO Closing DateAug 22, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹151 - 166 per equity share
Market Lot90 Shares
Min Order Quantity90 Shares
Listing AtBSE, NSE
Issue Size₹153.05 Cr
Fresh Issue5,500,000 shares
Offer for Sale3,720,000 shares
Retail Portion 50%

IPO Subscription (Bidding Detail)

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 DateAug 18, 2023
IPO Close DateAug 22, 2023
Basis of Allotment DateAug 25, 2023
Initiation of RefundsAug 28, 2023
Credit of Shares to Demat AccountAug 29, 2023
IPO Listing DateAug 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100.00%
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:

  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.

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