Established in 1997, Pyramid Technoplast Limited specializes in the manufacturing of polymer-based molded products, particularly polymer drums, catering to the packaging needs of chemical, agrochemical, specialty chemical, and pharmaceutical industries.
The company’s primary focus lies in the production of polymer-based bulk packaging drums, Intermediate Bulk Containers (IBC), and MS Drums. These products serve as essential packaging solutions for the transportation and storage of chemicals, agrochemicals, and specialty chemicals.
Pyramid Technoplast commenced its commercial operations in 1998 and has since expanded its manufacturing capabilities. Currently, the company operates across six manufacturing units, with four strategically located in Bharuch, GIDC, Gujarat, and two in Silvassa, UT of Dadra and Nagar Haveli. These units collectively possess an installed capacity of 20,612 MTPA for Polymer Drum manufacturing, 12,820 MTPA for IBC manufacturing, and 6,200 MTPA for MS Drums. Additionally, the construction of a seventh manufacturing unit, situated in Bharuch, GIDC, Gujarat, is underway.
The company places significant emphasis on quality and safety standards. Pyramid Technoplast has secured UN certification in accordance with the United Nations Recommendation for IBC and MS Drums, ensuring adherence to stringent safety measures. Moreover, its manufacturing units have received ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting the company’s commitment to quality, environmental stewardship, and occupational health and safety. The manufactured MS Drums conform to the quality benchmarks outlined by IS 1783:2014 (Part 1 and 2) set forth by the Bureau of Indian Standards.
Pyramid Technoplast’s dedication to excellence, safety, and quality underscores its status as a reliable provider of polymer-based packaging solutions for a range of industries.
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.
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹151 to ₹166 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 9,220,000 shares (aggregating up to ₹153.05 Cr) |
| Fresh Issue | 5,500,000 shares (aggregating up to ₹91.30 Cr) |
| Offer for Sale | 3,720,000 shares of ₹10 (aggregating up to ₹61.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,284,800 |
| Share holding post issue | 36,784,800 |
Pyramid Technoplast IPO Reservation #
Pyramid Technoplast IPO a total of 9,220,000 shares are offered. QIB: 1,106,400 (12.00%), RII: 4,610,000 (50.00%), NII: 1,844,000 (20.00%).
| Anchor Investor Shares Offered | 1,659,600 (18.00%) |
| QIB Shares Offered | 1,106,400 (12.00%) |
| NII (HNI) Shares Offered | 1,844,000 (20.00%) |
| Retail Shares Offered | 4,610,000 (50.00%) |
| Total Shares Offered | 9,220,000 (100%) |
Anchor Investors Details #
IPO raises Rs 27.55 crore from anchor investors. Pyramid Technoplast IPO Anchor bid date is Aug 17, 2023. Pyramid Technoplast IPO Anchor Investors list
| Bid Date | Aug 17, 2023 |
| Shares Offered | 1,659,600 |
| Anchor Portion Size (In Cr.) | 27.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Oct 10, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Jan 8, 2024 |
Pyramid Technoplast IPO Timetable (Tentative) #
Pyramid Technoplast IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 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.
| 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 |
| 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 Holding | 100.00% |
| Post Issue Share Holding | 74.94% |
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 153.46 | 183.76 | 225.78 |
| Revenue | 316.18 | 402.64 | 482.03 |
| Profit After Tax | 16.99 | 26.15 | 31.76 |
| Net Worth | 48.85 | 75.20 | 107.25 |
| Reserves and Surplus | 44.94 | 71.29 | 75.97 |
| Total Borrowing | 51.30 | 64.77 | 55.34 |
Key Performance Indicator #
Pyramid Technoplast IPO Market Cap is Rs 611 Cr and P/E (x) is 16.21.
| KPI | Values |
|---|---|
| P/E (x) | 16.21 |
| Market Cap (₹ Cr.) | 611 |
| ROE | 29.61% |
| ROCE | 21.37% |
| EPS (Rs) | 10.24 |
| RoNW | 29.61% |
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 IPO Subscription Status (Bidding Detail) #
The Pyramid Technoplast IPO is subscribed 10.00 times on Aug 22, 2023 12:28:00 PM. The public issue subscribed 9.91 times in the retail category, 1.60 times in the QIB category, and 15.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.60 | 11,06,400 | 17,68,410 |
| NII | 15.27 | 18,44,000 | 2,81,50,110 |
| bNII (bids above ₹10L) | 15.22 | 12,29,333 | 1,87,10,460 |
| sNII (bids below ₹10L) | 15.36 | 6,14,667 | 94,39,650 |
| Retail | 9.91 | 46,10,000 | 4,57,07,220 |
| Total | 10.00 | 75,60,400 | 7,56,25,740 |
Pyramid Technoplast IPO Prospectus #
- › Pyramid Technoplast IPO DRHP
- › Pyramid Technoplast IPO RHP
- › Anchor Investors in Pyramid Technoplast IPO
Company Contact Information #
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
Email: cs@pyramidtechnoplast.com
Website: https://pyramidtechnoplast.com/
Pyramid Technoplast IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Pyramid Technoplast IPO Lead Manager(s) #
- Pnb Investment Services Ltd (Past IPO Performance)
- First Overseas Capital Limited (Past IPO Performance)
FAQs #
What is the price range for Pyramid Technoplast IPO shares? #
The price range for Pyramid Technoplast IPO shares is ₹151 to ₹166 per share.
When is the Pyramid Technoplast IPO scheduled to take place? #
The Pyramid Technoplast IPO was open for subscription from August 18, 2023, to August 22, 2023.
How many equity shares are offered in the Pyramid Technoplast IPO? #
The Pyramid Technoplast IPO offers a total of 9,220,000 equity shares to the public.
Where will Pyramid Technoplast IPO shares be listed? #
Pyramid Technoplast IPO shares will be listed on both BSE and NSE.
How many shares are offered to retail investors in the Pyramid Technoplast IPO? #
Retail investors will receive 4,610,000 shares out of the total issuance.
How long does the IPO share allotment process take? #
The IPO share allotment process takes 6 working days from the issue closing date.
What types of products does Pyramid Technoplast manufacture and market? #
Pyramid Technoplast is well-known for producing and distributing polymer-based molded industrial packaging products.
Can I apply for Pyramid Technoplast IPO after the subscription period ends? #
No, you cannot apply for Pyramid Technoplast IPO after the subscription period ends.
Please keep in mind that for more accurate and up-to-date information, please consult official sources and sites.
