Pyramid Technoplast IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Pyramid Technoplast IPO will open on August 18 and close on August 22, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 153.05 crore through this public offering, consisting of 92.20 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 151 to ₹ 166 per share.
Pyramid Technoplast Limited (“the Company”)
Pyramid Technoplast Limited was incorporated in 1997. The company 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.
They are one of India’s leading manufacturers of rigid Intermediate Bulk Containers (IBC), manufacturing 1,000-liter capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. Rigid IBCs are manufactured across a volume range between standard shipping drums and intermodal tank containers, hence the intermediate bulk container title.
They also manufacture MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals.
The company uses blow molding technology to manufacture Polymer Drums and IBCs. Injection molding technology is used for manufacturing caps, closures, bungs, lids, handles, lugs, etc. for in-house use. Its products are marketed and sold under its own brand name “Pyramid”.
The company started commercial production in 1998 in Unit I. Presently, they have six (6) strategically situated units, and the seventh unit is under construction. The total installed capacity of its Polymer Drum manufacturing units is 18,837 MTPA. The total installed capacity of its IBC manufacturing unit is 3,240 MTPA, and the total installed capacity of our MS Drums unit is 3,600 MTPA.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 10.24 per Equity Share |
| ROE | 29.61% |
| ROCE | 21.37% |
| P/E (x) | 16.21 |
| Return on Net Worth (RoNW) | 29.61% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company,
- funding the working capital requirements of the company, and
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 107.25 | 75.20 | 48.85 |
| Total Assets | 225.78 | 183.76 | 153.46 |
| Reserve & Surplus | 75.97 | 71.29 | 44.94 |
| Total Borrowings | 55.34 | 64.77 | 51.30 |
| Total Revenue | 482.03 | 402.64 | 316.18 |
| Profit After Tax | 31.76 | 26.15 | 16.99 |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 151 to ₹ 166 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 90 shares |
| Issue Size | 9,220,000 shares (aggregating up to ₹ 153.05 crores) |
| Fresh Issue | 5,500,000 shares (aggregating up to ₹ [.] crores) |
| Offer for Sale | 3,720,000 shares (aggregating up to ₹ [.] crores) |
| Listing At | BSE, NSE |
GMP: Pyramid Technoplast IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Pyramid Technoplast IPO
The issue opens for subscription on August 18, 2023, and closes for subscription on August 22, 2023 (both days inclusive). The basis of allotment will be finalised on August 25, 2023, and the refunds will be initiated on August 28, 2023. In addition, the demat credits are expected to happen on August 29, 2023, and the stock will be listed on the BSE and NSE on August 30, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 18, 2023, |
| Closing Date | August 22, 2023 |
| Basis of Allotment | August 25, 2023 |
| Initiation of Refunds | August 28, 2023 |
| A credit of shares to Demat A/c | August 29, 2023 |
| Listing Date | August 30, 2023 |
Lot Size
The lot size of the Pyramid Technoplast IPO is 90 shares. A retail-individual investor can apply for up to 13 lots, i.e. 1,170 shares of ₹ 194,220.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 90 | ₹ 14,940 |
| Retail (Maximum) | 13 | 1,170 | ₹ 194,220 |
| S-HNI (Minimum) | 14 | 1,260 | ₹ 209,160 |
| S-HNI (Maximum) | 66 | 5,940 | ₹ 986,040 |
| B-HNI (Minimum) | 67 | 6,030 | ₹ 1,000,980 |
Promoters Holdings
Bijaykumar Agarwal, Jaiprakash Agarwal, Pushpa Devi Agarwal, Madhu Agarwal, Yash Synthetics Private Limited, and Credence Financial Consultancy LLP are the promoters of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| 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 Phone: +91 22 4276 1547 Email: cs@pyramidtechnoplast.com Website: https://pyramidtechnoplast.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ |
| IPO Lead Manager(s) | PNB Investment Services Ltd First Overseas Capital Ltd |
FAQs
The Pyramid Technoplast IPO price is ₹ 151 to ₹ 166 per share.
The minimum investment size is one lot for retail investors. One lot of the Pyramid Technoplast IPO contains 90 shares of ₹ 14,940.
The finalisation of the basis of allotment for the Pyramid Technoplast IPO will be done on August 25, 2023, and the allotted shares will be credited to your demat account by August 29, 2023. Check the Pyramid Technoplast IPO allotment status.
The Pyramid Technoplast IPO shares listing date is August 30, 2023.
