Pyramid Technoplast Limited IPO (Pyramid Technoplast 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.

Pyramid Technoplast 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

QIB Shares Offered	Not more than 30.00% of the Net offer
NII (HNI) Shares Offered	Not less than 20.00% of the Offer
Retail Shares Offered	Not less than 50.00% of the Offer

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

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%