Listing Details
- Listing Exchange BSE, NSE
- Listing Date 29-Aug-23
- IPO Price Range ₹151
- Listing Price ₹185
- Listing Change 11.4 %
- Last Traded Price ₹151.35
- Current Change -8.8 %
Pyramid Technoplast IPO Details
- Open Date 18-Aug-23
- Close Date 22-Aug-23
- Lot Size 90
- IPO Size ₹ 153.05 Cr
- IPO Price Range ₹ 151 to ₹ 166
- Min Investment ₹ 13590
- Listing Exchange BSE, NSE
- Basis of Allotment 25-Aug-23
- Refunds 28-Aug-23
- Credit to Demat Account 29-Aug-23
- Listing Date 30-Aug-23
Pyramid Technoplast IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Aug-23 | 1.27 | 1.07 | 1.95 | 1.63 |
| 21-Aug-23 | 1.49 | 6.74 | 6.59 | 5.88 |
| 22-Aug-23 | 9.94 | 32.24 | 14.72 | 18.29 |
Pyramid Technoplast IPO Synopsis
Pyramid Technoplast Limited IPO is all set to open from 18th August to 22nd August 2023. Pyramid Technoplast produces moulded items made from polymers (Polymer Drums). The IPO includes a fresh issue of ₹55,00,000 equity shares and an Offer-for-Sale (OFS) of 37,20,000 equity shares. The issue size is ₹153.05 cr. The share allotment date is 25th August, and the IPO will be listed on 30th August on the stock exchanges. The price band is ₹151 to ₹166 per share and the lot size is 90 shares.
PNB Investment Services Limited and First Overseas Capital Limited are the book-running lead managers for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Pyramid Technoplast IPO:
Pyramid Technoplast Limited plans to utilize the raised capital from IPO to:
● The prepayment or repayment of either a full amount or a part of outstanding debt
● Fund working capital requirements
● Fund general corporate purposes
About Pyramid Technoplast
Established in 1997, Pyramid Technoplast Limited is an industrial packaging firm, specializing in the production of polymer-based moulded products known as Polymer Drums. These drums are widely used in packaging for chemical, agrochemical, specialty chemical, and pharmaceutical companies. Pyramid Technoplast holds a prominent position as a top manufacturer of rigid Intermediate Bulk Containers (IBC) in India, specifically producing IBCs with a capacity of 1,000 litres.
With a strategic presence, the company has 6 manufacturing units strategically situated – four within the Bharuch GIDC region and two located in Silvassa. The company is in the process of establishing a 7th manufacturing unit adjacent to the existing 6 at Bharuch GIDC.
In terms of production capacity, the combined Polymer Drum manufacturing units have a total installed capacity of 18,837 MTPA, the IBC manufacturing unit has a capacity of 3,240 MTPA, and the MS Drums unit has a capacity of 3,600 MTPA.
Peer Comparison
● Time Technoplast Limited
● TPL Plastech Limited
● Mold-Tek Packaging Limited
For More Information:
Webstory on Pyramid Technoplast IPO
Pyramid Technoplast IPO GMP
Pyramid Technoplast Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 480.02 | 400.41 | 313.50 |
| EBITDA | 439.17 | 367.48 | 293.29 |
| PAT | 31.76 | 26.14 | 16.99 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 225.78 | 183.75 | 153.45 |
| Share Capital | - | - | - |
| Total Borrowings | 118.53 | 108.55 | 104.61 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 38.95 | -6.04 | 8.38 |
| Net cash from / (used in) investing activities | -23.92 | -4.27 | -6.73 |
| Net cash flow from / (used in) financing activities | -12.73 | 9.23 | 0.50 |
| Net increase (decrease) in cash and cash equivalents | 2.30 | -1.09 | 2.16 |
Pyramid Technoplast IPO Key Points
-
Strengths
1. The company has 6 strategically located manufacturing units in Gujarat.
2. Well-positioned in the industry with a diverse customer base.
3. The company units are SO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified.
4. It has a comprehensive product portfolio. -
Risks
1. Higher working capital requirements.
2. No long-term contracts with customers or suppliers.
3. Negative cash flow in the past which can repeat.
4. Any ban by the government on polymer-based packaging can impact its operations.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Pyramid Technoplast IPO FAQs
What is the minimum lot size and investment required for the Pyramid Technoplast IPO?
The minimum lot size of Pyramid Technoplast IPO is 90 shares and the investment required is ₹13,590.
What is the price band of the Pyramid Technoplast IPO?
The price band of Pyramid Technoplast IPO ₹151 to ₹166.
When does the Pyramid Technoplast IPO issue open and close?
Pyramid Technoplast IPO opens on 18th August and closed on 22nd August 2023.
What is the size of the Pyramid Technoplast IPO issue?
The total size of Pyramid Technoplast IPO is ₹153.05 cr.
What is the allotment date of the Pyramid Technoplast IPO?
The share allotment date of Pyramid Technoplast IPO is the 25th of August.
What is the Pyramid Technoplast IPO listing date?
The Pyramid Technoplast IPO will be listed on the 30th of August.
Who are the book runners for the Pyramid Technoplast IPO?
PNB Investment Services Limited and First Overseas Capital Limited are the book-running lead managers for Pyramid Technoplast IPO
What is the objective of Pyramid Technoplast IPO?
Pyramid Technoplast Limited plans to utilize the raised capital from IPO to:
1. The prepayment or repayment of either a full amount or a part of outstanding debt
2. Fund working capital requirements
3. Fund general corporate purposes
How to apply for the Pyramid Technoplast IPO?
To apply for Pyramid Technoplast IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Pyramid Technoplast Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Pyramid Technoplast IPO
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/
Pyramid Technoplast IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Pyramid Technoplast IPO Lead Manager
Pnb Investment Services Ltd
First Overseas Capital Limited