Pyramid Technoplast Ltd IPO
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Pyramid Technoplast Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 92.2 L | ₹ 37.2 L | ₹ 46.1 L | ₹ 300.05 L | BSE | ₹ 153.05 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 18 Aug, 23 | 22 Aug, 23 | 90 | ₹ 13,590 | Book Building | 29 Aug, 23 |
Pyramid Technoplast Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Packaging |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2766000 | 0 |
| NII | 0x | 1844000 | 0 |
| Retail | 0x | 4610000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 9220000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Pyramid Technoplast Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 46.45 | 47.74 | 39.58 |
| EBITDA | 52.80 | 52.67 | 44.00 |
| PAT | 29.34 | 31.76 | 26.15 |
| Total Assets | 176.10 | 151.57 | 128.02 |
| Share Capital | 36.78 | 31.28 | 3.91 |
| Total Borrowings | 31.49 | 78.66 | 76.74 |
| Operating Activities (Net Cash) | 35.69 | 36.69 | 30.57 |
| Investing Activities (Net Cash) | -5.00 | -7.26 | -2.45 |
| Financing Activities (Net Cash) | 31.49 | 78.66 | 76.74 |
| Net Cashflow | 6.48 | 5.79 | 3.50 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Pyramid Technoplast Ltd
The Company was originally incorporated as `Pyramid Technoplast Private Limited' a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated December 30, 1997, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Subsequently, the name of the Company was changed to `Pyramid Technoplast Limited' upon conversion into public company, pursuant to shareholder's resolution dated February 10, 2023. and a fresh certificate of incorporation consequent to conversion was issued on March 29, 2023 by the Registrar of Companies, Mumbai.
The growth of polymer drums & HM-HDPE in India is owing to the rising demand for food & beverage products & ingredients, industrial packaging, chemical industry, pharmaceutical and others. With a median age of 28 years old, the Indian population is significantly younger than that of several other Asian nations. With 34.5% of the population residing in urban areas, the urban population is growing. The middle class in India, which makes up 5% of the population in 2020, is predicted to steadily expand to represent 40% of all consumption in India by 2025.
Pyramid Technoplast Limited is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC. It also manufactures MS drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and speciality chemicals.
Peer Comparison:
- Time Technoplast Ltd
- TPL Plastech Ltd
- Mold-Tek Packaging Ltd
Pyramid Technoplast Ltd IPO Key Points
Strengths
- Diverse customer base.
- Comprehensive product portfolio.
- Strategic location of its manufacturing units.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoters and senior management team.
Risk
- Substantial portion of its revenues come from the manufacturing of polymer based molded industrial packaging products like IBC and Polymer Drums.
- Any change in government policies or quality norms by its customers for molded industrial packaging, which the company may not be able to adhere to, may affect its business growth, operations and financials.
- The company customers expect it to maintain high quality standards and any failure by the company to comply with such quality standards may have an adverse effect on demand from end customers and on its reputation, business, results of operations and financial condition.
Strategy
- Continued focus on Intermediate Bulk Containers (IBC) by expanding its existing facilities.
- Continued focus on Polymer Drums and Mild Steel (MS) drums.
- Explore organic growth opportunities to increase capacity and business.
- Exploit industry opportunities arising out of the current geo-political situation and government policies.
- Diverse customer base.
- Comprehensive product portfolio.
- Strategic location of its manufacturing units.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoters and senior management team.
How To Apply for Pyramid Technoplast Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
