Pyramid Technoplast Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Pyramid Technoplast Ltd IPO

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.

Pyramid Technoplast Ltd IPO Details

Total Shares Offered

₹ 92,20,000

Offer to Public

37,20,000

Retail Max (Shares)

₹ 46,10,000

Pre Issue Promoters Holding

₹ 3,00,04,720

Exchange

BSE

Issue size

₹ 153.05 Cr

IPO Open Date

Aug 18, 2023

Close Date

Aug 22, 2023

Lot Size

Min Investment

₹ 13,590

Issue Type

Book Building

Listing Date

Aug 29, 2023

Pyramid Technoplast Ltd IPO Dates

Aug 18, 2023

Opening date

Aug 22, 2023

Closing date

Aug 25, 2023

Basis of Allotment

Aug 28, 2023

Initiation of Refunds

Aug 29, 2023

Credit of Shares

Aug 29, 2023

Listing date

Details

Sector	Type
Sector	Packaging
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2766000
NII	0x	1844000
Retail	0x	4610000
Employee	0x	0
Total	0x	9220000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2766000

1844000

4610000

9220000

Pyramid Technoplast Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	44.08	46.45	47.74
EBITDA	52.03	52.80	52.67
PAT	26.67	29.34	31.76
Total Assets	190.32	176.10	151.57
Share Capital	36.78	36.78	31.28
Total Borrowings	62.72	31.49	78.66
Operating Activities (Net Cash)	34.62	35.69	36.69
Investing Activities (Net Cash)	-44.94	-5.00	-7.26
Financing Activities (Net Cash)	62.72	31.49	78.66
Net Cashflow	5.74	6.48	5.79

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.

Peer Comparison:

Time Technoplast Ltd
TPL Plastech Ltd
Mold-Tek Packaging Ltd

Pyramid Technoplast Ltd 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.

How To Apply for Pyramid Technoplast Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Pyramid Technoplast Ltd IPO?

Pyramid Technoplast Ltd's IPO offers shares for up to 83.05 It begins on Aug 18, 2023 and ends on Aug 22, 2023.

What is the price of the Pyramid Technoplast Ltd IPO?

The price of Pyramid Technoplast Ltd IPO ranges between ₹151 to ₹166 per share.

What are the open and close dates for the Pyramid Technoplast Ltd IPO?

The Pyramid Technoplast Ltd IPO opens on Aug 18, 2023 and closes on Aug 22, 2023.

When will the Pyramid Technoplast Ltd IPO be allotted?

The allotment for the Pyramid Technoplast Ltd IPO will be finalised on Aug 25, 2023. The shares will be listed on BSE and NSE on Aug 29, 2023.

What is the minimum lot size required for Pyramid Technoplast Ltd IPO?

The minimum lot size for Pyramid Technoplast Ltd IPO is 90 shares, priced between ₹151 to ₹166 per share.

What is the GMP of Pyramid Technoplast Ltd IPO?

The GMP (Grey Market Premium) of Pyramid Technoplast Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Pyramid Technoplast Ltd IPO?

To check the allotment status of Pyramid Technoplast Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Pyramid Technoplast Ltd IPO getting listed?

The Pyramid Technoplast Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 18, 2023, and closes on Aug 22, 2023. The allotment is finalised on Aug 25, 2023.

How do you apply for the Pyramid Technoplast Ltd IPO?

To apply for the Pyramid Technoplast Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.