Pyramid Technoplast Limited is 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.
The company is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC . IBCs is industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids.
The company use 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. Pyramid Technoplast products are marketed and sold under our brand name “Pyramid”.
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’s manufacturing units is 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 connected thereto.
Pyramid Technoplast IPO – Details
| IPO Opening Date | 18 August 2023 |
| IPO Closing Date | 22 August 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 92,20,000 Shares Worth ₹153.05 Crore Fresh Issue: 55,00,000 Shares Worth ₹91.3 Crore Offer For Sale: 37,20,000 Shares Worth ₹61.75 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹151 – ₹166 |
| Market Lot | 90 Shares |
| Min Order | 90 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Bigshare Services Private Limited |
| QIB Shares Offered | 30% |
| NII (HNI) Shares Offered | 20% |
| Retail Shares Offered | 50% |
Pyramid Technoplast IPO – Date Schedule
| IPO Open Date | 18 August 2023 |
| IPO Close Date | 22 August 2023 |
| Basis of Allotment Date | 24 August 2023 |
| Initiation of Refunds | 28 August 2023 |
| Credit of Shares to Demat Account | 29 August 2023 |
| IPO Listing Date | 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 22 August , 2023 |
Pyramid Technoplast IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | 14,940 |
| Retail (Max) | 13 | 1170 | 1,94,220 |
| S-HNI (Min) | 14 | 1260 | 2,09,160 |
| S-HNI (Max) | 66 | 5940 | 9,86,040 |
| B-HNI (Min) | 67 | 6030 | 10,00,980 |
Competitive Strengths
- Diverse customer base.
- Comprehensive product portfolio.
- Strategic location of company’s manufacturing units.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoters and senior management team.
Company Promoters
- Bijaykumar Agarwal
- Jaiprakash Agarwal
- Yash Synthetics Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 260.14 | 252.24 | 5.55 | 46.43 |
| 31 March 2021 | 316.17 | 293.29 | 16.99 | 51.29 |
| 31 March 2022 | 402.64 | 367.48 | 26.14 | 64.76 |
| 31 March 2023 | 482.03 | 439.17 | 31.76 | 55.34 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E | 16.21 |
| Market Cap (₹ Cr.) | 611 |
| ROE | 29.61 |
| ROCE | 21.37 |
| EPS (Rs) | 10.24 |
| RoNW | 29.61 |
Object Of The Issue
- Repayment and/or pre-payment or repayment, in full or part, of certain outstanding borrowings availed by the Company.
- Funding working capital requirements of the Company.
- General corporate purposes.
Pyramid Technoplast IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Time Technoplast Limited | 14.4 |
| 2 | 10 | TPL Plastech Limited | 20.8 |
| 3 | 5 | Mold-Tek Packaging Limited | 42.00 |
Pyramid Technoplast IPO Strengths
- Pyramid Technoplast Limited caters to the bulk packaging requirements of its clients from diverse industries like chemicals, agrochemicals, pharmaceuticals, lubricants and edible oil by supplying them with Polymer Drums, IBC and MS drums. Over the years it has established relationships with various clients across these industries and continues to serve them with its product offerings.
- Pyramid Technoplast Limited has successfully obtained UN certification for its IBCs and MS drums, guaranteeing that its products adhere to the stringent safety standards required for the transportation of hazardous materials.
Pyramid Technoplast IPO Risks
- Certain contingent liabilities that may potentially pose risks to the financial condition of the company are not fully reflected in its financial statements.
- In the past, the company has encountered negative cash flows, and there is a possibility that such circumstances may persist in the future, which could have an adverse impact on the business.
Pyramid Technoplast IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.94% |
Pyramid Technoplast IPO Prospectus
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, Maharashtra, India Phone: +91 22 4276 1547 Email: cs@pyramidtechnoplast.com Website: www.pyramidtechnoplast.com |
Pyramid Technoplast IPO Registrar
| 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(s)
| 1. PNB Investment Services Limited 2. First Overseas Capital Limited |
Pyramid Technoplast IPO FAQs
| What is Pyramid Technoplast IPO? Pyramid Technoplast IPO is a main-board IPO. The issue is priced at ₹151 to ₹166 per equity share. The IPO is to be listed on BSE & NSE. |
| When Pyramid Technoplast IPO will open? The IPO is to open on 18 August 2023 for QIB, NII, and Retail Investors. |
| What is Pyramid Technoplast IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Pyramid Technoplast IPO? You can apply Pyramid Technoplast IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Pyramid Technoplast IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Pyramid Technoplast”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Pyramid Technoplast IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Pyramid Technoplast”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Pyramid Technoplast IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Pyramid Technoplast”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Pyramid Technoplast IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Pyramid Technoplast”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Pyramid Technoplast IPO Size? Pyramid Technoplast IPO size is ₹153.05 Cr. |
| What is Pyramid Technoplast IPO Price Band? Pyramid Technoplast IPO Price Band is ₹151 to ₹166. |
| What is Pyramid Technoplast IPO Minimum and Maximum Lot Size? The minimum bid is 90 Shares with ₹14,940 amount while the maximum bid is 1170 shares with ₹1,94,220. |
| What is the Pyramid Technoplast IPO Allotment Date? Pyramid Technoplast IPO allotment date is 24 August 2023. |
| What is the Pyramid Technoplast IPO Listing Date? Pyramid Technoplast IPO listing date is 30 August 2023. The IPO is to list on BSE and NSE. |
