09-Aug-2023
2 mins read
Pyramid Technoplast got the final approval from the board of directors to file its Initial Public Offering. The company is planning to raise Rs 153.05 Crores with a book-built issue. The price band for IPO is kept at Rs 151 to Rs 166 per share. The company reported revenue of Rs 403 crores in 2022 against revenues of Rs 316 crores in 202. The IPO will open for subscription from August 18 and conclude on August 22. This month will be another issue after SBFC Finance, Concord Biotech and TVS Supply Chain Solutions. The company plans to release 92.2 lakh equity shares to the public, including 55 lakh new shares to be issued by the company itself and 37.2 lakh shares available for sale by the promoter, Credence Financial Consultancy LLP.
Pyramid Technoplast Company Profile
Established in 1997, Pyramid Technoplast Limited specialises in crafting moulded polymer products, particularly Polymer Drums, that find significant utility in the packaging needs of chemical, agrochemical, speciality chemical, and pharmaceutical enterprises.
The company focuses on manufacturing 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. Their IBCs have a capacity of 1,000 litres and are designed to handle, transport, and store liquids, semi-solids, pastes, or solids in industrial settings.
Pyramid Technoplast has six manufacturing units, four in the Bharuch GIDC region of Gujarat and two in Silvassa, Union Territory of Dadra and Nagar Haveli. Their Polymer Drum manufacturing facilities collectively boast a total installed capacity of 20,612 metric tonnes per annum (MTPA). Additionally, their IBC manufacturing unit holds a total installed capacity of 12,820 MTPA, while the MS Drums unit has a power of 6,200 MTPA.
Financials of Pyramid Technoplast (In Rs Crore)
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| 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 | 75.2 | 107.25 |
| Reserves and Surplus | 44.94 | 71.29 | 75.97 |
| Total Borrowing | 51.3 | 64.77 | 55.34 |
Important Dates for Pyramid Technoplast IPO
| IPO Date | Aug 18, 2023, to Aug 22, 2023 |
| Listing Date | 30-Aug-23 |
| Face Value | Rs 10 per share |
| Price | Rs 151 to Rs 166 per share |
| Lot Size | 90 Shares |
| Total Issue Size | Rs 153 Crores |
| Fresh Issue | 5,500,000 shares |
| Offer for Sale | 3,720,000 shares of Rs 10 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Objectives of the Pyramid Technoplast IPO
The company plans to allocate the net proceeds from the issue to support the following objectives:
- Clearing either partially or completely certain existing borrowings obtained by the company.
- Catering to the company’s working capital needs.
- Fulfilling general corporate requirements.
Promoters of Pyramid Technoplast IPO
The company’s promoters are Bijaykumar Agarwal, Jaiprakash Agarwal, Yash Synthetics Private Limited, Credence Financial Consultancy LLP, Pushpa Devi Agarwal, and Madhu Agarwal.
Lead Managers of The Pyramid Technoplast IPO
The lead managers of the Pyramid Techniplast IPO are Pnb Investment Services Ltd and First Overseas Capital Limited.
How to Apply for The Pyramid Technoplast IPO?
Wait for the public issue to open for subscription, then click on this link to apply for The Pyramid Technoplast IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check the Allotment Status of The Pyramid Technoplast IPO?
The registrar for The Pyramid Technoplast IPO is Bigshare Services Pvt Ltd. To check your allotment status, please click on this link https://ipo.bigshareonline.com/ipo_status.html.
FAQs
- What is the IPO date for Pyramid Technoplast?
The Pyramid Technoplast IPO is scheduled to open for subscription on August 18, 2023, and will conclude on August 22, 2023.
- When will the shares of Pyramid Technoplast be listed on the stock exchange?
The listing date for Pyramid Technoplast shares is August 30, 2023.
- What is the face value of Pyramid Technoplast shares?
The face value of each Pyramid Technoplast share is Rs 10.
- What is the price range of the IPO shares?
The price band for Pyramid Technoplast IPO shares is set at Rs 151 to Rs 166 per share.
- What is the minimum lot size for applying for the Pyramid Technoplast IPO?
The minimum lot size for the Pyramid Technoplast IPO is 90 shares.
- What is the total issue size for the Pyramid Technoplast IPO?
The total issue size for the Pyramid Technoplast IPO is Rs 153 crores.
- How many shares are being offered in the fresh issue category?
Pyramid Technoplast plans to issue 5,500,000 new shares as part of the fresh issue.
- How many shares are being offered for sale by the promoter in the IPO?
The promoter, Credence Financial Consultancy LLP, intends to offer 3,720,000 shares for sale in the IPO.
- Where will the Pyramid Technoplast shares be listed?
The shares of Pyramid Technoplast will be listed on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).