IPO Details
Bidding Dates
17 Aug '23 - 21 Aug '23
Minimum Investment
₹14,940 / 1 Lots (90 Shares)
Price Range
₹151 - ₹166
Maximum Investment
₹194,220 / 13 Lots (1170 Shares)
Retail Discount
Not Applicable
Issue Size
₹153.05 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Pyramid Technoplast IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Aug 17, 2023
IPO Closing Date
Aug 21, 2023
Basis of Allotment
Aug 24, 2023
Initiation of Refunds
Aug 27, 2023
Credit of Shares to Demat Account
Aug 28, 2023
IPO Listing Date
Aug 29, 2023
UPI Mandatory Expiry Date
Aug 21, 2023
Pyramid Technoplast IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Aug 17, 2023 |
1.27 | 1.07 | 1.95 | 1.63 |
Day 2Aug 20, 2023 |
1.49 | 6.74 | 6.59 | 5.88 |
Day 3Aug 21, 2023 |
1.54 | 11.23 | 9.10 | 8.52 |
Pyramid Technoplast IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 1.54 |
| Non-Institutional Buyers | 11.23 |
| Retail Investors | 9.10 |
| Total | 8.52 |
About Pyramid Technoplast Ltd
Pyramid Technoplast Limited is an industrial packaging company based in India. They specialise in the manufacturing of polymer-based moulded products, particularly polymer drums, which are widely used by various industries such as chemical, agrochemical, speciality chemical, and pharmaceutical companies for their packaging needs.
In addition to polymer drums, Pyramid Technoplast is also recognised as one of India's leading manufacturers of rigid Intermediate Bulk Containers (IBCs). 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.
The company's promoters are Bijaykumar Agarwal, Jaiprakash Agarwal, and Yash Synthetics Private Limited.
Pyramid Technoplast Limited IPO Details
Pyramid Technoplast is a fresh issue and offer for sale IPO worth ₹153.05 crore. The issue comprises 92,20,000 shares and is priced at ₹151 to ₹166 per share. Retail investors can bid for the Pyramid Technoplast Limited IPO, which will open on August 18, 2023. Pyramid Technoplast Limited’s IPO will list on NSE and BSE exchanges on August 30, 2023.
Pyramid Technoplast Limited IPO Objective
The objectives of Pyramid Technoplast Limited's IPO are listed below:
- Repayment and/or prepayment, in full or part, of certain outstanding borrowings availed by the company.
- Funding the working capital requirements of the company.
- General corporate purposes.
Highlights of Pyramid Technoplast Ltd
- 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.
- During FY 2023, 2022 and 2021, the company’s top 5 customers represented ₹9,085.70 lakhs, ₹9,954.77 lakhs and ₹7,638.75 lakhs, respectively, representing 18.92%, 24.88%, and 24.38%, respectively, of their revenues from operations.
Competitive Peers
Time Technoplast Limited, TPL Plastech Limited, and Mold-Tek Packaging Limited are the peer companies listed in India engaged in the same business line. Considering the nature, range of products/services, turnover and size of the company's business, the peers are not strictly comparable.
Pyramid Technoplast Company Financials
| Particulars | Period ending on March 31, 2023 (₹ in lakh) | Period ending on March 31, 2022 (₹ in lakh) | Period ending on March 31, 2021 (₹ in lakh) |
|---|---|---|---|
| Revenue from operations | 48,002.51 | 40,041.57 | 31,350.19 |
| Profit After Tax (PAT) | 3,176.07 | 2,635.75 | 1,691.04 |
| Net Worth | 10,725.02 | 7,520.35 | 4,884.60 |
| Earnings Per Share | 10.24 | 8.43 | 5.41 |
| Total Borrowings | 5,534.36 | 6,476.51 | 5,129.61 |
Know before investing
Strengths
2-
The company’s profit after tax increased by ~88% from ₹1,691.04 lakh on March 31, 2021, to ₹3,176.07 lakh on March 31, 2023.
-
The net worth of the company has been consistently increasing. It grew by ~2.196 times from ₹4,884.60 lakh on March 31, 2021, to ₹10,725.02 lakh on March 31, 2023.
Risks
2-
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.
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Pyramid Technoplast IPO FAQs
The Pyramid Technoplast Ltd IPO contains fresh issue and offer for sale worth ₹153.05 crore. The issue comprises 92,20,000 equity shares and is priced at ₹151 to ₹166 per share. The IPO will open on August 18, 2023.
The Basis of Allotment will happen on Friday, August 25, 2023.
The IPO subscription window will open on Friday, August 18, 2023.
Retail investors can apply for a minimum of one lot, which consists of 90 shares.
Pyramid Technoplast Ltd IPO will list on NSE and BSE exchanges on Wednesday, August 30, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Wednesday, August 30, 2023, for Pyramid Technoplast Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Pyramid Technoplast Limited IPO is yet to be announced.
