Pyramid Technoplast IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 22, 2023The Pyramid Technoplast IPO, set for August 18-22, 2023, offers a gateway into early company ownership.
With a total issue size of Rs 153.05 Crores and a price range of Rs 151 to Rs 166 per share, this Book Built Issue IPO is poised to attract attention. Key aspects like issue details, company background, and potential gains are highlighted.
As we delve into this overview, investors gain a clearer picture of the Pyramid Technoplast IPO’s prospects. This exploration aims to guide investment decisions, offering insights into whether this Pyramid Technoplast IPO aligns with individual strategies and risk profiles in an ever-changing market.
| Face Value | Rs 10 |
| Price Band | Rs 151 to Rs 166 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 90 Shares |
| Listing Date | 30 August 2023 |
| Offer for Sale | Rs 61.75 Crore |
| Fresh Issue | Rs 91.30 Crore |
| IPO Size | Rs 153.05 Crore |
| Tick Size | 1 |
Pyramid Technoplast IPO Overview
Pyramid Technoplast is set to launch its Book Built Issue Initial Public Offering (IPO) from August 18, 2023, to August 22, 2023. The IPO offers a total issue size of Rs 153.05 Crores, with a face value of Rs 10 per share.
The price range for the Pyramid Technoplast IPO is set at Rs 151 to Rs 166 per share.
The IPO comprises a total of 9,220,000 shares, including a Fresh Issue of 5,500,000 shares, aggregating up to Rs 91.30 Crores, and an Offer for Sale of 3,720,000 shares of Rs 10 each, aggregating up to Rs 61.75 Crores. The lot size for the IPO is 90 shares.
Upon listing, Pyramid Technoplast will be available for trading on both the BSE and NSE stock exchanges. The company’s shareholding pre-issue stands at 31,284,800 shares, and the post-issue shareholding is expected to be 36,784,800 shares.
Investors have an opportunity to participate in the Pyramid Technoplast IPO, with a chance to become part of the company’s growth story in the ever-evolving market.
Pyramid Technoplast IPO Important Dates
| Events | Date |
| IPO Opening Date | 18 August 2023 |
| IPO Closing Date | 22 August 2023 |
| Basis of Allotment Finalization | 25 August 2023 |
| Refunds Initiation | 28 August 2023 |
| Credit of Shares to Demat Account | 29 August 2023 |
| Share Listing Date | 30 August 2023 |
Pyramid Technoplast’s forthcoming Initial Public Offering (IPO) will adhere to a rough calendar of key events. The IPO is scheduled to begin on Friday, August 18, 2023, with potential investors able to subscribe to the offering.
On Tuesday, August 22, 2023, the subscription term will come to an end. The Basis of Allotment will be established and disclosed on Friday, August 25, 2023, following the close of the IPO.
On Monday, August 28, 2023, investors may expect the start of reimbursements for unallocated shares. Furthermore, the crediting of shares to investors’ Demat accounts is scheduled for Tuesday, August 29, 2023.
Pyramid Technoplast’s shares will be listed on the stock exchange on Wednesday, August 30, 2023, giving the public access to trade the company’s securities. It is vital to remember Pyramid Technoplast IPO dates as the deadline for UPI mandate confirmation is August 22, 2023, at 5 p.m.
Pyramid Technoplast IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs 151 to Rs 166 |
| Offer for Sale | Rs 61.75 Crore |
| Fresh Issue | Rs 91.30 Crore |
| IPO Size | Rs 153.05 Crore |
The Pyramid Technoplast Initial Public Offering (IPO) presents an opportunity for investors to participate in a Book Built Issue with a total issue size of Rs 153.05 Crores.
The Pyramid Technoplast IPO price range has been set at Rs 151 to Rs 166 per share. The IPO will be listed on both the BSE and NSE stock exchanges. The IPO comprises a total of 9,220,000 shares, featuring a mix of fresh issue and offer for sale.
The fresh issue involves 5,500,000 shares, amounting to Rs 91.30 Crores, while the offer for sale entails 3,720,000 shares valued at Rs 61.75 Crores. The face value of each share is Rs 10.
The minimum Pyramid Technoplast IPO size for participation in the Pyramid Technoplast IPO is 90 shares, requiring an investment of Rs 14,940. Retail investors have the flexibility to apply for a minimum of 1 lot (90 shares) and a maximum of 13 lots (1170 shares), amounting to Rs 194,220.
More on IPO Details
Similarly, Small and High Net Worth Individuals (S-HNIs) can apply for a minimum of 14 lots (1260 shares) up to a maximum of 66 lots (5940 shares), which translates to an investment range of Rs 209,160 to Rs 986,040.
The Big High Net Worth Individuals (B-HNIs) have an application range of 67 lots (6030 shares) amounting to Rs 1,000,980.
Pyramid Technoplast IPO offers reserved quotas for various categories of investors. Qualified Institutional Buyers (QIBs) are allocated up to 30% of the net offer, while Non-Institutional Investors (NIIs) are offered not less than 20% of the total offer.
The Retail category, aimed at individual investors, is allocated a minimum of 50% of the IPO offering. Following the issuance, the company’s pre-issue shareholding stands at 31,284,800 shares, while post-issue shareholding will be 36,784,800 shares.
Pyramid Technoplast IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
The Pyramid Technoplast Initial Public Offering (IPO) has garnered attention in the Grey Market, with the latest Grey Market Premium (GMP) today being reported at Rs 19 (+/-). This GMP reflects the premium at which the IPO shares are currently being traded in the unofficial market, indicating strong investor interest.
With the IPO price band set at Rs 166.00, an interesting calculation emerges. By adding the GMP to the upper price band, the estimated listing price for the Pyramid Technoplast IPO is projected to be Rs 185.
This potential listing price, which factors in the current Pyramid Technoplast IPO GMP, could provide investors with an expected gain of approximately 11.45% per share in terms of percentage.
This suggests a favourable outlook for the IPO’s debut on the stock exchanges, potentially rewarding early investors who have secured shares at the IPO price.
Pyramid Technoplast IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 18th Aug | 1.27x | 1.07x | 1.95x | 1.63x |
| 2nd Day – 21st Aug | 1.49x | 6.74x | 6.59x | 5.88x |
| 3rd Day – 22nd Aug | 9.94x | 32.24x | 14.72x | 18.29x |
| Shares Offered or Net Issue | 1,106,400 | 1,844,000 | 4,610,000 | 9,220,000 |
As of the current date, there is no official information available regarding the subscription status of the Pyramid Technoplast Initial Public Offering (IPO). The subscription status provides insights into the level of investor interest and demand for the IPO shares.
Investors eagerly await the release of the subscription status data, which typically becomes available during the IPO subscription period. Pyramid Technoplast IPO Subscription Status will shed light on the level of demand for the Pyramid Technoplast IPO and provide a glimpse into the market’s perception of the company’s prospects.
Investors need to keep a close watch on the subscription status updates as they become available, as it can influence their decision-making process when considering participation in the IPO.
Pyramid Technoplast IPO Allotment Status
According to the IPO timetable, the Pyramid Technoplast IPO allotment status will be revealed on August 25, 2023. Shares of the firm will be allotted to the various categories of investors who have subscribed to the IPO during the allotment procedure.
Investors who bought shares in the Pyramid Technoplast IPO are eagerly awaiting the allocation status, which informs them of the number of shares allotted to them.
Several factors influence allotment, including the number of shares applied for by investors in various categories and the overall number of shares available for allocation.
Pyramid Technoplast IPO Live Performance
As of now, there is no information available regarding the Pyramid Technoplast IPO Live Performance, as the IPO has not yet been launched. During this period, investors will have the opportunity to subscribe to the IPO by placing their bids at the specified price range.
The live performance of an IPO, including its subscription levels and investor response, becomes apparent only after the IPO subscription period concludes.
At that point, data related to the oversubscription, subscription by different investor categories, and overall demand for the IPO shares will be disclosed. This information provides insights into the market’s reception of the IPO and helps gauge investor interest.
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Latest Pyramid Technoplast IPO News
As of now, there are no recent news updates on the Pyramid Technoplast IPO. It’s vital to remember that IPO-related news and updates, such as subscription status, allocation information, and listing date, usually surface as the IPO process progresses.
Investors and persons interested in the Pyramid Technoplast IPO news are recommended to monitor trustworthy financial news sources and formal statements from relevant authorities for any developments or news connected to the IPO.
Pyramid Technoplast – Company Review
Pyramid Technoplast Limited, founded in 1997, has evolved as a key maker of molded polymer goods, primarily catering to the packaging needs of chemical, agrochemical, specialty chemical, and pharmaceutical firms.
The firm began commercial operations in 1998 and today has six production facilities. Four of these units are located in Gujarat’s Bharuch GIDC, while the other two are in Silvassa, Dadra, and Nagar Haveli’s UT.
The principal product of the firm is polymer drums, which are used for packaging and transporting chemicals and agrochemicals.
Pyramid Technoplast has a polymer drum manufacturing capacity of 20,612 MTPA, an IBC production capacity of 12,820 MTPA, and an MS drum production capacity of 6,200 MTPA.
In addition, the business sought UN certification, according to the safety criteria stipulated by the United Nations Recommendation for IBC and MS Drums. Pyramid Technoplast’s commitment to quality and safety continues with the development of a seventh production plant in Bharuch GIDC, Gujarat.
This strategic move underscores the company’s dedication to addressing changing packaging demands and strengthening its position as a reliable supplier of polymer-based molded goods to a variety of sectors.
Products or Services
Pyramid Technoplast Ltd. offers a wide array of packaging solutions across diverse business verticals. Specializing in Intermediate Bulk Containers (IBC), their containers ensure secure storage and efficient transportation.
The Pyramid HM-HDPE division manufactures robust plastic barrels using high-molecular-weight and high-density polyethylene (HM-HDPE) for various industries. Additionally, the company provides MS (mild steel) barrels for customizable storage solutions.
Pyramid Technoplast caters to sectors including food and beverage, pharmaceuticals, chemicals, automotive, construction, containers, labels, and wineries.
Their products adhere to national and international packaging standards and are listed in the Index of Industrial Production (IIP), reflecting their commitment to quality and value.
Promoters and Holding
Pyramid Technoplast Ltd.’s Promoters, including Bijaykumar Agarwal, Jaiprakash Agarwal, Yash Synthetics Private Limited, Credence Financial Consultancy LLP, Pushpa Devi Agarwal, and Madhu Devi Agarwal, collectively hold 95.91% of the pre-offer Equity Share capital.
Bijaykumar Agarwal is the Chairman & Managing Director, Jaiprakash Agarwal is the Whole-time Director & Chief Financial Officer, and Pushpa Devi Agarwal has significant experience and is a director of Anmol Monower Plastic Private Limited. Madhu Agarwal is the Whole-time Director.
Is Pyramid Technoplast Good for Investment?
Pyramid Technoplast epitomizes innovation, interweaving its core principles throughout its operations. Leveraging advanced blow molding technology, the company produces signature polymer drums, MS barrels, and IBC containers, engineered to efficiently manage liquids, semi-solids, pastes, or solids while prioritizing safety.
Committed to unparalleled quality, Pyramid Technoplast operates strategically located manufacturing units, ensuring timely delivery.
Their diversified portfolio encompasses IBC containers, HM-HDPE plastic barrels, and customizable MS barrels, serving industries like food, pharmaceuticals, chemicals, automotive, and more. Skilled engineers and scientists drive a rigorous testing program, enhancing products to meet evolving needs.
Pyramid Technoplast is a pioneering force in innovative packaging solutions, aligning expertise with commitment. From intricate polymer drums to versatile MS barrels, the company stands as a steadfast partner across industries, delivering tailored, dependable packaging solutions.
Embrace the future of packaging with Pyramid Technoplast’s visionary approach, where quality and innovation converge to redefine your packaging needs.
Pyramid Technoplast Financial Statements
| Amount (in INR & Lakhs) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Assets | 22,578.14 | 18,375.61 | 15,345.55 |
| Revenue | 48,202.74 | 40,264.15 | 31,617.63 |
| Expense | 43,917.76 | 36,748.37 | 29,329.75 |
| Profit After Tax | 3,176.07 | 2,614.61 | 1,699.24 |
The financial performance of Pyramid Technoplast reflects a steady growth trajectory over the years. From the restated financial information, it is evident that the company’s assets have consistently expanded, reaching Rs 225.78 Crore as of March 31, 2023, compared to Rs 153.46 Crore in 2021.
This growth is mirrored in the escalating revenues, which surged from Rs 316.18 Crore in 2021 to Rs 482.03 Crore in 2023, highlighting a robust upward trend.
Profitability has also been on the rise, with Profit After Tax increasing from Rs 16.99 Crore in 2021 to Rs 31.76 Crore in 2023. The company’s financial strength is further underscored by its burgeoning Net Worth, which escalated from Rs 48.85 Crore in 2021 to Rs 107.25 Crore in 2023.
This growth is reflected in the Reserves and Surplus, which expanded from Rs 44.94 Crore in 2021 to Rs 75.97 Crore in 2023.
Key Performance Indicators (KPIs) also portray a positive outlook. With a Market Cap of Rs 611 Crore, Pyramid Technoplast’s Price-to-Earnings (P/E) ratio stands at 16.21, reflecting investor confidence.
The Return on Equity (ROE) and Return on Capital Employed (ROCE) stand at 29.61% and 21.37% respectively, underlining the company’s efficient utilization of resources. Earnings Per Share (EPS) is reported at Rs 10.24, contributing to a robust Return on Net Worth (RoNW) of 29.61%.
In summation, Pyramid Technoplast’s financial performance showcases consistent growth, strong profitability, prudent financial management, and positive KPIs, indicating a promising and well-managed company in the market. This will create a better stage for Pyramid Technoplast IPO.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 10.24 | 8.43 | 5.41 |
Pyramid Technoplast IPO Review
Pyramid Technoplast is all set to launch its Book Built Issue IPO from August 18 to August 22, 2023.
With a total issue size of Rs 153.05 Crores and a price range of Rs 151 to Rs 166 per share, the IPO offers 9,220,000 shares, including a Fresh Issue of 5,500,000 shares and an Offer for Sale of 3,720,000 shares.
Listing on both BSE and NSE is expected on August 30, 2023. The Pyramid Technoplast IPO Grey Market Premium is at Rs 19 (+/-), hinting at an estimated listing price of Rs 185, potentially yielding a gain of around 11.45% per share.
While subscription and allotment details are awaited, the company’s financials reflect consistent growth and robust Key Performance Indicators, making the Pyramid Technoplast IPO an attractive proposition for investors.
Pyramid Technoplast IPO Details
Here are a few more details you need to know before investing in Pyramid Technoplast IPO –
Pyramid Technoplast IPO Issue Object
So, Pyramid Technoplast has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by our Company;
- Funding working capital requirements of our Company; and
- General corporate purposes.
Pyramid Technoplast IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diverse customer base
- Comprehensive product portfolio
- Strategic location of our manufacturing units.
- Quality Standard Certifications & Quality Tests
- Experienced Promoters and senior management team
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 10.24 | 29.61 | 34.28 |
| 31-Mar-21 | 8.43 | 34.77 | – |
| Mar-21 | 5.41 | 34.79 | – |
Pyramid Technoplast IPO Lead Managers
Here is the list of Lead managers –
- PNB INVESTMENT SERVICES LIMITED
- FIRST OVERSEAS CAPITAL LIMITED
Pyramid Technoplast IPO Registrar to offer
Check out the details of the registrar here –
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400 093,
Maharashtra, India
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C.
SEBI Registration No.: INR000001385
Pyramid Technoplast IPO – Other Details
- Statutory Auditor – Banka & Banka, Chartered Accountants
- Legal Counsel to the Company – Desai & Diwanji
- Bankers to the Company – HDFC Bank Limited, The Federal Bank Limited, Axis Bank Limited and Citibank N.A.
Pyramid Technoplast IPO Verdict by Stock Brokers
Considering the promising financial performance, diversified product portfolio, and innovative approach of Pyramid Technoplast, the IPO appears to hold potential for investors.
The company’s steady growth trajectory, robust Key Performance Indicators, and adherence to quality standards suggest a well-managed business. The estimated listing price with the Grey Market Premium also indicates positive market sentiment.
However, as with any investment, there are inherent risks and uncertainties. Investors should carefully assess their risk tolerance and conduct thorough due diligence before participating.
While the Pyramid Technoplast IPO verdict showcases strong prospects, market conditions and individual preferences play a significant role in determining its attractiveness.
Consultation with financial advisors and staying updated on IPO-related news can help investors make informed decisions. Ultimately, the decision to invest in the Pyramid Technoplast IPO should align with one’s investment goals and risk appetite.
Pyramid Technoplast IPO – Conclusion
In conclusion, the Pyramid Technoplast IPO presents an appealing prospect considering its robust financial performance, diversified product offerings, and innovative strategies.
The company’s consistent growth, impressive Key Performance Indicators, and estimated listing price with the Grey Market Premium underscore its potential. Nonetheless, investing in any IPO entails inherent risks.
It is crucial for investors to thoroughly assess their risk tolerance, conduct comprehensive research, and seek expert guidance. While the IPO exhibits positive traits, market conditions, and individual preferences play a significant role in determining its attractiveness.
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Pyramid Technoplast IPO Review FAQs
Check out the FAQs on Pyramid Technoplast IPO –
What is the Issue Size of Pyramid Technoplast IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Pyramid Technoplast IPO?
The price band for this particular IPO ranges between Rs.NA to Rs. NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Pyramid Technoplast IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Pyramid Technoplast IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Pyramid Technoplast IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Pyramid Technoplast IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Pyramid Technoplast IPO?
Here are the promoters of this IPO – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Pyramid Technoplast IPO?
They have obtained the GMP of this IPO and it is Rs. NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Pyramid Technoplast IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Pyramid Technoplast Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 3,176.07, 2022 is 2,614.61, 2021 is 1,699.24.
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