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Pyramid Technoplast IPO

Pyramid Technoplast IPO

  • Status: Closed
  • RHP:
  • ₹ 13,590 / 90 shares

    Minimum Investment

IPO Details

  • Open Date

    18 Aug 2023

  • Close Date

    22 Aug 2023

  • IPO Price Range

    ₹ 151 to ₹ 166

  • IPO Size

    ₹ 153.05 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    30 Aug 2023

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IPO Timeline

Pyramid Technoplast IPO Subscription Status

Pyramid Technoplast Limited IPO is all set to open from 18th August to 22nd August 2023. Pyramid Technoplast produces moulded items made from polymers (Polymer Drums). The IPO includes a fresh issue of ₹55,00,000 equity shares and an Offer-for-Sale (OFS) of 37,20,000 equity shares. The issue size is ₹153.05 cr. The share allotment date is 25th August, and the IPO will be listed on 30th August on the stock exchanges. The price band is ₹151 to ₹166 per share and the lot size is 90 shares.    

PNB Investment Services Limited and First Overseas Capital Limited are the book-running lead managers for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Pyramid Technoplast IPO:

Pyramid Technoplast Limited plans to utilize the raised capital from IPO to:

●    The prepayment or repayment of either a full amount or a part of outstanding debt
●    Fund working capital requirements 
●    Fund general corporate purposes
 


Established in 1997, Pyramid Technoplast Limited is an industrial packaging firm, specializing in the production of polymer-based moulded products known as Polymer Drums. These drums are widely used in packaging for chemical, agrochemical, specialty chemical, and pharmaceutical companies. Pyramid Technoplast holds a prominent position as a top manufacturer of rigid Intermediate Bulk Containers (IBC) in India, specifically producing IBCs with a capacity of 1,000 litres.

With a strategic presence, the company has 6 manufacturing units strategically situated – four within the Bharuch GIDC region and two located in Silvassa. The company is in the process of establishing a 7th manufacturing unit adjacent to the existing 6 at Bharuch GIDC. 

In terms of production capacity, the combined Polymer Drum manufacturing units have a total installed capacity of 18,837 MTPA, the IBC manufacturing unit has a capacity of 3,240 MTPA, and the MS Drums unit has a capacity of 3,600 MTPA.

Peer Comparison
●    Time Technoplast Limited
●    TPL Plastech Limited
●    Mold-Tek Packaging Limited
 

For More Information:

Webstory on Pyramid Technoplast IPO
Pyramid Technoplast IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 480.02 400.41 313.50
EBITDA 439.17 367.48 293.29
PAT 31.76 26.14 16.99
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 225.78 183.75 153.45
Share Capital - - -
Total Borrowings 118.53 108.55 104.61
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 38.95 -6.04 8.38
Net cash from / (used in) investing activities -23.92 -4.27 -6.73
Net cash flow from / (used in) financing activities -12.73 9.23 0.50
Net increase (decrease) in cash and cash equivalents 2.30 -1.09 2.16


Strengths

1.    The company has 6 strategically located manufacturing units in Gujarat.
2.    Well-positioned in the industry with a diverse customer base. 
3.    The company units are SO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified. 
4.    It has a comprehensive product portfolio. 

Risks

1.    Higher working capital requirements. 
2.    No long-term contracts with customers or suppliers. 
3.    Negative cash flow in the past which can repeat. 
4.    Any ban by the government on polymer-based packaging can impact its operations. 
 

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FAQs

The minimum lot size of Pyramid Technoplast IPO is 90 shares and the investment required is ₹13,590.

The price band of Pyramid Technoplast IPO ₹151 to ₹166.

Pyramid Technoplast IPO opens on 18th August and closed on 22nd August 2023.
 

 The total size of Pyramid Technoplast IPO is ₹153.05 cr. 

The share allotment date of Pyramid Technoplast IPO is the 25th of August.

The Pyramid Technoplast IPO will be listed on the 30th of August.

PNB Investment Services Limited and First Overseas Capital Limited are the book-running lead managers for Pyramid Technoplast IPO

Pyramid Technoplast Limited plans to utilize the raised capital from IPO to:

1.    The prepayment or repayment of either a full amount or a part of outstanding debt
2.    Fund working capital requirements 
3.    Fund general corporate purposes
 

To apply for Pyramid Technoplast IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Pyramid Technoplast Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.