Pyramid Technoplast Limited IPO Date, Price, Allotment Details

Pyramid Technoplast Limited IPO Date, Price, Allotment Details

Pyramid Technoplast Limited operates as an industrial packaging company with a primary focus on producing polymer-based molded products, specifically Polymer Drums. These products are primarily utilized by chemical, agrochemical, specialty chemical, and pharmaceutical companies to meet their packaging needs. The company holds a prominent position in the market as a leading manufacturer of rigid Intermediate Bulk Containers (IBCs) in India.

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These IBCs, with a 1,000-liter capacity, serve as robust industrial containers designed for the efficient handling, transportation, and storage of liquids, semi-solids, pastes, and solids. Positioned between standard shipping drums and intermodal tank containers in terms of volume, they are referred to as intermediate bulk containers due to their size.

Pyramid Technoplast Limited IPO Date, Price, Allotment Details

In addition to its IBC production, Pyramid Technoplast also creates Mild Steel (MS) Drums for packaging and transporting various chemicals, agrochemicals, and specialty chemicals. The company employs blow molding technology for the manufacturing of Polymer Drums and IBCs. Injection molding technology is used to produce various components like caps, closures, bungs, lids, handles, and lugs, primarily for internal purposes. The products are proudly marketed and sold under the brand name “Pyramid.”

Strategically dispersed across six manufacturing units, four of which are situated in Bharuch, GIDC, and the remaining two in Silvassa, the company’s operations are well-positioned. An additional manufacturing unit, the seventh one, is currently under construction adjacent to the existing facilities in Bharuch, GIDC. The combined installed capacity of their Polymer Drum manufacturing units stands at 18,837 MTPA (Metric Tons Per Annum). The IBC manufacturing unit boasts an installed capacity of 3,240 MTPA, while the MS Drums unit’s installed capacity is 3,600 MTPA.

Pyramid Technoplast IPO Details

IPO DateAug 18, 2023 to Aug 22, 2023
Listing Date[.]
Face Value₹10 per share
Price₹151 to ₹166 per share
Lot Size90 Shares
Total Issue Size9,220,000 shares
 (aggregating up to ₹153.05 Cr)
Fresh Issue5,500,000 shares
 (aggregating up to ₹[.] Cr)
Offer for Sale3,720,000 shares of ₹10
 (aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue3,12,84,800.00
Share holding post issue3,67,84,800.00

Pyramid Technoplast IPO Timetable (Tentative)

Pyramid Technoplast IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.  

IPO Open DateFriday, 18 August 2023
IPO Close DateTuesday, 22 August 2023
Basis of AllotmentFriday, 25 August 2023
Initiation of RefundsMonday, 28 August 2023
Credit of Shares to DematTuesday, 29 August 2023
Listing DateWednesday, 30 August 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 22, 2023

Pyramid Technoplast IPO Lot Size

The minimum lot size of this Pyramid Technoplast IPO is 90 shares required is ₹14,940.

ApplicationLotsSharesAmount
Retail (Min)19014940
Retail (Max)131170194220
S-HNI (Min)141260209160
S-HNI (Max)665940986040
B-HNI (Min)6760301000980

Company Financials

Pyramid Technoplast IPO Financial Information (Restated)

Period Ended442864465145016
Assets153.46183.76225.78
Revenue316.18402.64482.03
Profit After Tax16.9926.1531.76
Net Worth48.8575.2107.25
Reserves and Surplus44.9471.2975.97
Total Borrowing51.364.7755.34
(Amount in Crore)

Peer Group:

  • Time Technoplast Limited
  • TPL Plastech Limited
  • Mold-Tek Packaging Limited

Company Promoters:

  • Bijaykumar Agarwal
  • Jaiprakash Agarwal
  • Yash Synthetics Private Limited

Registrar for Pyramid Technoplast IPO:

BIGSHARE SERVICES PRIVATE LIMITED

Phone: +91 22 6263 8200

Email: ipo@bigshareonline.com

Website: www.bigshareonline.com

Check Pyramid Technoplast IPO Allotment Status:

To check the allotment status of the Pyramid Technoplast IPO, visit the allotment URL on the Bigshare website. Click Here

Lead Managers (Merchant Bankers) for Pyramid Technoplast IPO:

  • FIRST OVERSEAS CAPITAL LIMITED
  • PNB INVESTMENT SERVICES LIMITED

Company Address:

PYRAMID TECHNOPLAST LIMITED

Office No.2, 2nd Floor, Shah Trade Centre, Rani Sati Marg,

Near W.E. Highway, Malad (East), Mumbai 400 097, Maharashtra

Phone: +91 22 42761547

Email: cs@pyramidtechnoplast.com

Website: www.pyramidtechnoplast.com

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