Pyramid Technoplast IPO issue begins on August 18, 2023, and closes on August 22, 2023. The face value per share is ₹10, and the proposed bandwidth of the IPO share price is ₹151 – ₹166, with a lot size of 90. The company aims for a public fund of ₹153.05 Cr from this IPO issue.
Pyramid Technoplast Ltd, an SME, manufactures and derives its businesses from IBC Containers Verticals, MS Barrels Vertical, and Plastic Barrel Verticals.
It involves supporting the chemical industries through packing and transporting activities. As the company has a good reputation in serving leading national-level companies like Jindal Group, Asian Paints, and Adani Wilmar Ltd.
To expand its business operations, It further plans to acquire ₹153.05 Cr through an IPO issue yet to be floated at the Bombay Stock Exchange (BSE)/National Stock Exchange ( NSE) on August 18, 2023.
Pyramid Technoplast IPO Date, Price, GMP, Review & Analysis
You can find in detail the genesis of pyramid technoplast ltd, achievements, business operations, financial status in the consolidated format of past years, and business performance.
In addition, the article provides info on Key parameters, business profiles, and the objectives of IPO issues and comparison to their peers.
On looking into the IPO share’s price, you can be determined to purchase shares through the IPO issue; it begins on August 18, 2023, and closes on August 22, 2023, and you can obtain the IPO Issue: Event timetable.
Furthermore, you can get info on Issue Type/Total Issue/Fresh Issue/Offer for Sale. The info on the Lot-size Allotment for Retail/S-NHI/B-HNI & the IPO Reservation can enable you in arranging for finances for the IPO issue purchase.
Objectives of the IPO Issue
Pyramid Technoplast Limited shall invest the proceeds obtained from the IPO funding in the following manner:
The company shall use the IPO funds in making repayments or pre-payments, in full or part of the outstanding borrowing.
The company shall fund the increased capital base as working capital and other General Corporate requirements.
Pyramid Technoplast Limited: IPO Issue Details
The company plans to open the IPO issue on August 18, 2023, and close on August 22, 2023, and to be listed at BSE, and NSE.
The face value per share is ₹10, and the proposed bandwidth of the IPO share price is ₹151 – ₹166, with a lot size of 90. The company aims for a public fund of ₹153.05 Cr from this IPO issue.
Issue Type/Total Issue/Fresh Issue/Offer for Sale
A kind of Issue the company shall be hosting is known to be Book Built Issue IPO, and the promoters do possess shares of 31,284,800 during pre-issue and the figures shall raise to 36,784,800 in post issue scenario.
Some of the prominent IPO details are total issue size (9,220,000 shares), fresh issue (5,500,000 shares), and Offer for Sale (3,720,000 shares), and correspondingly these ‘issue size’ sum up to ₹153.05 Cr, ₹91.30 Cr, and ₹61.75 Cr.
Lot-size Allotment for Retail/S-NHI/B-HNI |IPO Reservation|
The IPO issue applicants can belong to the Retail/S-NHI/B-HNI category and for them, an application can be applied for the minimum or maximum number of shares as defined in the lot size.
Here, in the IPO issue, each lot shall contain 90 shares aggregating to ₹14,940. For Retail the minimum lot size is 1(₹14,940), and the maximum lot size is 13 (₹194,220), similarly, for S-NHI the minimum lot size is 14 ( ₹209,160) and the maximum lot size is 66 (₹986,040).
For B-NHI the minimum lot size is 67( ₹1,000,980) and no maximum lot size is placed in the allotment procedure.
Of the net offer, the company offers retail shares equal to or more than 50 percent, and QIB shares equal to or less than 30 percent, likewise, in the case of NII shares, the company offers shares up to 20 percent or more than.
List of Promoters
The company is promoted by several notable personalities and firms of society and they can be listed as
- Pushpa Devi Agarwal
- Madhu Agarwal
- Bijay Kumar Agarwal
- Jaiprakash Agarwal
- Yash Synthetics Private Limited, and
- Credence Financial Consultancy LLP
These promoters hold 100 percent shares and post issue their share holding capacity will trail to 74.94 percent.
- In the IPO issue, Pyramid Technoplast Ltd, has assigned the lead manager role to PNB Investment Services Ltd, and First Overseas Capital Ltd.
- The matters of IPO issues like shareholder record maintenance shall be managed and controlled by Bigshare Services Private Ltd, the registrar of the issue.
Consolidated Financials of Pyramid Technoplast Limited (FY, 21,22,23)
|Profit After Tax||16.99||26.15||31.76|
|Reserves and Surplus||44.94||71.29||75.97|
Event Timetable IPO:
Like any other company, Pyramid Technoplast Limited got permission to go public to float shares in the National Stock Exchange, NSE.
In this issue, the company has released an event timetable that details the process of the IPO issue in six simple steps.
Genesis of Pyramid Technoplast Ltd:
Polymer Manufacturers & Business Clients:
A specialized manufacturer of polymer-based molded products, Pyramid Technoplast Ltd, was established in 1997 and in a short time, received certification from United Nations for its contribution to polymer-based products such as Intermediate Bulk Containers (IBC) and MS safety drums that are much more suitable for safety standards.
To their merit, Pyramid has a basket of industries as their clients to whom they support in providing polymer-based packaging solutions.
You can list them as follows: JSW Group, Asian Paints, Patanjali Group, Gujarat Alkalis & Chemicals Ltd ( GACL), Apar Group, Adani Wilmar Ltd, Alkyl Amines, United Phosphorus ( UPL), Deepak Nitrate, & Apar Group.
The company supplements the needs of several well-established industries mainly, in the packaging and transportation activities by adopting bulk packaging drums and intermediate bulk containers.
MS polymer drums are functionally applied in the areas of packaging industries like chemicals, pharmaceuticals, agrochemicals, and specialty chemicals.
The containers are utilized to protect the volatile material and the industrial chemicals causing corrosion.
Pyramid’s Manufacturing Units:
The company holds six manufacturing units of them, four are located in Gujarat Industrial Development Corporation (GIDC), Bharuch, Gujarat. The remaining two manufacturing locations are Silvassa, Dadra & Nagar Haveli.
Shortly, the company plans to build a seventh manufacturing unit in GIDC, Bharuch, Gujarat.
Manufacturing Plant Capacity:
Pyramid Technoplast Ltd has a total polymer drum manufacturing capacity of 20,612 MTPA, likewise, the total manufacturing capacity of the IBC is 12,820 MTPA and the MS drums manufacturing capacity is 6,200 MTPA.
A Comparison with Their Peers
In the polymer manufacturing businesses, there are several companies in this sector holding a better performance and they can be analyzed through the parameters such as EPS, NAV per share, P/E(x), and RoNW.
Some of the prominent companies that fall close in competition to Pyramid Technoplast Limited are Time Technoplast, TPL Plastech Limited, and Mold-Tek Packaging Limited.
|Company Name||EPS (Rs)||NAV (per share) (Rs)||P/E (x)||RoNW (%)|
|EPS Basic||EPS Diluted|
|Pyramid Technoplast Limited||10.24||10.24||34.28||29.61|
|Time Technoplast Limited||9.69||9.64||102.92||14.16||9.61|
|TPL Plastech Limited||2.06||2.06||14.79||20.5||13.89|
|Mold-Tek Packaging Limited||24.4||24.37||168.46||41.1||14.4|