Pyramid Technoplast Limited IPO is set to launch on 18 August, 2023. The company initiated its business operations in the year 1997. It manufactures moulded products that are based on polymers used by agrochemical, chemical, pharmaceutical companies and specialty chemicals. The company produces Intermediate Bulk Containers and MS Drums that are used in agrochemicals, chemicals and speciality chemicals. Pyramid Technoplast Limited has 6 manufacturing units. The company has a capacity of manufacturing 20612 MTPA for Polymer Drum, 6200 MTPA for MS Drums and 12820 MTPA for IBC.
Pyramid Technoplast Limited IPO DETAILS
Pyramid Technoplast Limited IPO is set to launch on 18 August, 2023. The subscription timeline extends till 22 August, 2023. The size for the IPO is 153.05 Crore Rs. Shares issued through fresh issue mode are worth 91.30 Crore Rs. Shares issued through offer for sale mode are worth Rs 61.75 Crore. The lot size is 90 shares and the price is 151 to 166 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Bigshare Services Private Limited.
Tabular Description of Pyramid Technoplast Limited IPO
IPO OPENING DATE | 18 August, 2023 |
CLOSING DATE FOR IPO | 22 August, 2023 |
ISSUE TYPE | Book Built Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 151 Rs. to 166 Rs. per share |
LOT SIZE | 90 shares |
MINIMUM ORDER QUANTITY | 90 shares |
ISSUE SIZE | 153.05 Crore Rs. |
OFFER FOR SALE | 61.75 Crore Rs. |
FRESH ISSUE | 91.30 Crore Rs. |
LISTING AT | NSE, BSE |
LISTING DATE | 30 August, 2023 |
Pyramid Technoplast Limited IPO : IMPORTANT DATES
IPO OPENING DATE | 18 August, 2023 |
CLOSING DATE FOR IPO | 22 August, 2023 |
IPO ALLOTMENT DATE | 25 August, 2023 |
REFUNDS | 28 August, 2023 |
DEMAT A/C CREDITED ON | 29 August, 2023 |
IPO LISTING DATE | 30 August, 2023 |
Pyramid Technoplast Limited IPO begins for subscription from 18 August, 2023. The IPO subscription would continue till 22 August, 2023. The allotment status for the shareholders who applied would come on 25 August, 2023. The refunds for the ones who did not get allotment would be initiated on 28 August, 2023. The DEMAT accounts of shareholders would be credited on 29 August, 2023. The listing of the company would be completed on 30 August, 2023.
Pyramid Technoplast Limited IPO : Lead Managers
The lead managers are :
- First Overseas Capital Limited
- PNB Investment Services Limited
The minimum lot size for the company is decided at 90 shares. This holding accounts to 14940 Rs.. The maximum lot size is decided at 1170 shares. This amounts to 194220 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 90 shares | 14940 Rs. |
Maximum | 1170 shares | 194220 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The money will be used for repayment of borrowings.
COMPANY FINANCIALS
Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
ASSETS | 153 | 183 | 225 |
Revenue | 316 | 402 | 482 |
PAT | 16 | 26 | 31 |
Pyramid Technoplast Limited had an asset base of 153 Crore Rs in 2021. This increased to 183 Crore Rs in 2022 and 225 Crore Rs in 2023. The revenue of the company was 316 Crore Rs in 2021 which increased to 403 Crore Rs in 2022 and 482 Crore Rs in 2023. The profit of Pyramid technoplast was 16 Crore Rs in 2021 and this increased by 10 Crore Rs to 26 Crore Rs in 2022. In 2023 the profit was 31 Crore Rs for the company.
PROS
- The company produces Intermediate Bulk Containers and MS Drums that are used in agrochemicals, chemicals and speciality chemicals.
- Pyramid Technoplast Limited has 6 manufacturing units.
- The company has a capacity of manufacturing 20612 MTPA for Polymer Drum, 6200 MTPA for MS Drums and 12820 MTPA for IBC.
CONS
- The company works in a highly competitive segment.
Pyramid Technoplast Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Pyramid Technoplast Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.