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Pyramid Technoplast Limited IPO (Pyramid Technoplast IPO) Detail

August 18, 2023 - August 22, 2023

Pyramid Technoplast IPO is a book built issue of Rs 153.05 crores. The issue is a combination of fresh issue of 0.55 crore shares aggregating to Rs 91.30 crores and offer for sale of 0.37 crore shares aggregating to Rs 61.75 crores.

Pyramid Technoplast IPO bidding started from August 18, 2023 and ended on August 22, 2023. The allotment for Pyramid Technoplast IPO was finalized on Friday, August 25, 2023. The shares got listed on BSE, NSE on August 29, 2023.

Pyramid Technoplast IPO price band is set at ₹151 to ₹166 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,940. The minimum lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹209,160, and for bNII, it is 67 lots (6,030 shares), amounting to ₹1,000,980.

Pnb Investment Services Ltd and First Overseas Capital Limited are the book running lead managers of the Pyramid Technoplast IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Pyramid Technoplast IPO RHP for detailed information.

Pyramid Technoplast IPO Details

IPO Date August 18, 2023 to August 22, 2023
Listing Date August 29, 2023
Face Value ₹10 per share
Price Band ₹151 to ₹166 per share
Lot Size 90 Shares
Total Issue Size9,220,000 shares
(aggregating up to ₹153.05 Cr)
Fresh Issue5,500,000 shares
(aggregating up to ₹91.30 Cr)
Offer for Sale3,720,000 shares of ₹10
(aggregating up to ₹61.75 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding post issue36,784,800

Pyramid Technoplast IPO Reservation

Pyramid Technoplast IPO offers 9,220,000 shares. 1,106,400 (12.00%) to QIB, 1,844,000 (20.00%) to NII, 4,610,000 (50.00%) to RII 1,659,600 (18.00%) to Anchor investors. 51,222 RIIs will receive minimum 90 shares and 487 (sNII) and 975 (bNII) will receive minimum 1,260 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered1,659,600 (18.00%)NA
QIB Shares Offered1,106,400 (12.00%)NA
NII (HNI) Shares Offered1,844,000 (20.00%)
  bNII > ₹10L1,229,333 (13.33%)975
  sNII < ₹10L614,667 (6.67%)487
Retail Shares Offered4,610,000 (50.00%)51,222
Total Shares Offered9,220,000 (100%)

Pyramid Technoplast IPO Anchor Investors Details

Pyramid Technoplast IPO raises Rs 27.55 crore from anchor investors. Pyramid Technoplast IPO Anchor bid date is August 17, 2023. Pyramid Technoplast IPO Anchor Investors list

Bid Date August 17, 2023
Shares Offered 1,659,600
Anchor Portion Size (In Cr.) 27.55
Anchor lock-in period end date for 50% shares (30 Days) September 24, 2023
Anchor lock-in period end date for remaining shares (90 Days) November 23, 2023

Pyramid Technoplast IPO Timeline (Tentative Schedule)

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

IPO Open Date Friday, August 18, 2023
IPO Close Date Tuesday, August 22, 2023
Basis of Allotment Friday, August 25, 2023
Initiation of Refunds Monday, August 28, 2023
Credit of Shares to Demat Tuesday, August 29, 2023
Listing Date Tuesday, August 29, 2023
Cut-off time for UPI mandate confirmation 5 PM on August 22, 2023

Pyramid Technoplast IPO Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 90 ₹14,940
Retail (Max) 13 1170 ₹194,220
S-HNI (Min) 14 1,260 ₹209,160
S-HNI (Max) 66 5,940 ₹986,040
B-HNI (Min) 67 6,030 ₹1,000,980
Lot Size Calculator

Pyramid Technoplast IPO Promoter Holding

Bijaykumar Agarwal, Jaiprakash Agarwal, Pushpa Devi Agarwal, Madhu Agarwal, Yash Synthetics Private Limited, and Credence Financial Consultancy LLP are the company's promoters.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 74.94%

About Pyramid Technoplast Limited

Incorporated in 1997, Pyramid Technoplast Limited manufactures polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements.

The company manufactures polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC), as well as MS Drums for packaging used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals.

Pyramid Technoplast started its commercial production in 1998 and now has over 6 manufacturing units out of which four are situated in Bharuch, GIDC, Gujarat, and two are situated at Silvassa, UT of Dadra and Nagar Haveli. The total installed capacity of their Polymer Drum manufacturing units is 20,612 MTPA, the total installed capacity of the IBC manufacturing unit is 12,820 MTPA and the total installed capacity of the MS Drums unit is 6,200 MTPA. The company is in the process of constructing its seventh manufacturing unit which will also be situated in Bharuch, GIDC, Gujarat.

The company has obtained UN certification outlined by United Nations Recommendation for IBC and MS Drums to meet safety levels. The manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health, and safety management systems for the manufacture of Polymer Drums, carboys, jerry cans, IBC & MS Drums and accessories, and their MS Drums meet the quality standards as per IS 1783:2014 (Part 1 and 2) laid down by Bureau of Indian Standards.

Company Financials

Pyramid Technoplast IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets153.46183.76225.78
Revenue316.18402.64482.03
Profit After Tax16.9926.1531.76
Net Worth48.8575.20107.25
Reserves and Surplus44.9471.2975.97
Total Borrowing51.3064.7755.34
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Pyramid Technoplast IPO is Rs 611 Cr.

KPI Values
ROE29.61%
ROCE21.37%
RoNW29.61%
Pre IPO Post IPO
EPS (Rs) 10.24
P/E (x) 16.21

Objects of the Issue (Pyramid Technoplast IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company,
  2. Funding working capital requirements of the company, and
  3. General corporate purposes.

Pyramid Technoplast IPO Review (Apply)

[Dilip Davda]  The company is one of the leading industrial packaging company. It manufactures and markets polymer-based moulded products. For the past three fiscals, it posted growth in its top and bottom lines. The company is setting up a 7th plant to expand its capacities. Based on FY23 performance, the issue appears fully priced. However, well-informed investors may park funds for the medium to long-term rewards. Read detail review...


Pyramid Technoplast IPO Subscription Status (Bidding Detail)

The Pyramid Technoplast IPO is subscribed 18.29 times on August 22, 2023 7:02:00 PM. The public issue subscribed 14.72 times in the retail category, 9.94 times in the QIB category, and 32.24 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB9.94
NII32.24
    bNII (bids above ₹10L)33.81
    sNII (bids below ₹10L)29.09
Retail14.72
Total18.29

Total Application : 731,756 (14.29 times)

Pyramid Technoplast IPO Prospectus

Pyramid Technoplast IPO Rating

31
4.5
Rating:Rated 4.5 stars
Vote Here ...

Pyramid Technoplast IPO Listing Details

Listing Date August 29, 2023
BSE Script Code 543969
NSE Symbol PYRAMID
ISIN INE0MIS01010
Final Issue Price ₹166 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹166.00
₹185.00
₹175.75
₹188.00
₹175.75
NSE
₹166.00
₹187.00
₹177.65
₹188.00
₹177.65

Check IPO Performance…

Pyramid Technoplast Limited Contact Details

Pyramid Technoplast Limited
Office No.2, 2nd Floor, Shah Trade Centre,
Rani Sati Marg, Near W.E Highway,
Malad (East), Mumbai - 400 097
Phone: +91 22 4276 1547
Email: cs@pyramidtechnoplast.com
Website: https://pyramidtechnoplast.com/

Pyramid Technoplast IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Pyramid Technoplast IPO - Buy or Not

Pyramid Technoplast IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 1 0
Members 3 2 0

Read All Reviews Post Your Review Manage Reviews

Pyramid Technoplast IPO FAQs

Pyramid Technoplast IPO is a main-board IPO of 9,220,000 equity shares of the face value of ₹10 aggregating up to ₹153.05 Crores. The issue is priced at ₹151 to ₹166 per share. The minimum order quantity is 90 Shares.

The IPO opens on August 18, 2023, and closes on August 22, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Pyramid Technoplast IPO using UPI as a payment gateway. Zerodha customers can apply in Pyramid Technoplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Pyramid Technoplast IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Pyramid Technoplast IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Pyramid Technoplast IPO lot size is 90 Shares, and the minimum amount required is ₹14,940.

You can apply in Pyramid Technoplast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Pyramid Technoplast IPO will be done on Friday, August 25, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 29, 2023. Check the Pyramid Technoplast IPO allotment status.

The Pyramid Technoplast IPO listing date is on August 29, 2023.
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Pyramid Technoplast IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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769 Comments

354. Manup |   Link |  Bookmark |September 11, 2023 3:53:36 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Patience will pay Stay invested
353. Tejas Pandya |   Link |  Bookmark |September 5, 2023 3:23:13 PM
IPO Guru IPO Guru (3500+ Posts, 2700+ Likes)
Now at upper circuit at 165.90..🔥🔥
Exit opportunity?? Or adding opportunity??🤔
352. ABHICARTER |   Link |  Bookmark |September 4, 2023 11:33:15 PM
Please if anyone can solve my confusion regarding SHni allotment in Pyramid Technoplast IPO. My query is regarding BOA (Allotment done in SHni Category). My query is:

Total 12 persons applied for 27 lots each (2430 shares) i.e. total lots applied is 324 lots. Here, none of the applicant was allotted Minimum Shni lot i.e. 14 Lots.

Whereas 14 persons applied for 21 lots each (1890 shares) i.e. total lots applied is 294 lots. Here, 1 of the 14 applicant allotted 14 Lots.

Why there was no lottery for those 12 persons who has applied for 27 lots each?
351. newgen consultancy |   Link |  Bookmark |September 3, 2023 10:43:11 PM
IPO Guru IPO Guru (3400+ Posts, 6500+ Likes)
I think All Would have Understood why This IPO was AVOID from My Part

I would Rather Recommend to buy This Stock at 10% discount From Here

This Bulk Packaging companies from all the Sectors will get Strong Financials in November Quarter
So I would recommend to Accumulate the Packaging Companies based on Your Personal Likes/Dislikes

# Happy Investing
350. ABHICARTER |   Link |  Bookmark |September 1, 2023 3:37:45 PM
Can someone tell me how the allotment is done in Shni. I have seen BOA on chittorgarh. The persons who had applied in 1710, 1980, 2610 etc. shares category does not allotted a single share. Does lottery system not conducted Lot wise for every Lot? I am so confused right now.
350.3. Prince 🤴 |   Link |  Bookmark |September 1, 2023 11:19:33 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Dear do not compare no.of shares ignore no.of shares it differs from IPO to IPO consider it on lots basis you can easily understand.
350.4. ABHICARTER |   Link |  Bookmark |September 3, 2023 1:28:12 PM
Sir, Sorry to bother u once again. I have also done calculation according to Lot Wise but still didn't get it. Here is my query:-
Total 12 persons applied for 27 lots each i.e. total lots applied is 324 lots. Here, none of the applicant was allotted Minimum Shni lot i.e. 14 Lots.
Whereas 14 persons applied for 21 lots each i.e. total lots applied is 294 lots. Here, 1 of the 14 applicant allotted 14 Lots.Why there was no lottery for those 12 persons who has applied for 27 lots each?
349. ABHICARTER |   Link |  Bookmark |September 1, 2023 1:44:17 PM
Can someone tell me how the allotment is done in Shni. I have seen BOA on chittorgarh. The persons who had applied in 1710, 1980, 2610 etc. shares category does not allotted a single share. Does lottery system not conducted Lot wise for every Lot?
349.1. Nilesh Bansal |   Link |  Bookmark |September 1, 2023 2:39:09 PM
Your luckiest person who not got allotment
This type of company trap the investor

See the rating 4.5 and what comes negative result

What SEBI looking after or again no matter how thing is going on we only need money
348. Earthking |   Link |  Bookmark |August 30, 2023 12:25:10 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
After selling my alloted shares at preopen... Today bought back 1000+ shares at bse...
348.2. Earthking |   Link |  Bookmark |August 30, 2023 10:46:04 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
i expected it to break LC today ...but didn happen ... lets c
348.3. Imhilli |   Link |  Bookmark |September 2, 2023 9:28:55 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
@Earthking Any idea on why the price is falling?
347. untamed inferno |   Link |  Bookmark |August 30, 2023 10:15:15 PM
Will definitely collect more on every dip or LCs from tomorrow.
346. Hope is life |   Link |  Bookmark |August 30, 2023 7:43:41 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
so many positive things in this script

but due to small market cap
known DII or FII will not enter in this script

so it will take some time to absorb initial selling pressure

"apda me awsar" "negative might be positive "also means
due to small market cap small group of investors (operator's in other language)might take this script to anywhere ..

company doing good business, financial ok...

note-this is my personal observations, no buying or selling suggestion....
345. Np patel |   Link |  Bookmark |August 30, 2023 2:19:59 PM (300+ Posts)
Wise people will hold as there is nothing wrong with company and it will bounce back and people who did not get allotment can accumulate today or tomorrow.
344. BISWAJIT |   Link |  Bookmark |August 30, 2023 12:10:28 PM
After Three to Four lower circuit, there will be two to three upper circuits also. Guys don't lose your patience.
343. Athar |   Link |  Bookmark |August 29, 2023 11:32:15 PM (200+ Posts)
Money deducted for Pyramid IPO.But message received from BSE that there is no allotment.when checked with allotment status no allotment.How do I get my refund.bank SBI.Whether to contact bank or register of the issue.please give advice
342. RealQueen |   Link |  Bookmark |August 29, 2023 8:34:13 PM
Pyramid listing will have impact on forthcoming IPO - Ratnaveer and Rishab . We have not seen only seller situation on IPO listing day. Its very strange.
342.1. Smile✍️ |   Link |  Bookmark |August 29, 2023 11:00:09 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
@RealQueen Pyramid is a diffrent story, wont force any adverse effect Rishabh. It is not in demand like aero or vishnu; but for diff reasons. Comparing with Pyramid it is safe bid. You may true in Ratnveer
341. IPO Small Investor |   Link |  Bookmark |August 29, 2023 3:39:03 PM
@untamed inferno - ok bhai hold kar lete h 4-5 months. Bhagwan kare ye 300 chala jae🙏
341.1. TraderBANNA |   Link |  Bookmark |August 29, 2023 7:26:49 PM
Do not hold
340. Vinay kumar sap |   Link |  Bookmark |August 29, 2023 12:21:34 PM
Hi all , got allotment of pyramid technology ipo and when I'm trying to sell , there are no buyers at all and I'm completely shocked . Suggestions pls , iam worried about my capital .
340.8. Ankur Goel |   Link |  Bookmark |August 29, 2023 6:34:04 PM
IPO Guru IPO Guru (1300+ Posts, 600+ Likes)
Place AMO order if you are using zerodha and wait for trade opens. If you are lucky enough, your order will be executed.

One should not worry 10-20% here and there if wishes to enter into capital market.
340.9. IPOTraders |   Link |  Bookmark |August 30, 2023 4:58:59 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
​ @Vinay kumar sap
Hope aaj "pyramid" nikal gaya hoga
339. Heritage Wale |   Link |  Bookmark |August 29, 2023 1:00:19 PM
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
I wish everyone booked profit in Pre-Open who Got Allotment.......

Specially...@Tejas Pandya 

Movie Ka EnD kHARAB tHA Pahele Bata Diya Tha.....
339.1. Tejas Pandya |   Link |  Bookmark |August 29, 2023 1:29:20 PM
IPO Guru IPO Guru (3500+ Posts, 2700+ Likes)
@Heritage Wale Bhai Maine bhi apko bata diya tha ki main to 9.45 ka show dekhke hi nikal jata hu..😁
Agar koi Gadar jaisi block buster ho to apan dekh lete hai 10 baje ka show..
338. Maheshv |   Link |  Bookmark |August 29, 2023 1:23:20 PM
Forgot about listing, I am unable to sell it as market orders are blocked, will I be able to sell with profit 😕
337. Beingstrong |   Link |  Bookmark |August 29, 2023 12:42:59 PM
Due to work forgot the listing😭alloted 1shni do we get a chance to exit atleast at ipo price experts please suggest.
337.1. Tejas Pandya |   Link |  Bookmark |August 29, 2023 12:50:17 PM
IPO Guru IPO Guru (3500+ Posts, 2700+ Likes)
Don't worry.. be strong..you will get chance to exit with some profit..
337.2. Tejas Pandya |   Link |  Bookmark |September 5, 2023 3:45:47 PM
IPO Guru IPO Guru (3500+ Posts, 2700+ Likes)
@Beingstrong I think here is your chance if you still holding and want to exit..
336. Gulsan |   Link |  Bookmark |August 29, 2023 11:35:53 AM
Jab LC lagta to expert preopen me sell kar lete hai abhi uc lagta to bolte hold hai kaise akhir kaise kar lete hai ye ....
336.5. Bharat Ahuja |   Link |  Bookmark |August 29, 2023 12:50:08 PM
Sold my single alloated lot in Pre-Open too.
336.6. Imhilli |   Link |  Bookmark |September 3, 2023 4:16:29 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
@Gulsan It's really tricky. The people who has close contact with grey market brokers can have better prediction capability. But there is no definite rules. All are mostly based on intuition, market sentiment and previous track record etc. Here QIB was less, which was not a good signal. I feel, it should bottom out in a day or two.
335. untamed inferno |   Link |  Bookmark |August 29, 2023 12:49:13 PM
Don't panic. Hold on. It will prove to be a long term stock.