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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.
| 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 Size | 9,220,000 shares (aggregating up to ₹153.05 Cr) |
| Fresh Issue | 5,500,000 shares (aggregating up to ₹91.30 Cr) |
| Offer for Sale | 3,720,000 shares of ₹10 (aggregating up to ₹61.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,284,800 |
| Share holding post issue | 36,784,800 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,659,600 (18.00%) | NA |
| QIB Shares Offered | 1,106,400 (12.00%) | NA |
| NII (HNI) Shares Offered | 1,844,000 (20.00%) | |
| bNII > ₹10L | 1,229,333 (13.33%) | 975 |
| sNII < ₹10L | 614,667 (6.67%) | 487 |
| Retail Shares Offered | 4,610,000 (50.00%) | 51,222 |
| Total Shares Offered | 9,220,000 (100%) |
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 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 |
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 | |||
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% |
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.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 153.46 | 183.76 | 225.78 |
| Revenue | 316.18 | 402.64 | 482.03 |
| Profit After Tax | 16.99 | 26.15 | 31.76 |
| Net Worth | 48.85 | 75.20 | 107.25 |
| Reserves and Surplus | 44.94 | 71.29 | 75.97 |
| Total Borrowing | 51.30 | 64.77 | 55.34 |
The market capitalization of Pyramid Technoplast IPO is Rs 611 Cr.
| KPI | Values |
|---|---|
| ROE | 29.61% |
| ROCE | 21.37% |
| RoNW | 29.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.24 | |
| P/E (x) | 16.21 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 9.94 |
| NII | 32.24 |
| bNII (bids above ₹10L) | 33.81 |
| sNII (bids below ₹10L) | 29.09 |
| Retail | 14.72 |
| Total | 18.29 |
Total Application : 731,756 (14.29 times)
| Listing Date | August 29, 2023 |
| BSE Script Code | 543969 |
| NSE Symbol | PYRAMID |
| ISIN | INE0MIS01010 |
| Final Issue Price | ₹166 per share |
| 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 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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
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.
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