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Pyramid Technoplast IPO
In a significant stride towards growth and expansion, Pyramid Technoplast Limited, a distinguished player in the realm of polymer-based molded products, is set to make its mark in the financial landscape with an eagerly anticipated Initial Public Offering (IPO).
In this article, check out everything about Pyramid Technoplast IPO.
Let’s start with the objectives of the Pyramid IPO.
Objectives of Pyramid Technoplast IPO
| S.No. | Particulars | Amount* (₹ in lakhs) |
|---|---|---|
| 1 | Repayment and/or pre-payment or repayment, in full or part, of certain outstanding borrowings availed by our Company | 4,000.00 |
| 2 | Funding working capital requirements of our Company | 4,021.43 |
| 3 | General corporate purposes** | _ |
| Total | 8,021.43 |
**The amount utilized for general corporate purposes shall not exceed 25% of the Gross Proceeds of the Fresh Issue
Pyramid Technoplast IPO Details
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | 30 August 2023 |
| Face Value | ₹10 per share |
| Price | ₹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 |
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Pyramid Technoplast IPO Tentative Timetable
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Pyramid Technoplast IPO Reservation
| Anchor Investor Shares Offered | 1,659,600 (18.00%) |
| QIB Shares Offered | 1,106,400 (12.00%) |
| NII (HNI) Shares Offered | 1,844,000 (20.00%) |
| Retail Shares Offered | 4,610,000 (50.00%) |
| Total Shares Offered | 9,220,000 (100%) |
Pyramind Technoplast IPO Lot Size
| 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 |
Pyramid Technoplast IPO Financials
| 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 |
Pyramid Technoplast IPO Promoters
Pyramid Technoplast company’s promoters areBijaykumar Agarwal, Jaiprakash Agarwal Yash Synthetics Private Limited, Credence Financial Consultancy LLP, Pushpa Devi Agarwal and Madhu Agarwal.
Here’s the pre-issue and post-issue share holding of the promoters in the company:
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.94% |
Pyramid Technoplast Company Background
Pyramid Technoplast Limited is a polymer-based molded products manufacturer established in 1997.
The company specializes in manufacturing polymer drums, intermediate bulk containers (IBCs), and mild steel (MS) drums for the packaging and transporting of chemicals, agrochemicals, and specialty chemicals.
Pyramid Technoplast began commercial production in 1998 and now has six manufacturing facilities, four located in Bharuch, GIDC, Gujarat, and two in Silvassa, UT of Dadra and Nagar Haveli.
Pyramid Technoplast Industry Overview
The growth of polymer drums & HM-HDPE in India is owing to the rising demand for food & beverage products & ingredients, industrial packaging, chemical industry, pharmaceutical, and others.
With a median age of 28, the Indian population is significantly younger than several other Asian nations. With 34.5% of the population residing in urban areas, the urban population is growing.
The middle class in India, which made up 5% of the population in 2020, is predicted to steadily expand to represent 40% of all consumption in India by 2025.
Pyramid Technoplast IPO GMP Today
| Date | GMP |
|---|---|
| 18-Aug-2023 | ₹28 |
| 17-Aug-2023 | ₹24 |
| 16-Aug-2023 | ₹24 |
| 15-Aug-2023 | ₹24 |
| 14-Aug-2023 | ₹19 |
| 13-Aug-2023 | ₹19 |
| 12-Aug-2023 | ₹19 |
| 11-Aug-2023 | ₹19 |
| 10-Aug-2023 | ₹19 |
| 9-Aug-2023 | ₹19 |
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