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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.ParticularsAmount* (₹ in lakhs)
1Repayment and/or pre-payment or repayment, in full or part, of certain outstanding borrowings availed by our Company4,000.00
2Funding working capital requirements of our Company4,021.43
3General corporate purposes**_
*To be finalised upon determination of the Offer Price and updated in the Prospectus prior to filing with the RoC
**The amount utilized for general corporate purposes shall not exceed 25% of the Gross Proceeds of the Fresh Issue

Pyramid Technoplast IPO Details

IPO DateAug 18, 2023 to Aug 22, 2023
Listing Date30 August 2023
Face Value₹10 per share
Price₹151 to ₹166 per share
Lot Size90 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 TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue31,284,800
Share holding post issue36,784,800
Latest News: Concord Biotech IPO Got Listed; Check Out Premium

Pyramid Technoplast IPO Tentative Timetable

IPO Open DateFriday, 18 August 2023
IPO Close DateTuesday, 22 August 2023
Basis of AllotmentFriday, 25 August 2023
Initiation of RefundsMonday, 28 August 2023
Credit of Shares to DematTuesday, 29 August 2023
Listing DateWednesday, 30 August 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 22, 2023

Pyramid Technoplast IPO Reservation

Anchor Investor Shares Offered1,659,600 (18.00%)
QIB Shares Offered1,106,400 (12.00%)
NII (HNI) Shares Offered1,844,000 (20.00%)
Retail Shares Offered4,610,000 (50.00%)
Total Shares Offered9,220,000 (100%)

Pyramind Technoplast IPO Lot Size

Retail (Min)190₹14,940
Retail (Max)131170₹194,220
S-HNI (Min)141,260₹209,160
S-HNI (Max)665,940₹986,040
B-HNI (Min)676,030₹1,000,980

Pyramid Technoplast IPO Financials

Period Ended31 Mar 202131 Mar 202231 Mar 2023
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

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 Holding100.00%
Post Issue Share Holding74.94%

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

Source: 5paisa
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