PYRAMID TECHNOPLAST LIMITED
₹ 151 - ₹ 166
18-Aug-2023 - 22-Aug-2023
₹ 14940.00

/ 90 Shares

PYRAMID TECHNOPLAST LIMITED

18-Aug-2023 - 22-Aug-2023

₹ 151 - ₹ 166

Price Band

₹ 14940.00

Minimum Investment

90

Bid Lot

9,220,000

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 51,222 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of 5,500,000 Equity Shares + Offer for Sale of upto 3,720,000 Equity Shares

Category % Shares/Amount
QIB 30% 2,766,000 Shares Rs. 45.92 Cr
HNI 1 5% 614,667 Shares Rs. 10.20 Cr @ 488 Form 1x
HNI 2 10% 1,229,333 Shares Rs. 20.41 Cr @ 976 Form 1X
Retail 50% 4,610,000 Shares Rs. 76.53 Cr @ 51222 Form 1X

PNB Investment Services, First Overseas Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
51222 Form 1X 488 Form 1x 976 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 90 ₹ 14,940
Retail (Upto 2 Lakh) 13 1170 ₹ 194,220
S-HNI (2 Lakh to 10 Lakh) 14 1260 ₹ 209,160
S-HNI (2 Lakh to 10 Lakh) 66 5940 ₹ 986,040
B-HNI (Above 10 Lakh) 67 6030 ₹ 1,000,980

IPO Timeline

  • Open Date

    18-Aug-2023

  • Close Date

    22-Aug-2023

  • Basis of Allotment Date

    25-Aug-2023

  • Initiation of Refunds

    28-Aug-2023

  • Credit Shares to Demat A/c

    29-Aug-2023

  • IPO Listing Date

    30-Aug-2023

Subscription as on
22-Aug-2023 17:02

Category Book Size Subscription No. of Times
QIB 1,106,400 ₹ 18.37 Cr. 11,001,330 ₹ 182.62 Cr. 9.94x
HNI (<10 LAKH) 614,667 ₹ 10.20 Cr. 17,881,650 ₹ 296.84 Cr. 29.09x
HNI2 (>10 LAKH) 1,229,333 ₹ 20.41 Cr. 41,559,750 ₹ 689.89 Cr. 33.81x
RETAIL 4,610,000 ₹ 76.53 Cr. 67,842,090 ₹ 1126.18 Cr. 14.72x
Total 7,560,400 138,284,820 18.29x
Category Book Size Subscription No. of Times
QIB 1,106,400 ₹ 18.37 Cr. 11,001,330 ₹ 182.62 Cr. 9.94x
HNI (<10 LAKH) 614,667 ₹ 10.20 Cr. 17,881,650 ₹ 296.84 Cr. 29.09x
HNI2 (>10 LAKH) 1,229,333 ₹ 20.41 Cr. 41,559,750 ₹ 689.89 Cr. 33.81x
RETAIL 4,610,000 ₹ 76.53 Cr. 67,842,090 ₹ 1126.18 Cr. 14.72x
Total 7,560,400 138,284,820 18.29x

*Excluding Anchor

Total No. of Application Approx : ~721793 (14.09 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Pyramid Technoplast Limited (“Pyramid Technoplast”) was incorporated on December 30, 1997.  Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements.  
  • They are one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC.  
  • They also manufacture MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and speciality chemicals. 
  • The company uses blow molding technology to manufacture Polymer Drums and IBCs. Injection molding technology is used for manufacturing caps, closures, bungs, lids, handles, lugs, etc. for in-house use.  
  • Their products are marketed and sold under the brand name “Pyramid”.  
  • The company started commercial production in the year 1998. Presently, they have 6 strategically situated manufacturing units out of which 4 are in Bharuch, GIDC and 2 are situated at Silvassa. The 7th manufacturing unit is under construction at the Bharuch, GIDC. 
  • The total installed capacity of their Polymer Drum manufacturing units is 20,612 MTPA.  
  • The total installed capacity of their IBC manufacturing unit is 12,820 MTPA and the total installed capacity of their MS Drums unit is 6,200 MTPA. 
  • The company has obtained UN certification for IBC and MS Drums to meet safety levels outlined by United Nations Recommendations on the Transport of Dangerous Goods, in order to transport them safely (by road, rail, sea and air).  
  • Their manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health and safety management systems. 
Read More

Strengths

  • Diverse customer base
  • Comprehensive product portfolio
  • Strategic location of the manufacturing units
  • Quality Standard Certifications & Quality Tests
  • Experienced Promoters and senior management team 
  • Continued focus on Intermediate Bulk Containers (IBC) by expanding the existing facilities;
  • Continued focus on Polymer Drums and Mild Steel (MS) drums;
  • Explore organic growth opportunities to increase capacity and business;
  • Exploit industry opportunities arising out of the current geo-political situation and government policies.

Company Promoters

Bijaykumar Agarwal is the Promoter, Managing Director & Chairman of the company. Jaiprakash Agarwal is the Promoter, Whole-time Director & Chief Financial Officer of the company. Madhu Agarwal is the Promoter, Whole-time Director of the company. Vandana Agarwal is an Independent Director of the company. Sunil Yadav is an Independent Director of the company. Venugopal Rao Kudipudi is an Independent Director of the company. Jaiprakash Agarwal is the Whole-time Director and Chief Financial Of

Company Financials

Company Financials

Pyramid Technoplast IPO Financial Information (Restated)
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

Amount in ? Crore

Objects of the Issue

  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.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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