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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹153.05 Cr |
| Fresh Issue | ₹91.30 Cr |
| Offer for Sale | ₹61.75 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹151.00-166.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543969 |
| NSE Code | PYRAMID |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | PNB Investment Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 90 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company | 40.00 |
| 2 | Funding working capital requirements of the Company | 40.21 |
| 3 | General corporate purposes | 5.09 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 225.78 | 183.76 | 153.46 |
| Total Income | 482.03 | 402.64 | 316.18 |
| Profit After Tax | 31.76 | 26.15 | 16.99 |
| NET Worth | 107.25 | 75.20 | 48.85 |
| Reserves and Surplus | 75.97 | 71.29 | 44.94 |
| Total Borrowing | 55.34 | 64.77 | 51.30 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 29.61% |
| ROCE | 21.37% |
| RoNW | 29.61% |
| PAT Margin | 6.62% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.24 | |
| P/E (x) | 16.21 | |
| Promoter Holding | 100.00% | 74.94% |
| Market Cap | ₹611.00 Cr. | |
