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Pyramid Technoplast Limited IPO

Published : August 16, 2023

Pyramid Technoplast Limited IPO

Pyramid Technoplast Limited IPO (About Company)

Pyramid Technoplast Limited, founded in 1997, holds a significant position as a producer of molded products made from polymers, with a primary focus on polymer drums. These drums serve a wide range of uses in packaging for industries such as chemicals, agrochemicals, specialty chemicals, and pharmaceuticals.

Pyramid Technoplast Limited IPO
Pyramid Technoplast Limited

The company’s offerings include polymer-based drums for bulk packaging, Intermediate Bulk Containers (IBC), and MS Drums. These containers play a crucial role in the safe packaging and conveyance of chemicals, agrochemicals, and specialty chemicals.

Commencing its commercial operations in 1998, Pyramid Technoplast operates from six manufacturing units. Notably, four units are strategically located in Bharuch, GIDC, Gujarat, while the remaining two are positioned in Silvassa, UT of Dadra and Nagar Haveli. These facilities boast a collective installed capacity of 20,612 MTPA for Polymer Drum manufacturing, 12,820 MTPA for IBC production, and 6,200 MTPA for MS Drums. Moreover, the company is actively constructing its seventh manufacturing unit, slated for Bharuch, GIDC, Gujarat.

An important testament to the company’s dedication to safety is its attainment of UN certification, aligning with the United Nations Recommendation for IBC and MS Drums. Furthermore, Pyramid Technoplast’s manufacturing units are proudly certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. These certifications encompass quality, environmental, health, and safety management systems, validating the company’s proficiency in producing Polymer Drums, carboys, jerry cans, IBC & MS Drums, and related accessories. Complementing this achievement, the company’s MS Drums conform to the high-quality standards established by IS 1783:2014 (Part 1 and 2) as stipulated by the Bureau of Indian Standards.

IPO Objectives

  1. Repaying/Prepaying part/all outstanding borrowings.
  2. Funding working capital requirements of the company.
  3. General corporate purposes.

Pyramid Technoplast IPO Details

IPO Opening DateAugust 18, 2023
IPO Closing DateAugust 22, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per share
IPO Price₹151 to ₹166 per share
Market Lot90 Shares
Listing AtBSE, NSE
Total Issue Size(aggregating up to 153.05 Cr)
IPO Details

IPO Promoter Holding

The company’s promoters include Bijaykumar Agarwal, Jaiprakash Agarwal, Pushpa Devi Agarwal, Madhu Agarwal, Yash Synthetics Private Limited, and Credence Financial Consultancy LLP.

Pre Issue Share Holding100.00%
Post Issue Share Holding74.94%
Pyramid Technoplast IPO Promoter Holding

Company Financial Information (Reiterated)

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets153.46 crore183.76 crore225.78 crore
Revenue316.18 crore402.64 crore482.03 crore
Profit After Tax16.99 crore26.15 crore31.76 crore
Net Worth48.85 crore75.20 crore107.25 crore
Reserves and Surplus44.94 crore71.29 crore75.97 crore
Total Borrowing51.30 crore64.77 crore55.34 crore
Financial Information

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Lead Managers

  1. Pnb Investment Services Ltd
  2. First Overseas Capital Limited

Contact Information

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/

Pyramid Technoplast IPO Prospectus



How to Apply ? 

Vishnu Prakash R Punglia Limited IPO (VPRP IPO)

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