Pyramid Technoplast IPO Review

 
Pyramid Technoplast IPO Review

IPO Open Date: August 18, 2023

IPO Close Date: August 22, 2023

IPO Price: ₹151 to ₹166 per share

Lot Size: 90 Shares

Listing: August 29, 2023

Pyramid Technoplast IPO Review

Pyramid Technoplast IPO Details: Pyramid Technoplast Ltd. IPO is scheduled to hit the market on AUGUST 18 and close on AUGUST 22. Pyramid Technoplast plans to raise around ₹ … through an IPO with a sale of up to 9,220,000 equity shares of ₹10 each. The retail quota is 50%, QIB is 30%, and HNI is 20%.

Founded in 1997, Pyramid Technoplast Limited stands as a pioneering force in the manufacturing of polymer-based molded products, particularly renowned for its Polymer Drums. These cutting-edge solutions cater prominently to packaging needs within the chemical, agrochemical, specialty chemical, and pharmaceutical sectors.

The core expertise lies in the fabrication of polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC). Additionally, they extend their proficiency to crafting MS Drums, essential for safeguarding and transporting chemicals, agrochemicals, and specialty chemicals. Pyramid Technoplast embarked on its commercial journey in 1998, and today, they operate from six advanced manufacturing units. Four of these units are strategically situated in Bharuch, GIDC, Gujarat, while the remaining two find their home in Silvassa, UT of Dadra and Nagar Haveli.

Pyramid Technoplast IPO Details

Pyramid Technoplast IPO opens on Aug 18, 2023, and closes on Aug 22, 2023. The Listing date for Pyramid Technoplast IPO is on Aug 30, 2023. The price band for IPO is ₹151 to ₹166 per share and lot size of 90 Shares.

IPO DateAug 18, 2023 to Aug 22, 2023
Listing DateWednesday, 30 August 2023
Price₹151 to ₹166 per share
Lot Size90 Shares
Issue Size 9,220,000 shares
Face Value₹10 per share

Pyramid Technoplast IPO Tentative Timetable

Pyramid Technoplast opening date is Aug 18, 2023 and close date is Aug 22, 2023 . The IPO allotment date is Aug 25, 2023. The refund initiation of IPO is on Aug 28, 2023. The credit of shares in demat account is on Aug 29, 2023. The listing date is on Aug 30, 2023.

EventDate
IPO OpeningAug 18, 2023
IPO ClosingAug 22, 2023
IPO Allotment DateAug 25, 2023
Refund InitiationAug 28, 2023
Shares Credit to DematAug 29, 2023
Lisiting DateAug 30, 2023

Pyramid Technoplast IPO Lot Size

Lot Size of this IPO is 90 shares. A retail-individual investor can apply for up to 13 lots.

CategoryLotsSharesAmount
Retail(Minimum)190₹14,940
Retail(Maximum)131170₹194,220
S-HNI (Minimum)141,260₹209,160
B-HNI (Minimum)67 6,030 ₹1,000,980

Pyramid Technoplast IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding74.94%

Pyramid Technoplast IPO Review

Pyramid Technoplast Ltd. is all set to make its market debut with an upcoming IPO scheduled to open on August 18 and conclude on August 22. The company aims to raise funds of around ₹… through the issuance of up to 9,220,000 equity shares, each with a face value of ₹10. As the retail quota is set at 50%, QIB at 30%, and HNI at 20%, this IPO presents an interesting investment opportunity across different investor categories.

With its inception dating back to 1997, Pyramid Technoplast Limited has earned its reputation as a pioneering player in the field of polymer-based molded products, with a spotlight on its innovative Polymer Drums. These cutting-edge solutions are particularly designed to address packaging requirements within the chemical, agrochemical, specialty chemical, and pharmaceutical sectors. Leveraging its expertise in manufacturing polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC), the company has also ventured into crafting MS Drums, catering to the protection and transportation needs of various chemicals. Operating from strategically located manufacturing units in Gujarat and Dadra and Nagar Haveli, Pyramid Technoplast has honed its capabilities over the years.

The Pyramid Technoplast IPO, with an opening price range of ₹151 to ₹166 per share, and a lot size of 90 shares, is an opportunity worth considering. As the company is set to list on August 30, it will be interesting to observe how investors respond to its unique offerings and financial performance in the ever-evolving market landscape.

Pyramid Technoplast IPO – Company Financials

Profit & Loss

PARTICULARSMAR 2020MAR 2021MAR 2022MAR 2023
Net Sales 259.27313.50400.42480.03
Total Expenditure 241.48283.68358.21430.20
Operating Profit 17.7929.8242.2049.82
Other Income 0.872.672.232.01
Interest 7.085.224.854.05
Depreciation 3.684.394.424.93
Exceptional Items 00.010-0.04
Profit Before Tax 7.9022.8935.1642.81
Provision for Tax2.355.909.0111.05
Net Profit 5.5516.9926.1531.76
Adjusted EPS (Rs.) 0.180.540.841.02

Pyramid Technoplast IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Pyramid Technoplast IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

Pyramid Technoplast IPO FAQs

What is Pyramid Technoplast IPO?

Pyramid Technoplast is issuing 9,220,000 equity shares with a face value of ₹10 each, totaling up to ₹153.05Cr. The shares are being offered at a price of ₹151 to ₹166 each, with a minimum order quantity of 90 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Pyramid Technoplast IPO will open?

Pyramid Technoplast will open on August 18, 2023 for QIB, NII, and Retail Investors.

When Pyramid Technoplast IPO will end?

Pyramid Technoplast will end on August 22, 2023.

What is Pyramid Technoplast IPO Size?

Pyramid Technoplast IPO size is ₹153.05 crores.

What is Pyramid Technoplast IPO Price Band?

Pyramid Technoplast price band is ₹151 to ₹166.

What is the Pyramid Technoplast IPO Allotment Date?

Pyramid Technoplast allotment date is 25 August 2023.

What is the Pyramid Technoplast IPO Listing Date?

Pyramid Technoplast listing date is 30 August 2023. The IPO is to be listed on BSE and NSE.

How to Apply Pyramid Technoplast IPO through Zerodha?

To apply for the IPO “Pyramid Technoplast” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Pyramid Technoplast IPO through Upstox?

To apply for the IPO “Pyramid Technoplast” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Pyramid Technoplast IPO Allotment Status?

For Pyramid Technoplast IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Pyramid Technoplast IPO GMP?

You can check out here: Pyramid Technoplast IPO GMP

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