Pyramid Technoplast Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹166
Per ShareLot Size
90 Shares
Minimum Investment
₹14,940
Issue Size
₹139.22 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
50%
QIB Quota
30%
NII Quota
20%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Pyramid Technoplast Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.91%
Issue Type
Book Building
ISIN
INE0MIS01010
About the Company
Pyramid Technoplast Limited 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. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC. It also manufactures MS drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and speciality chemicals.
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 years old, the Indian population is significantly younger than that of 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 makes up 5% of the population in 2020, is predicted to steadily expand to represent 40% of all consumption in India by 2025.
Company History
The Company was originally incorporated as `Pyramid Technoplast Private Limited' a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated December 30, 1997, issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Subsequently, the name of the Company was changed to `Pyramid Technoplast Limited' upon conversion into public company, pursuant to shareholder's resolution dated February 10, 2023. and a fresh certificate of incorporation consequent to conversion was issued on March 29, 2023 by the Registrar of Companies, Mumbai.
Products & Services
- The Company is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums)
Growth Strategy
- Continued focus on Intermediate Bulk Containers (IBC) by expanding its 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.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 92,20,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Pyramid Technoplast Limited ("The Company" or the "Issuer") for cash at a price of Rs. 166 per equity share (including a premium of Rs. 156 per equity share) ("Offer Price") aggregating up to Rs. 153.05 crores. The offer comprises fresh issue of up to 55,00,000 equity shares aggregating up to Rs. 91.30 crores ("Fresh Issue") and an offer for sale of up to 37,20,000 equity shares by the company selling shareholder aggregating up to Rs. 61.75 crores (the "Selling Shareholder") (the "Offer for Sale", and together with the fresh issue, the "Offer"). The offer will constitute 25.06% of the compant post-offer paid-up equity share capital of the company. Offer Price: Rs.166 per equity share of face value of Rs.10 each. The Offer Price is 16.6 times of the face value The minimum bid lot is 90 equity shares and in multiples of 90 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diverse customer base.
- Comprehensive product portfolio.
- Strategic location of its manufacturing units.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoters and senior management team.
- Substantial portion of its revenues come from the manufacturing of polymer based molded industrial packaging products like IBC and Polymer Drums.
- Any change in government policies or quality norms by its customers for molded industrial packaging, which the company may not be able to adhere to, may affect its business growth, operations and financials.
- The company customers expect it to maintain high quality standards and any failure by the company to comply with such quality standards may have an adverse effect on demand from end customers and on its reputation, business, results of operations and financial condition.
- The company may lose clients and their business if its products are not able to meet durability and other industry standards.
- The Company has not entered into any long-term agreements with its customers for purchasing the company products. Its subject to uncertainties in demand and there is no assurance that the company customers will continue to purchase its products. This could impact the business and financial performance of the Company.