Pyramid Technoplast’s IPO aims to raise INR 153.05 crores. The IPO has two segments- fresh issue worth INR 91.30 crores and offer for sale worth INR 61.75 crores. The IPO’s main objective is to prepay or repay a portion of the company’s outstanding borrowings and to meet future working capital requirements.
Pyramid Technoplast Limited IPO – Important Details
| Pyramid Technoplast IPO Date | 18th August 2023 to 22nd August 2023 |
| Pyramid Technoplast IPO Listing Date | 30th August 2023 |
| Pyramid Technoplast IPO Price | INR 151-166 per share |
| Pyramid Technoplast IPO Lot Size | 90 shares |
| Pyramid Technoplast IPO Total Issue Size | Approx 153.05 crores |
| Pyramid Technoplast IPO Basis of Allotment | 25th August 2023 |
| Pyramid Technoplast IPO Initiation of Refunds | 28th August 2023 |
| Pyramid Technoplast IPO Credit of Shares to Demat | 29th August 2023 |
| Pyramid Technoplast IPO Issue Type | Book Built Issue IPO |
| Pyramid Technoplast IPO Listing At | BSE, NSE |
Pyramid Technoplast Limited IPO – Company Profile
The company is an industrial packaging company engaged in the business of manufacturing polymer based molded products mainly used in chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements.
They offer complete bulk industrial packaging solutions to their clients since the company manufactures both polymer based bulk packaging drums and IBC, as well as MS Drums for packaging.
The company started commercial production in 1998 with one unit. Presently, the company operates with six manufacturing units.
The promoters of the company Mr.Bijaykumar Agarwal and Jaiprakash Agarwal have a cumulative experience of more than 4 decades in this industry.
Pyramid Technoplast Limited IPO Objective
The key objective behind Pyramid Technoplast’s IPO is to support the company’s robust growth plans. With the capital raised, the company aims to:
- Repayment or pre-payment of certain secured borrowing: The company had entered into various financing arrangements which includes working capital facilities, term loans, vehicle loans and unsecured loans. Out of the said arrangement, INR 93.27 crores is outstanding as on 31st July 2023 and the company intends to use the raised funds to the extent of INR 40 crores to repay the borrowing.
- Funding working-capital requirement: As the business of the company is working capital intensive and they fund a majority of their working capital requirements in the ordinary course of business from banks, financial institutions and internal accruals.
- General corporate purpose: The company plans to deploy the balance funds towards general corporate purpose which is not limited to meeting expenses incurred in ordinary course of business such as strategic initiatives including advancement of information technology, meeting future branch and business expansion,etc.
Pyramid Technoplast Limited IPO Risks And Challenges
Investing in IPOs comes with its own set of risks and challenges. For Pyramid Technoplast, these are some of the major risks and challenges:
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- Disruptions in manufacturing units: The company’s business is dependent on manufacturing units which are situated in Gujarat and Union territory of Dadra & Nagar Haveli. Any shutdown of operations or changes in the political and economic changes in these areas will have an adverse impact on the business of the company.
- Substantial portion of the revenue comes from few segments: The company is a packaging solutions provider engaged in the business of manufacturing polymer based molded products like Polymer Drums, IBC, carboys, jerry cans, plastic accessories and Metal Drums required by industries like chemicals, agrochemicals, and pharmaceuticals for their bulk packaging requirements. But almost 83% of the revenue comes from polymer drums and IBC products alone.
Pyramid Technoplast Limited IPO Peer Comparison
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Pyramid Technoplast Limited | 48,202.74 | 10 | NA | 10.24 | 10.24 | 29.61% | 34.28 |
| Time Technoplast Limited | 4,29,319.00 | 1 | 14.16 | 9.69 | 9.64 | 9.61% | 102.92 |
| TPL Plastech Limited | 27,184.24 | 2 | 20.50 | 2.06 | 2.06 | 13.89% | 14.79 |
| Mold-Tek Packaging Limited | 73,130.11 | 5 | 41.10 | 24.40 | 24.37 | 14.40% | 168.46 |
Pyramid Technoplast Limited IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 31,350.19 | 40,041.57 | 48,002.51 |
| Equity (₹ in lakhs) | 4,884.60 | 7,520.36 | 10,725.02 |
| Expenses (₹ in lakhs) | 29,329.75 | 36,748.37 | 43,917.76 |
| Profit and Loss After Tax (₹ in lakhs) | 1,699.24 | 2,614.61 | 3,176.07 |
| RoNW (%) | 34.79 | 34.77 | 29.61 |
| Diluted EPS only (₹) | 5.41 | 8.43 | 10.24 |
| NAV per Equity Share (₹) | NA | NA | 34.28 |
| Total Assets (in lakhs) | 15,345.55 | 18,375.61 | 22,578.14 |
| Total Liabilities (in lakhs) | 10,460.95 | 10,855.25 | 11,853.12 |
Pyramid Technoplast Limited IPO – Industry & Market Potential
Plastic molding is the process of pouring liquid plastic into a container or mold and allowing it to harden into the desired shape. These plastic molds can then be used for a variety of applications. Plastic molding industry is estimated to have a CAGR of 6.84% from 2022-2030.
An intermediate bulk containers (IBC) are known to be reusable industrial containers which are extensively utilized for the handling, storage and transportation of variable states of products including, pastes, liquids and solids. These containers are named as intermediate as they are relatively larger than drum and comparatively smaller than tanks.The sector is developing at a CAGR of 22% to 25%, according to the Packaging Industry Association of India (PIAI).
Pyramid Technoplast Limited IPO – Type of Offer
Pyramid Technoplast’s IPO combines a fresh issue and an offer for sale (OFS).
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 91.30 Crore. This fund will be used to repay some of the company’s outstanding debts and meet the future working capital requirement.
- Offer For Sale (OFS): Existing shareholders, including promoters and early investors, will sell a portion of their stake in the company, intending to raise INR 61.75 Crore.
Therefore, the total money expected to be raised through this IPO is INR 153.05 Crore.
Pyramid Technoplast Limited IPO Offer Size
Pyramid Technoplast’s IPO aims to raise INR 153.05 crores. The IPO has two segments- fresh issue worth INR 91.30 crores and offer for sale worth INR 61.75 crores. The IPO’s main objective is to prepay or repay a portion of the company’s outstanding borrowings and to meet future working capital requirements.
Pyramid Technoplast Limited IPO Allotment Structure
The IPO allotment structure for Pyramid Technoplast is planned as follows:
- Qualified Institutional Buyers (QIB): As per SEBI regulations, 30% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
- Non-Institutional Investors (NII): 20% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lahks.
- Retail Individual Investors (RII): The remaining 50% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lahks.
How to apply for a Pyramid Technoplast Limited IPO ?
To apply for the Pyramid Technoplast IPO through Alice Blue, you would typically follow these steps:
- Click the link to log in to the IPO console.
- Select the IPO you wish to apply for from the list of open issues.
- Once you have selected your preferred IPO, you can view all the details such as the issue open date, closing date, issue size, price, market lots, etc.
- Enter the UPI ID linked to your personal bank account. The application may be subject to rejection if the applicant’s identity differs from the individual linked to the bank account used for the application.
- When placing bids, only quantities that are multiples of the lot size are allowed. If you want to apply at the cut-off price, simply click the text box next to the ‘cut-off’ price. If you wish to place a bid at a different price, enter the desired price in the ‘Price’ field.
- After completing all the steps, read the declaration and click ‘Submit’.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Pyramid Technoplast IPO Allotment Status on Alice Blue?
To verify the IPO allotment status for your PAN number: Once your allotment is confirmed, you will receive a confirmation email from the respective RTA. Simultaneously, you will also receive an email confirmation from Alice Blue if you applied for the IPO through the Alice Blue portal.
Visit the Link Intime page to determine the status of the allotted IPO.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Keventers Agro Limited IPO:
- Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Keventers Agro Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- NSE and BSE: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Pyramid Technoplast Limited IPO Offer Registrar
The registrar for the Pyramid Technoplast IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400 093, Maharashtra, India
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Pyramid Technoplast Limited IPO FAQs
What is the allotment date of the Pyramid Technoplast Limited IPO ?
The allotment date of the Pyramid Technoplast Limited IPO is 25th August 2023.
What is the price band of Pyramid Technoplast Limited IPO ?
The price band of Pyramid Technoplast Limited IPO is INR 151 to 166 per share
What is the size of the Pyramid Technoplast Limited IPO ?
Pyramid Technoplast’s IPO aims to raise INR 153.05 crores. The IPO has two segments- fresh issue worth INR 91.30 crores and offer for sale worth INR 61.75 crores. The IPO’s main objective is to prepay or repay a portion of the company’s outstanding borrowings and to meet future working capital requirements.
What is the listing date of the Pyramid Technoplast Limited IPO ?
The listing date of the Pyramid Technoplast Limited IPO is 30th August 2023.