Pyramid Technoplast Limited IPO Review – GMP, Details & More

Pyramid Technoplast IPO Review: Pyramid Technoplast Limited, is coming up with its Initial Public Offering. The IPO will open for subscription on August 18, 2023, and close on August 22, 2023.

In this article, we will look at the Pyramid Technoplast IPO Review 2023 and analyze its strengths and weaknesses. Keep reading to find out!

Pyramid Technoplast IPO – About The Company

Pyramid Technoplast Limited was established in 1997 to manufacture polymer-based molded products (polymer drums) primarily used for the packaging needs of chemical, agrochemical, specialty chemical and pharmaceutical companies.

company manufactures polymer-based bulk and intermediate bulk containers (IBC) and packaging MS drums used in the packaging and transportation of chemicals, pesticides and specialty chemicals. Pyramid Technoplast started his commercial production in 1998 and currently has six manufacturing facilities, of which his four are located in Bharuch, GIDC, Gujarat and two are located in Silvassa, Dadra and Nagar Haveli, Utah.                       

 The company has a polymer drum production unit with a total installed capacity of 20,612 MTPA, an IBC production unit with a total installed capacity of 12,820 MTPA, and an MS drum unit with a total installed capacity of 6,200 MTPA. The company is currently in the process of building its seventh manufacturing unit located in Bharuch, GIDC, Gujarat

 

Pyramid Technoplast IPO Review – About The Industry

The global market for plastic drums was valued at US$ 2,223 million in 2017. The global plastic drums market is forecast to expand at CAGR of 5.0%. Plastic drums are used for transportation and storage of industrial products which requires an appropriate handling of the filling product. Plastic drums can be made up of high-density polyethylene or polypropylene. However, polyethylene is majorly used for manufacturing plastic drums. Food grade and UN-certified plastic drums are used for food & beverages and hazardous chemicals industries.

Plastic drums are stacked on pallets and can be efficiently handled during shipment. Plastic drums hold an appropriate share in the intermediate bulk containers market. These drums can be re-used nearly 30 times with repeated reconditioning. Demand for petrochemicals in the developing regions such as the Asia Pacific and Latin America is boosting the plastic drums market. Plastic drums are specifically designed with handles and some of them have strong closures for better handling and protection of the filling products

 

Pyramid Technoplast IPO – Financials

 

Period Ended 31 Mar 2021 31 Mar 2022 31 Mar 2023
Assets 153.46 183.76 225.78
Revenue 316.18 402.64 482.03
Profit After Tax 16.99 26.15 31.76
Net Worth 48.85 75.20 107.25
Reserves and Surplus 44.94 71.29 75.97
Total Borrowing 51.30 64.77 55.34

 

Pyramid Technoplast IPO Lot Size

The minimum lot size of this Pyramid Technoplast IPO is 90 shares required is ₹14,940.

Application Lots Shares Amount
Retail (Min) 1 90 ₹14,940
Retail (Max) 13 1170 ₹194,220
S-HNI (Min) 14 1,260 ₹209,160
S-HNI (Max) 66 5,940 ₹986,040
B-HNI (Min) 67 6,030 ₹1,000,980

 

Pyramid Technoplast key Strengths
 

Experienced promoters /Leadership team –Promoters have vast knowledge and experience in same industry Professional team having expertise and vision.

Strategic locations of Manufacturing units- 6 manufacturing units out of which 4 are in Bharuch and 2 are situated at Silvassa.7 th unit under construction at the Bharuch. The total installed capacity of: Polymer Drum – 18,837 MTPA.IBC – 3,240 MTPA MS Drums – 3,600 MTPA. Owns 47 trucks ensuring timely  delivery of products toits customers.

Quality standard certification and quality tests – Products undergo strict quality test to meet industry standards.Different test ensures the safety, durability and eco friendly.Quality standard certifications & Quality Tests meets UN Recommendations on the transport of Dangerous Goods.

 

Pyramid Technoplast IPO Review – Key IPO Information

IPO Date Aug 18, 2023 to Aug 22, 2023
Listing Date [.]
Face Value ₹10 per share
Price ₹151 to ₹166 per share
Lot Size 90 Shares
Total Issue Size 9,220,000 shares
(aggregating up to ₹153.05 Cr)
Fresh Issue 5,500,000 shares
(aggregating up to ₹91.30 Cr)
Offer for Sale 3,720,000 shares of ₹10
(aggregating up to ₹61.75 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 31,284,800
Share holding post issue 36,784,800
Pyramid Technoplast  IPO – GMP TODAY

as per now gmp is 25-30 rs

 

for more details about ipo you can refer to https://www.nseindia.com/market-data/all-upcoming-issues-ipo

also readBondada Engineering IPO review , size, price ,gmp , Allotment

 

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