Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Pyramid Technoplast IPO is a book build issue of ₹153.05 crores. The issue is a combination of fresh issue of 0.55 crore shares aggregating to ₹91.30 crores and offer for sale of 0.37 crore shares aggregating to ₹61.75 crores.
Pyramid Technoplast IPO bidding started from Aug 18, 2023 and ended on Aug 22, 2023. The allotment for Pyramid Technoplast IPO was finalized on Aug 25, 2023. The shares got listed on BSE, NSE on Aug 29, 2023.
Pyramid Technoplast IPO price band is set at ₹166.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹13,590 (90 shares). The lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹2,09,160, and for bNII, it is 67 lots (6,030 shares), amounting to ₹10,00,980.
PNB Investment Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Pyramid Technoplast IPO RHP for detailed Information.
| IPO Date | August 18, 2023 to August 22, 2023 |
| Listing Date | August 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹151 to ₹166 per share |
| Issue Price Final | ₹166 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 92,20,000 shares (aggregating up to ₹153.05 Cr) |
| Fresh Issue | 55,00,000 shares (aggregating up to ₹91.30 Cr) |
| Offer for Sale | 37,20,000 shares of ₹10 (aggregating up to ₹61.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 3,67,84,800 shares |
Pyramid Technoplast IPO offers total 92,20,000 shares. Out of which 27,66,000 (30.00%) allocated to QIB, 11,06,400 (12.00%) allocated to QIB, 18,44,000 (20.00%) allocated to NII, 46,10,000 (50.00%) allocated to RII and 16,59,600 (18.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 27,66,000 (30.00%) | NA |
| − Anchor Investor Shares Offered | 16,59,600 (18.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 11,06,400 (12.00%) | NA |
| NII (HNI) Shares Offered | 18,44,000 (20.00%) | NA |
| − bNII > ₹10L | 12,29,333 (13.33%) | 975 |
| − sNII < ₹10L | 6,14,667 (6.67%) | 487 |
| Retail Shares Offered | 46,10,000 (50.00%) | 51,222 |
| Total Shares Offered | 92,20,000 (100.00%) |
Pyramid Technoplast IPO raises ₹27.55 crore from anchor investors. Pyramid Technoplast IPO Anchor bid date is August 17, 2023. Pyramid Technoplast IPO Anchor Investors list
| Bid Date | August 17, 2023 |
| Shares Offered | 16,59,600 |
| Anchor Portion Size (In Cr.) | 27.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 24, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 23, 2023 |
Pyramid Technoplast IPO opens on August 18, 2023, and closes on August 22, 2023.
| IPO Open Date | Fri, Aug 18, 2023 |
| IPO Close Date | Tue, Aug 22, 2023 |
| Tentative Allotment | Fri, Aug 25, 2023 |
| Initiation of Refunds | Mon, Aug 28, 2023 |
| Credit of Shares to Demat | Tue, Aug 29, 2023 |
| Tentative Listing Date | Tue, Aug 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 22, 2023 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,940 |
| Retail (Max) | 13 | 1,170 | ₹1,94,220 |
| S-HNI (Min) | 14 | 1,260 | ₹2,09,160 |
| S-HNI (Max) | 66 | 5,940 | ₹9,86,040 |
| B-HNI (Min) | 67 | 6,030 | ₹10,00,980 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1997, Pyramid Technoplast Limited manufactures polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements.
The company manufactures polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC), as well as MS Drums for packaging used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals.
Pyramid Technoplast started its commercial production in 1998 and now has over 6 manufacturing units out of which four are situated in Bharuch, GIDC, Gujarat, and two are situated at Silvassa, UT of Dadra and Nagar Haveli. The total installed capacity of their Polymer Drum manufacturing units is 20,612 MTPA, the total installed capacity of the IBC manufacturing unit is 12,820 MTPA and the total installed capacity of the MS Drums unit is 6,200 MTPA. The company is in the process of constructing its seventh manufacturing unit which will also be situated in Bharuch, GIDC, Gujarat.
The company has obtained UN certification outlined by United Nations Recommendation for IBC and MS Drums to meet safety levels. The manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health, and safety management systems for the manufacture of Polymer Drums, carboys, jerry cans, IBC & MS Drums and accessories, and their MS Drums meet the quality standards as per IS 1783:2014 (Part 1 and 2) laid down by Bureau of Indian Standards.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 153.46 | 183.76 | 225.78 |
| Total Income | 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 |
The market capitalization of Pyramid Technoplast IPO is ₹611.00 Cr.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is one of the leading industrial packaging company. It manufactures and markets polymer-based moulded products. For the past three fiscals, it posted growth in its top and bottom lines. The company is setting up a 7th plant to expand its capacities. Based on FY23 performance, the issue appears fully priced. However, well-informed investors may park funds for the medium to long-term rewards. Read detail review...
| Listing Date | August 29, 2023 |
| BSE Script Code | 543969 |
| NSE Symbol | PYRAMID |
| ISIN | INE0MIS01010 |
| Final Issue Price | ₹166 per share |
| BSE Listing Group | T |
Pyramid Technoplast Ltd.
Office No.2, 2nd Floor, Shah Trade Centre,
Rani Sati Marg, Near W.E Highway,
Malad (East), Mumbai - 400 097
Malad, Maharashtra
Phone: +91 22 4276 1547
Email: cs@pyramidtechnoplast.com
Website: https://pyramidtechnoplast.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pyramid Technoplast IPO is a main-board IPO of 92,20,000 equity shares of the face value of ₹10 aggregating up to ₹153.05 Crores. The issue is priced at ₹166 per share. The minimum order quantity is 90.
The IPO opens on August 18, 2023, and closes on August 22, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Pyramid Technoplast IPO using UPI as a payment gateway. Zerodha customers can apply in Pyramid Technoplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pyramid Technoplast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pyramid Technoplast IPO opens on August 18, 2023 and closes on August 22, 2023.
Pyramid Technoplast IPO lot size is 90, and the minimum amount required for application is ₹14,940.
You can apply in Pyramid Technoplast IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pyramid Technoplast IPO will be done on Friday, August 25, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 29, 2023. Check the Pyramid Technoplast IPO allotment status.
The Pyramid Technoplast IPO listing date is on Tuesday, August 29, 2023.
Useful Articles
RHP