Bookbuilding IPO | ₹153 Cr | Listed at BSE, NSE | Fri, Aug 18, 2023 - Tue, Aug 22, 2023
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 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹14,940 (90 shares) (based on upper price). 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 Open
Fri, Aug 18, 2023
IPO Close
Tue, Aug 22, 2023
Issue Price
₹166 per share
Market Cap (Pre-IPO)
₹611.00 Cr
| IPO Date | 18 to 22 Aug, 2023 |
| Listed on | Tue, Aug 29, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹151 to ₹166 |
| Issue Price | ₹166 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 92,20,000 shares (agg. up to ₹153 Cr) |
| Fresh Issue | 55,00,000 shares (agg. up to ₹91 Cr) |
| Offer for Sale | 37,20,000 shares of ₹10 (agg. up to ₹62 Cr) |
| Share Holding Post Issue | 3,67,84,800 shares |
| BSE Script Code / NSE Symbol | 543969 / PYRAMID |
| ISIN | INE0MIS01010 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| 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 |
Pyramid Technoplast IPO raises ₹27.55 crore from anchor investors. Pyramid Technoplast IPO Anchor bid date is August 17, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Aug 17, 2023 |
| Shares Offered | 16,59,600 |
| Anchor Portion (₹ Cr.) | 27.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 24, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 23, 2023 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 225.78 | 183.76 | 153.46 |
| Total Income | 482.03 | 402.64 | 316.18 |
| Profit After Tax | 31.76 | 26.15 | 16.99 |
| NET Worth | 107.25 | 75.20 | 48.85 |
| Reserves and Surplus | 75.97 | 71.29 | 44.94 |
| Total Borrowing | 55.34 | 64.77 | 51.30 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company | 40.00 |
| 2 | Funding working capital requirements of the Company | 40.21 |
| 3 | General corporate purposes | 5.09 |
| KPI | |
|---|---|
| ROE | 29.61% |
| ROCE | 21.37% |
| RoNW | 29.61% |
| PAT Margin | 6.62% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.24 | |
| P/E (x) | 16.21 | |
| Promoter Holding | 100.00% | 74.94% |
| Market Cap | ₹611.00 Cr. |
The Pyramid Technoplast IPO is subscribed 18.29 times on August 22, 2023 7:02:00 PM (Day 3). The public issue subscribed 14.72 times in the retail category, 9.94 times in the QIB category, and 32.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.94 | 11,06,400 | 1,10,01,330 |
| NII | 32.24 | 18,44,000 | 5,94,41,400 |
| bNII (bids above ₹10L) | 33.81 | 12,29,333 | 4,15,59,750 |
| sNII (bids below ₹10L) | 29.09 | 6,14,667 | 1,78,81,650 |
| Retail | 14.72 | 46,10,000 | 6,78,43,710 |
| Total | 18.29 | 75,60,400 | 13,82,86,440 |
Total Application : 7,31,756
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs/Advisors to the Company fees and commissions (including underwriting commission, brokerage and selling commission, as applicable) | 5.38 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.34 |
| 3 | Fees payable to the Registrar to the Offer including allotment, credit of shares and listing related expenses | 0.55 |
| 4 | Fees payable to the Industry data provider, Statutory Auditors and other certification expenses | 0.20 |
| 5 | Listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 0.60 |
| 6 | Printing and stationery | 0.42 |
| 7 | Advertising and marketing expenses | 0.78 |
| 8 | - Fee payable to legal counsel | 0.50 |
| 9 | Fee payable to monitoring agency | 0.02 |
| 10 | Miscellaneous | 0.08 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹166.00 | ₹166.00 |
| Open | ₹185.00 | ₹187.00 |
| Low | ₹175.75 | ₹177.65 |
| High | ₹188.00 | ₹188.00 |
| Last Trade | ₹175.75 | ₹177.65 |
Lead Manager Reports
Pyramid Technoplast IPO is a main-board IPO of 92,20,000 equity shares of the face value of ₹10 aggregating up to ₹153 Crores. The issue is priced at ₹166 per share. The minimum order quantity is 90.
The IPO opens on Fri, Aug 18, 2023, and closes on Tue, Aug 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 Fri, Aug 18, 2023 and closes on Tue, Aug 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 Tue, Aug 29, 2023. Check the Pyramid Technoplast IPO allotment status.
The Pyramid Technoplast IPO listing date is on Tue, Aug 29, 2023.
