Pyramid Technoplast was established on December 30, 1997. The company operates in the industrial packaging sector and specializes in manufacturing polymer-based molded products, primarily known as Polymer Drums. These Polymer Drums serve as essential packaging solutions for various industries, including chemical, agrochemical, specialty chemical, and pharmaceutical companies, meeting their diverse packaging needs
| Bidding Dates |
|---|
| 18 Aug 2023 - 22 Aug 2023 |
| Subscription |
|---|
| 18.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,940 | 1 | 13 | 90 | 9.2 M | ₹151 - ₹166 | 74.94 % | ₹1392.2 M - ₹1530.5 M | RHP DOC |
Pyramid Technoplast IPO SUBSCRIPTION STATUS
22 Aug '23Pyramid Technoplast IPO overall subscription rate was 18.29 times the total available shares
Pyramid Technoplast IPO retail subscription rate was 14.72 times in the retail segment
Pyramid Technoplast IPO non-institutional investor subscription rate was 32.24 times in the non-institutional investor category
Pyramid Technoplast IPO Qualified Institutional Bidder subscription rate was 9.94 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 20% | 30% |
22 Aug 2023 (Day 3) | 14.72x | 32.24x | 9.94x |
21 Aug 2023 (Day 2) | 6.52x | 6.73x | 1.49x |
18 Aug 2023 (Day 1) | 1.9x | 1.06x | 1.27x |
Pyramid Technoplast FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 317.6 | 4,800.3 | 389.5 | 166.9 | 10.8% |
| FY22 | 261.5 | 4,004.2 | -60.4 | -108.0 | 11.0% |
| FY21 | 169.9 | 3,135.0 | 83.9 | 14.2 | 10.3% |
Pyramid Technoplast IPO SUBSCRIPTION STATUS DETAILS
Pyramid Technoplast had 9.2 M shares on offer
Pyramid Technoplast IPO offer price was in the range ₹151 - ₹166
Pyramid Technoplast IPO minimum Investment was ₹14940
Pyramid Technoplast IPO issue size was ₹ 1392.2 M - ₹ 1530.5 M
Pyramid Technoplast had a minimum lot size of 90 Shares per application
Pyramid Technoplast NUMBER OF SHARES ON OFFER
Pyramid Technoplast IPO IMPORTANT DATES
| Issue Open Date | 18 Aug 2023 |
| Issue close Date | 22 Aug 2023 |
| Allotment Date | 25 Aug 2023 |
| Refund Date | 28 Aug 2023 |
| Demat Account Credit Date | 29 Aug 2023 |
| Listing Date | 29 Aug 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Pyramid Technoplast Allotment Status | Exchange |
Pyramid Technoplast IPO subscription opened on 18 Aug 2023, and closed on 22 Aug 2023
IPO allotment for Pyramid Technoplast was finalized on Friday, 25 Aug 2023
IPO listing for Pyramid Technoplast was on NSE and BSE on Tuesday, 29 Aug 2023
Pyramid Technoplast IPO LISTING GAINS
| Issue Price (adjusted) | 166.0 |
| Listing Open Price | 185.0 |
| Listing Close Price | 175.8 |
| Listing Gain% | 11.4% |
| Current Gain% | 5.6% |
Pyramid Technoplast Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pyramid Technoplast Ltd. | 175.4 | 645 | 22.4 | 2.8 | 0.9 | 10.4 | 5.5 | 683.8 | 14.9 | 28.8 | 8 | 7.8 | 8 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Pyramid Technoplast INFORMATION ON IPO ISSUE
About Pyramid Technoplast
Pyramid Technoplast was established on December 30, 1997. The company operates in the industrial packaging sector and specializes in manufacturing polymer-based molded products, primarily known as Polymer Drums. These Polymer Drums serve as essential packaging solutions for various industries, including chemical, agrochemical, specialty chemical, and pharmaceutical companies, meeting their diverse packaging needs
Object of the Issue
- Repayment and/or prepayment, in full or part, of certain outstanding borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Pyramid Technoplast - PROMOTERS
| Name |
|---|
| Bijaykumar Agarwal |
| Jaiprakash Agarwal |
| Yash Synthetics Private Limited |
Pyramid Technoplast Book Running Lead Manager
PNB Investment Services Limited
pyramid.ipo@pnbisl.com
First Overseas Capital Limited
mb@focl.in
Pyramid Technoplast Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Pyramid Technoplast Strengths
Diverse client base
The company serves the bulk packaging needs of a wide range of industries, including chemicals, agrochemicals, pharmaceuticals, lubricants, and edible oil. It achieves this by supplying them with Polymer Drums, IBC (Intermediate Bulk Containers), and MS (Mild Steel) drums
Certifications
The company has acquired UN certification for IBC and MS drums, ensuring compliance with safety standards set by the UN for transporting hazardous materials. Its manufacturing units hold ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, demonstrating their adherence to quality, environmental, health, and safety management systems
Comprehensive product portfolio
The company provides comprehensive solutions for bulk industrial packaging. Its product range in polymer-based packaging includes drums ranging from 20 liters to 250 litres, as well as IBC containers with a capacity of 1,000 litres
Pyramid Technoplast Risks
Contingent liabilities
The company carries contingent liabilities that are not reflected in the restated financial statements. If these liabilities materialize, they could potentially have a negative impact on the company's financial condition
Negative cash flows
The company has a history of negative cash flows in the past, and there is a possibility that such trends could persist in the future. These negative cash flows may have an adverse impact on the business
Dependent on few products
A significant portion of the company's revenue is generated from the manufacturing of polymer-based molded industrial packaging products, including IBC containers and polymer drums
IPO FAQs
This IPO consists of an offer for sale of up to Rs 61.8 crore, of 3,720,000 shares. It also consists of a fresh issue of Rs 91.3 crore.
The promoters of the company are Bijaykumar Agarwal, Jaiprakash Agarwal and Yash Synthetics Private Limited.
The category allocation of qualified institutional buyers is 30.0%, the category allocation of non individual investors or high networth individuals is 20.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 151.0 - 166.0.
The IPO application opens on Aug 18, 2023 and closes on Aug 22, 2023.
The minimum lot size for the IPO is 90. The maximum lot size for the IPO is 1170.
For all category investors, the minimum application amount for this IPO is Rs. 14,940.0, the maximum value for this IPO is Rs 194,220.0.
This IPO will be allotted on Aug 25, 2023.
The refund will be credited to your account on Aug 28, 2023.
The allotted shares will be credited to your demat on Aug 29, 2023.
Pyramid Technoplast Ltd.’s shares listed on the stock exchanges on Aug 29, 2023.