Pyramid Technoplast IPO Details
Issue Date
--
Price Range
₹166
Lot Size
90
IPO Size
₹153.05 Cr
Pyramid Technoplast IPO Listing Details
Listing On
29 Aug'23
Issue Price
--
Listed Price
₹ 187
Retail Gain/Listing Gain
▲12.65%
Schedule of Pyramid Technoplast IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
29/08/2023
Company Background
Pyramid Technoplast Ltd. is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements.
The company is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India, manufacturing IBCs with a capacity of 1,000 litres (Source: Marketysers Report). IBCs are heavy-duty containers designed for efficiently handling, transporting, and storing liquids, semi-solids, pastes, or solids.
Pyramid Technoplast has also obtained UN certification for IBC and MS Drums to meet safety levels outlined by United Nations Recommendations on the Transport of Dangerous Goods, in order to transport them safely by road, rail, sea and air.
With that, let's take a look at the competitive strengths and risk factors for Pyramid Technoplast Ltd:
Competitive Strengths
Diverse customer base
Comprehensive product portfolio
Quality Standard Certifications & Quality Tests
Risk Factors
- The implementation of proposed expansion plans is crucial in avoiding adverse financial conditions.
- Any change in government policies or quality norms will negatively affect operations.
- Unsecured loans of ₹205.39 Lakh can be recalled by lenders at any time.
Key Strategies
- Expanding existing facilities.
- Explore organic growth opportunities to increase capacity and business.
- Exploit industry opportunities arising out of the current geopolitical situation and government policies.
Pyramid Technoplast Ltd
Here are the key financials for Pyramid Technoplast Ltd.
How to apply for IPO through ASBA
Kotak Neo
•00m 58 s
Pyramid Technoplast IPO FAQs
The Pyramid Technoplast IPO opens for subscription from [-] to [-], with a total issue size of ₹153.05 Cr. The IPO price band is ₹166 to ₹0 per share with a lot size of 90. The company aims to list the shares on BSE & NSE on 29-08-2023.
The Pyramid Technoplast IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Pyramid Technoplast IPO is 90 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Pyramid Technoplast IPO has been fixed at ₹166 to ₹0 per equity share.
You can apply for the Pyramid Technoplast IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Pyramid Technoplast IPO allotment will take place on [-].
You can check the Pyramid Technoplast IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Pyramid Technoplast shares will list on the stock exchanges on 29-08-2023.
The Pyramid Technoplast Limited IPO has an issue size of Rs. 153.05 crores. The IPO opens for subscription on 18th August and ends on 22nd August 2023.
Bigshare Services Private Limited is the registrar for this IPO.
You can read more about Pyramid Technoplast Limited and its IPO from the company’s red herring prospectus (RHP) here:
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