7 Things to know before PYRAMID TECHNOPLAST IPO




Pyramid Technoplast Limited: Pioneering Polymer-Based Packaging Solutions and Preparing for an IPO

Founding: Established in 1997

  • Expertise: Specializes in polymer-based molded products, particularly Polymer Drums
  • Clients: Serves a wide array of industries including chemicals, agrochemicals, specialty chemicals, and pharmaceuticals.


  • Polymer-based bulk packaging drums
  • Intermediate Bulk Containers (IBC)
  • MS Drums
  • Tailored solutions for packaging and transporting chemicals, agrochemicals, and specialty chemicals.

Manufacturing Network:

  • Started operations in 1998
  • Operates six units: four in Bharuch, GIDC, Gujarat; two in Silvassa, UT of Dadra and Nagar Haveli
  • Expanding with a seventh unit in Bharuch, GIDC, Gujarat.

Capacity Highlights and Growth:

  • Polymer Drum manufacturing: 20,612 MTPA
  • IBC manufacturing: 12,820 MTPA
  • MS Drum manufacturing: 6,200 MTPA
  • Exciting development: Preparing for an IPO to drive growth and expansion.

This company profile demonstrates Pyramid Technoplast Limited’s prominence in delivering innovative polymer-based packaging solutions, catering to a wide spectrum of industries.Read More

Pyramid Technoplast IPO Details

  • Pyramid Technoplast IPO operates as a Book Built Issue.
  • The total issue size of the IPO is Rs 153.05 Crores.
  • Pyramid Technoplast IPO price ranges from ₹151 to ₹166 per share.
  • The IPO is set to be listed on both BSE and NSE.
IPO DateAug 18, 2023 to Aug 22, 2023
Listing DateWednesday, 30 August 2023
Price₹151 to ₹166 per share
Lot Size90 Shares
Total Issue Size9,220,000 shares
(aggregating up to ₹153.05 Cr)
Fresh Issue5,500,000 shares
(aggregating up to ₹91.30 Cr)
Offer for Sale3,720,000 shares of ₹10
(aggregating up to ₹61.75 Cr)

Pyramid Technoplast IPO Timetable (Tentative)

Pyramid Technoplast IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.

IPO Open DateFriday, 18 August 2023
IPO Close DateTuesday, 22 August 2023
Basis of AllotmentFriday, 25 August 2023
Initiation of RefundsMonday, 28 August 2023
Credit of Shares to DematTuesday, 29 August 2023
Listing DateWednesday, 30 August 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 22, 2023

Key Performance Indicator

Pyramid Technoplast IPO Market Cap is Rs 611 Cr and P/E (x) is 16.21.

P/E (x)16.21
Market Cap (₹ Cr.)611
EPS (Rs)10.24

Pyramid Technoplast IPO Lot Size

  • The minimum lot size for Pyramid Technoplast IPO: 90 shares
  • The amount required for a minimum 1 IPO lot: ₹14,940
Retail (Min)190₹14,940
Retail (Max)131170₹194,220
S-HNI (Min)141,260₹209,160
S-HNI (Max)665,940₹986,040
B-HNI (Min)676,030₹1,000,980

Company Financials

Pyramid Technoplast IPO Financial Information (Restated)

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax16.9926.1531.76
Net Worth48.8575.20107.25
Reserves and Surplus44.9471.2975.97
Total Borrowing51.3064.7755.34
amount in Crore

Objects of the Issue

The net proceeds from the IPO issue are earmarked for the following purposes:

  • Repayment and/or pre-payment of specific outstanding borrowings availed by the company.
  • Funding the company’s working capital requirements.
  • Catering to general corporate purposes.

Pyramid Technoplast IPO Review (I would Apply)

The company stands as a prominent player in the industrial packaging sector, specializing in the production and distribution of polymer-based molded products. Demonstrating consistent growth, both in revenue and profits, over the past three fiscal years, it showcases a positive trajectory.

With plans underway to establish a seventh plant for capacity expansion, the company reinforces its commitment to growth. Evaluating the FY23 performance, the issue’s valuation seems comprehensive. Despite this, knowledgeable investors might choose to invest with a perspective on medium to long-term benefits, given the company’s promising outlook.

PYRAMID TECHNOPLAST IPO Subscription Status (Bidding Detail)

As of August 19,2023 the  the Pyramid Technoplast IPO has garnered a subscription rate of:

  • Pyramid Technoplast IPO subscribed 1.63 times.
  • Retail category subscription: 1.95 times.
  • QIB (Qualified Institutional Buyers) category subscription: 1.27 times.
  • NII (Non-Institutional Investors) category subscription: 1.07 times.

GMP(grey market premium)

  • Latest GMP: The Grey Market Premium (GMP) for Pyramid Technoplast’s latest IPO stands around ₹24(+/-), as of the update on August 17th, 2023, at 06:23 PM.
  • Estimated Listing Price: Considering the price band of ₹166.00, the anticipated listing price for the Pyramid Technoplast IPO is projected at ₹190.00 (cap price + today’s GMP).
  • Expected Gain/Loss: This implies an approximate 14.46% gain/loss per share in terms of percentage.
  • Retail Subject to Sauda: For retail investors, the Pyramid Technoplast IPO offers a Retail Subject to Sauda value of ₹1600.
  • Small HNI Subject to Sauda: Small High Net Worth Individuals (HNIs) participating in the Pyramid Technoplast IPO have a subject to Sauda value of ₹22400.

These figures illuminate the ongoing dynamics of the IPO market, providing insights for potential investors to consider in their decision-making process.


The content provided here should not be interpreted as an invitation or solicitation to buy or sell securities, nor should it be regarded as guidance for such actions. All material presented is intended solely for educational and informational purposes and should not be utilized for making investment choices in any manner. It is imperative to recognize that any data shared here carries no intent to influence investment decisions. Any individual considering investment moves should first seek guidance from a qualified financial advisor, taking into account the particulars of their circumstances.

It is vital to underscore that any decisions based on the information shared here are undertaken at one’s own risk. As with all investments in the stock market, it’s important to acknowledge the inherent and unpredictable risks associated with such endeavors.

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