7 Things to know before PYRAMID TECHNOPLAST IPO

KEY HIGHLIGHTS:

• OVERVIEW
• Details and timeline
• key factor(P/E ratio)
• company’s financial
• objective of issue
• personal view
• bidding details
• Gmp

OVERVIEW:

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.

Products:

• 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

Company Financials

Pyramid Technoplast IPO Financial Information (Restated)

Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	153.46	183.76	225.78
Revenue	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

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.