Pyramid Technoplast Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Pyramid Technopl

CMP

165.26

+2.40 (1.47%)

₹166

Offer Price

₹ 153.05 Cr

Issue Size

₹ 14,940

Min Investment

18.29x

Times Subscribed

90

Lot size

Time Line

  • 18
    Aug 2023
    Open
  • 22
    Aug 2023
    Close
  • 25
    Aug 2023
    Finalisation of Basis of Allotment
  • 28
    Aug 2023
    Initiation of Refunds
  • 29
    Aug 2023
    Transfer of Shares to Demat Account
  • 29
    Aug 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continued focus on Intermediate Bulk Containers (IBC) by expanding its existing facilities.

  • Continued focus on Polymer Drums and Mild Steel (MS) drums.

  • Explore organic growth opportunities to increase capacity and business.

  • Exploit industry opportunities arising out of the current geo-political situation and government policies.

Products & Services

  • The Company is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums)

Strengths

  • Diverse customer base.

  • Comprehensive product portfolio.

  • Strategic location of its manufacturing units.

  • Quality Standard Certifications & Quality Tests.

  • Experienced Promoters and senior management team.

Risks

  • Substantial portion of its revenues come from the manufacturing of polymer based molded industrial packaging products like IBC and Polymer Drums.

  • Any change in government policies or quality norms by its customers for molded industrial packaging, which the company may not be able to adhere to, may affect its business growth, operations and financials.

  • The company customers expect it to maintain high quality standards and any failure by the company to comply with such quality standards may have an adverse effect on demand from end customers and on its reputation, business, results of operations and financial condition.

  • The company may lose clients and their business if its products are not able to meet durability and other industry standards.

  • The Company has not entered into any long-term agreements with its customers for purchasing the company products. Its subject to uncertainties in demand and there is no assurance that the company customers will continue to purchase its products. This could impact the business and financial performance of the Company.

Company Promoters

Promoters Holding

Issue For IPO
95.91%
Pre Holding

95.91%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 400.42 (27.70%) 480.03 (19.90%) 29.61 (-)
Gross Profit 400.42 (27.70%) 480.03 (19.90%) 29.61 (-)
Net Income 400.42 (27.70%) 480.03 (19.90%) 29.61 (-)
Assets 400.42 (27.70%) 480.03 (19.90%) 29.61 (-)
Liabilities 400.42 (27.70%) 480.03 (19.90%) 29.61 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Pyramid Technoplast Ltd 480.03 31.76 165.03 57.78 29.61 0.00 34.28 2.49 0.34
Time Technoplast Ltd 4,289.44 219.04 3,829.30 3,829.30 9.66 9.64 102.81 5.72 0.36
TPL Plastech Ltd 270.59 16.03 224.44 224.44 13.89 2.06 14.79 7.14 0.33
Mold-Tek Packaging Ltd 729.92 80.43 695.64 695.64 14.39 24.40 168.45 11.56 0.08

Book Running Managers

  • First Overseas Capital Ltd
  • PNB Investment Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Off. #2 II Flr Shah Trad. Cen.,
Rani Sati Marg Malad (East),
Mumbai - 400097
Phone : +91 22 42761547 Email : s@pyramidtechnoplast.com www.pyramidtechnoplast.com

Offer Related Information

Initial public offering of up to 92,20,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Pyramid Technoplast Limited ("The Company" or the "Issuer") for cash at a price of Rs. 166 per equity share (including a premium of Rs. 156 per equity share) ("Offer Price") aggregating up to Rs. 153.05 crores. The offer comprises fresh issue of up to 55,00,000 equity shares aggregating up to Rs. 91.30 crores ("Fresh Issue") and an offer for sale of up to 37,20,000 equity shares by the... More

News

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