Pyramid Technoplast IPO

Pyramid Technoplast Limited

₹13,590 /90 sharesMinimum Investment

Pyramid Technoplast IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹166.00₹187.00₹21.00 (12.65%)

Pyramid Technoplast IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
18 Aug ‘23 - 22 Aug ‘23₹13,59090₹151 - ₹166
Issue SizeIPO Doc
153.05Cr
RHP PDF

Subscription Status As on 22 Aug '23, 5:05 PM

  • Qualified Institutional Buyers
    9.94x
  • Non-Institutional Investor
    32.24x
  • Retail Individual Investor
    14.72x
  • Employees
    0.00x
  • Total
    18.29x

About Pyramid Technoplast

Pyramid Technoplast, incorporated in 1997, operates as an industrial packaging company. It specialises in creating polymer-based molded items, particularly Polymer Drums. These products serve as essential packaging solutions for chemical, agrochemical, speciality chemical, and pharmaceutical companies. The company designs and produces industrial-grade containers known as IBCs. These containers are specifically engineered to handle, transport, and store liquids, semi-solids, pastes, or solids on a large scale. Additionally, they manufacture MS Drums constructed from mild steel (MS). The company employs blow molding technology to create Polymer Drums and IBCs. The company uses injection molding technology to produce caps, closures, bungs, lids, handles, and lugs. The products are presented and sold under the company’s brand name, ‘Pyramid.’;
Parent Organisation
Pyramid Technoplast Limited
Founded
1997
Managing Director
Mr. Bijaykumar Agarwal

Strengths & Risks

  • Pyramid Technoplast is one of the leading manufacturers of Intermediate Bulk Containers (IBC).
  • The company offers polymer-based packaging solutions, including drums ranging from 20 to 250 litres and 1,000-litre IBCs. Additionally, they offer alternative packaging solutions in the form of MS Drums created from mild steel.
  • Much of the company's revenue comes from manufacturing polymer-based molded industrial packaging products like Polymer Drums and IBC.
  • The total installed capacity of the company's polymer drum manufacturing units is 20,612 MTPA. The total installed capacity of its IBC manufacturing unit is 12,820 MTPA, and the total installed capacity of its MS Drums unit is 6,200 MTPA.
  • The company has consistently catered to over 376 clients over the last 3 years.
  • With 6 manufacturing facilities, 4 located at Bharuch, GIDC, Gujarat, and 2 at Silvassa, UT of Dadra and Nagar Haveli, Pyramid Technoplast is strategically positioned. These prime industrial hubs serve sectors like chemicals, agrochemicals, pharmaceuticals, lubricants, and edible oils.
  • A 7th manufacturing unit is being constructed near Bharuch, GIDC, Gujarat facilities.
  • The company maintains a fleet of 51 trucks. It ensures the timely delivery of their products to their customers.
  • Pyramid Technoplast faces potential risks linked to changes in governmental policies and quality standards by customers for their molded industrial packaging.
  • The company has secured unsecured loans that lenders could demand repayment for. As of July 31, 2023, these outstanding unsecured loans amount to Rs. 205.39 lakhs, making up 2.20% of the total borrowings, including non-fund-based borrowings.
  • The company hasn't established long-term agreements with customers for product purchases. Demand uncertainty might impact product sales.
  • Long-term agreements for raw material supply haven't been secured with suppliers. Raw material supply uncertainty could affect the company's operations.
  • As of March 31, 2023, the company's contingent liabilities stood at Rs. 134.12 lakh.
  • Past negative cash flows and the potential for ongoing negative cash flows could affect cash flow requirements.
  • Ongoing legal proceedings could adversely affect the company's business.
  • The company doesn't own the land where its Bharuch, Gujarat manufacturing units are situated. Changes in lease terms or revocation could impact the overall business.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular151 - 166₹2 Lakh
High Networth Individual151 - 166₹2 - 5 Lakh
For Pyramid Technoplast IPO, eligible investors can apply as Regular.
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