Pyramid Technoplast Limited, founded in 1997, makes polymer-based molded products (Polymer Drums) that are primarily used for packaging by chemical, agrochemical, specialty chemical, and pharmaceutical firms.
The company manufactures polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC), as well as MS Drums for chemical, agrochemical, and specialty chemical packaging and transportation.
Pyramid Technoplast began commercial production in 1998 and today has six manufacturing facilities, four of which are located in Bharuch, GIDC, Gujarat, and two in Silvassa, UT of Dadra and Nagar Haveli. Their Polymer Drum manufacturing operations have a total installed capacity of 20,612 MTPA, their IBC manufacturing unit has a total installed capacity of 12,820 MTPA, and their MS Drums unit has a total installed capacity of 6,200 MTPA. The company is now building its seventh production unit, which will likewise be located in Bharuch, GIDC, Gujarat.
Pyramid Technoplast IPO Details
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price | Rs 151 to Rs 166 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 9,220,000 shares (aggregating up to Rs 153.05 Cr) |
| Fresh Issue | 5,500,000 shares (aggregating up to Rs 91.30 Cr) |
| Offer for Sale | 3,720,000 shares of Rs 10 (aggregating up to Rs 61.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 31,284,800 |
| Share holding post issue | 36,784,800 |
Pyramid Technoplast IPO Timetable
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Pyramid Technoplast IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | Rs 14,940 |
| Retail (Max) | 13 | 1170 | Rs 194,220 |
| S-HNI (Min) | 14 | 1,260 | Rs 209,160 |
| S-HNI (Max) | 66 | 5,940 | Rs 986,040 |
| B-HNI (Min) | 67 | 6,030 | Rs 1,000,980 |
