Pyramid Technoplast IPO
Pyramid Technoplast IPO — date, price band, lot size & details 2023
Pyramid Technoplast listed on 29 Aug 2023 at ₹187, 12.7% above the ₹166 issue price.
Pyramid Technoplast makes polymer drums, intermediate bulk containers and MS drums used for packaging chemicals, agrochemicals and pharmaceuticals. Its total income was Rs 482.03 crore in FY2023.
Stock price
Pyramid Technoplast is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 18 Aug 2023
- Close 22 Aug 2023
- Allotment 25 Aug 2023
- Refund/credit 28 Aug 2023
- Listing 29 Aug 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 22 Aug, 2023 |
|---|---|
| Price Band | ₹151 – ₹166 |
| Face Value | ₹10 |
| Lot Size | 90 Shares |
| Issue Size | ₹153.05 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,940 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 90 shares at the ₹166 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 90 | ₹14,940 |
| Retail (max) | 13 | 1,170 | ₹1,94,220 |
| S-HNI (min) | 14 | 1,260 | ₹2,09,160 |
| S-HNI (max) | 66 | 5,940 | ₹9,86,040 |
| B-HNI (min) | 67 | 6,030 | ₹10,00,980 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 316.18 crore in FY2021 to Rs 482.03 crore in FY2023.
- 02Profit after tax rose from Rs 16.99 crore in FY2021 to Rs 31.76 crore in FY2023.
- 03The pre-issue P/E was 16.35 at the upper band of Rs 166, based on EPS of Rs 10.15.
- 04Rs 40.00 crore of the fresh issue was planned for repaying debt.
- 05It runs 6 manufacturing units and has UN certification for its IBC and MS drums.
Risks · 5
- 01Margins are thin, and the source puts the PAT margin at 6.62%.
- 02Polymer and steel prices drive costs, and demand depends on the chemical and agrochemical sectors. Borrowing was Rs 55.34 crore on 31 March 2023.
- 03All 6 units are in Bharuch and Silvassa, close to its chemical customers in western India.
- 04Rs 61.75 crore of the issue was offer for sale by a promoter entity.
- 05Promoters and the promoter group held 100% before the issue and 74.94% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Pyramid Technoplast offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 225.78 | 183.76 | 153.46 |
| Total Income | 482.03 | 402.64 | 316.18 |
| Profit After Tax | 31.76 | 26.15 | 16.99 |
| NET Worth | 107.25 | 75.20 | 48.85 |
| Reserves and Surplus | 75.97 | 71.29 | 44.94 |
| Total Borrowing | 55.34 | 64.77 | 51.30 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Pyramid Technoplast RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Pyramid Technoplast IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹10.15 | ₹8.63 |
| P/E Ratio (x) | 16.35 | 19.24 |
| Market Cap at Offer Price (₹ Cr) | ₹519.42 | ₹610.91 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹166 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹85.30 Cr of the issue is earmarked to named objects.
Pyramid Technoplast IPO Anchor Investors
4 anchor investors across 1 fund house committed ₹27.55 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Carnelian Structural Shift Fund Investment Account | - | 755,910 | 12.55 | 45.55% |
| Alchemie Ventures Fund-Scheme I | - | 301,230 | 5.00 | 18.15% |
| Pluris Fund Limited | - | 301,230 | 5.00 | 18.15% |
| Resonance Opportunities Fund | - | 301,230 | 5.00 | 18.15% |
| Total anchor allocation | 27.55 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It makes polymer bulk packaging drums, intermediate bulk containers (IBC) and MS drums for packaging and transporting chemicals. It has UN certification for its IBC and MS drums to meet safety levels.
It has six manufacturing units, two at Silvassa in Dadra and Nagar Haveli and four at Bharuch, Gujarat.
The IPO was Rs 153.05 crore, with Rs 91.30 crore of fresh issue and Rs 61.75 crore of offer for sale by promoter Credence Financial Consultancy LLP. Rs 40.00 crore was planned for repaying borrowings and Rs 40.21 crore for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Pyramid Technoplast IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Pnb Investment Services Ltd
6 issues handledBest listing: Pranav Constructions (+33.1%). Weakest: Aastha Spintex (-4.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Pyramid Technoplast?
The current Grey Market Premium is ₹9.94, or 6% over the issue price.
What is the Pyramid Technoplast IPO price band?
₹151 to ₹166, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 August 2023, with listing on 29 August 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
