Pyramid Technoplast is gearing up for its much-anticipated Initial Public Offering (IPO) through a book-built issue. The IPO is scheduled to run from August 18 to August 22, 2023, with a share price range of ₹151 to ₹166. Investors can participate with a minimum order of 90 shares.
The IPO will comprise 9,220,000 shares with a face value of Rs. 10 each, potentially raising funds of up to ₹153.05 crore for Pyramid Technoplast Limited. Let’s delve into the details of their IPO set to hit the market in August 2023.
About Pyramid Technoplast Limited
Incorporated in 1997, Pyramid Technoplast Limited specializes in producing polymer-based molded products, particularly Polymer Drums, vital for packaging needs of chemical, agrochemical, specialty chemical, and pharmaceutical industries.
The company manufactures polymer-based bulk packaging drums, Intermediate Bulk Containers (IBC), and MS Drums for chemicals, agrochemicals, and specialty chemicals. Operating six units, with four in Bharuch, Gujarat, and two in Silvassa, Dadra and Nagar Haveli, they have an installed capacity of 20,612 MTPA for Polymer Drums, 12,820 MTPA for IBC, and 6,200 MTPA for MS Drums. An upcoming seventh unit in Bharuch is in progress.
Pyramid Technoplast IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 18th August 2023 |
| Issue Closes | 22nd August 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 151 to Rs 166 Per Share |
| Issue Size | Rs 153.05 crores |
| Minimum Order Quantity | 90 Shares |
| Listing | NSE, BSE |
Purpose of the Issue
The company plans to allocate the net proceeds from the issue to the following objectives:
- Repayment and/or pre-payment, either in full or partially, of specific outstanding borrowings.
- Financing the company’s working capital needs.
- Catering to general corporate purposes.
Pyramid Technoplast Limited — Company Contact Details
- Registered & Corporate Office: Office No.2, 2nd Floor, Shah Trade Centre, Rani Sati Marg, Near W.E Highway, Malad (East), Mumbai – 400 097
- Telephone: +91 22 4276 1547
- Website: https://pyramidtechnoplast.com/
Pyramid Technoplast IPO – Lead Managers of the Issue
Pnb Investment Services Ltd
- Office Address: 11th Floor, Dalamal House, Nariman Point, Mumbai
- Telephone: +91-22-4347 4030
- Email: mb@pnbisl.com
First Overseas Capital Limited
- Office Address: 1-2, Bhupen Chambers Ground Flr, Dalal Street, Mumbai – 400001
- Telephone: +91 22 4050 9900
- Email: rushabh@focl.in
Pyramid Technoplast IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://bigshareonline.com/
Pyramid Technoplast Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
