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Open
18 Aug 2023
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Close
22 Aug 2023
3
Allotment
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Listing
Tue, Aug 29, 2023
Price Band
₹151 to ₹166
Issue Size
92,20,000 shares (agg. up to ₹153 Cr)
Lot Size
90 Shares
Listing Date
Tue, Aug 29, 2023
Latest GMP
₹22
Est. Gain
13.25%
✦ AI Insight
GMP Trend
29-08-2023₹22Est. ₹188+13.25%
28-08-2023₹22Est. ₹188+13.25%
27-08-2023₹20Est. ₹186+12.05%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 14.98x |
Restated Financials (₹ Cr.)
| Period Ended | 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 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sah Polymers Ltd. | Mainboard | ₹66.30 Cr | ₹65 | 33.51 | ₹89.25 | +37.31% | ₹104.75 (+3.45%) |
| Rex Sealing & Packing Industries Ltd. | SME | ₹8.09 Cr | ₹135 | 19.62 | ₹143.85 | +6.56% | ₹145.00 (+0.00%) |
| Uma Converter Ltd. | SME | ₹18.41 Cr | ₹33 | 10.31 | ₹33.15 | +0.45% | ₹16.25 (-4.69%) |
| Sabar Flex India Ltd. | SME | ₹4.48 Cr | ₹11 | 9.48 | ₹22.05 | +100.45% | ₹4.50 (+4.65%) |
| Mega Flex Plastics Ltd. | SME | ₹11.40 Cr | ₹40 | 16.19 | ₹56.70 | +41.75% | ₹100.00 (+0.25%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company | 40.00 |
| 2 | Funding working capital requirements of the Company | 40.21 |
| 3 | General corporate purposes | 5.09 |
About Pyramid Technoplast IPO
Incorporated in 1997, Pyramid Technoplast Limited manufactures polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements. The company manufactures polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC), as well as MS Drums for packaging used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals. Pyramid Technoplast started its commercial production in 1998 and now has over 6 manufacturing units out of which four are situated in Bharuch, GIDC, Gujarat, and two are situated at Silvassa, UT of Dadra and Nagar Haveli. The total installed capacity of their Polymer Drum manufacturing units is 20,612 MTPA, the total installed capacity of the IBC manufacturing unit is 12,820 MTPA and the total installed capacity of the MS Drums unit is 6,200 MTPA. The company is in the process of constructing its seventh manufacturing unit which will also be situated in Bharuch, GIDC, Gujarat. The company has obtained UN certification outlined by United Nations Recommendation for IBC and MS Drums to meet safety levels. The manufacturing units are ISO
Contact Details
Pyramid Technoplast Ltd. AddressOffice No.2, 2nd Floor, Shah Trade CentreRani Sati Marg, Near W.E HighwayMalad (East)Mumbai, Maharashtra, 400097+91 22 4276 1547cs@pyramidtechnoplast.comVisit Website