August 30, 2023
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Pyramid Technoplast IPO GMP, Details to watch, Guidance & Subscription status @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Pyramid IPO Listing:
The scrip got listing at Rs 187, compared to issue price of Rs. 166. The listing is in line of the expectations of the grey market players.
Pyramid Technoplast IPO Guidance:
Will update once the price band is announced.
Pyramid Technoplast IPO GMP
Premium: Rs 20 large volume
Retail allotted Application rate Rs. 1300
After allotment, no Sauda takes place for Kostak or Subject to
Pyramid Technoplast IPO Subscription
On 22 August 2023 @ 5.00 (Day 3) (Closed)
Review: last day rush seen. Still QIB portion is not impressive.
QIB: 1106400 Shares 9.94 T
NII(10L+): 1229333 Shares 33.81 T
NII (<10L) 614667 Shares 29.09 T
NII (Total) 1844000 Shares 32.24 T
RII: 4610000 Shares 14.72 T
Total: 7560000 Shares 18.29 T
Who is the promoter of Pyramid Technoplast IPO?
BIJAYKUMAR AGARWAL, JAIPRAKASH AGARWAL AND YASH SYNTHETICS PRIVATE LIMITED
What is the business of Pyramid Technoplast?
Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing1,000 litre capacity IBC.IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. rigid IBCs are manufactured across a volume range which is in between that of standard shipping drums and intermodal tank containers, hence the title intermediate bulk container. It also manufactures MS Drums made of mild steel (MS)used in the packaging and transport of chemicals, agrochemicals and speciality chemicals. It uses blow molding technology to manufacture Polymer Drums and IBCs.
Injection molding technology is used for manufacturing caps, closures, bungs, lids, handles, lugs, etc. for in-house use. The products are marketed and sold under its brand name “Pyramid”. It started commercial production in the year 1998 in Unit I. Presently, it has six (6) strategically situated manufacturing units out of which four (4) are in Bharuch, GIDC and two (2) are situated at Silvassa. The seventh (7) manufacturing unit is under construction at the Bharuch, GIDC adjacent to the existing six units. The total installed capacity of our Polymer Drum manufacturing units is 18,837 MTPA. The total installed capacity of its IBC manufacturing unit is 3,240MTPA and the total installed capacity of our MS Drums unit is 3,600 MTPA.
For more information, click www.pyramidtechnoplast.com
What is the object of Pyramid Technoplast IPO?
The Offer comprises an Offer for Sale and the Fresh Issue.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1.Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company;
2.Funding working capital requirements of the Company; and
3.General corporate purposes.
Pyramid Technoplast IPO GMP, Particulars & Guidance
| Pyramid Technoplast IPO Details to watch | |
| IPO opens on | 18 August ,2023 |
| IPO closes on | 22 August ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 9220000 Sh /Rs 153.05 Cr |
| * Fresh Issue | 5500000 Sh /Rs 91.30 Cr |
| * Offer for Sale | 3720000 Sh /Rs 61.75 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 151-166 |
| Employee discount | Rs. nil per share |
| Retail Lot Size | 90 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr. |
| QIB (30 %) | 2766000 | 45.92 |
| NII (20 %) | 1844000 | 30.61 |
| RII (50 %) | 4610000 | 76.52 |
| Employees | – | – |
| Total Shares | 9220000 | 153.05 |
| Retail portion will be oversubscribed by | 51222 Forms | |
| How much Shares to Apply? | Rs. | |
| Min Retail Application | 90 Sh | 14940 |
| Max Retail Application | 1170 sh | 194220 |
| Small HNI (Min) application | 1260 Sh | 209160 |
| Small HNI (Max) application | 5940 sh | 986040 |
| Big HNI Application | 6030 Sh | 1000980 |
| Pyramid Technoplast IPO Tentative timetable | |
| IPO Opens on | 18 August,2023 |
| IPO Closes on | 22 August ,2023 |
| IPO Allotment on | 25 August ,2023 |
| Refund Initiation | 28 August , 2023 |
| Credit of Shares | 29 August , 2023 |
| Listing on | 30 August, 2023 |
| Registered Office of Pyramid Technoplast | |
| Office No.2, 2nd Floor, Shah Trade Centre, Rani Sati Marg, Near W.E.Highway, Malad (East), Mumbai 400 097, Maharashtra, India | |
| Pyramid Technoplast IPO Lead Managers | |
| PNB Investment Services Limited, First Overseas Capital Limited |
|
| Registrar to Pyramid Technoplast IPO | |
| Bigshare Services Pvt ltd |
| Pyramid Technoplast IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr. | Rs.in Cr. | Rs. | % | |
| 2020-21 | 316 | 16.99 | 5.41 | 34.79 |
| 2021-22 | 403 | 26.15 | 8.43 | 34.71 |
| 2022-23 | 482 | 31.76 | 10.24 | 29.61 |
| Book Value of the Share on | 31.03.2023 | Rs.34.28 | ||
| Book Value of the Share | after the IPO | Rs.53.98 | ||
| Offer Price | Rs. 166 | |||
| Ratio Analysis | |
| Upper Price /last EPS | 16.21 |
| Upper price/BV Ratio | 4.84 |
| Upper Price/BV after IPO Ratio | 3.08 |
| Pyramid Technoplast IPO Peer Comparison: | |||
| As on date of RHP | Total | Face | PE |
| Income | Value | Ratio of | |
| Rs. in Cr. | Rs | ||
| IPO company | 482 | 10 | 16.21 |
| Time Technoplast | 4293 | 1 | 14.16 |
| TPL Plastech | 272 | 10 | 20.50 |
| Mould tech Packaging | 731 | 5 | 41.10 |
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