Incorporated in 1997, Pyramid Technoplast Limited (PT) manufactures polymer based molded products (Polymer Drums) used by chemical, agrochemical, and pharmaceutical companies for packaging.
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PT is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India (IBCs are industrial-grade containers engineered for the mass handling, transport, and storage.)
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PT also manufactures Mild Steel Drums (MS Drums) used in the packaging and transport of chemicals.
These products are marketed and sold under the brand name “Pyramid”. Presently they have 6 manufacturing facilities and are constructing another one.
Their products are ISO certified and have obtained a UN certification for IBC and MS Drums to meet safety levels outlined by the UN Recommendations on the Transport of Dangerous Goods, in order to transport them safely.
Objects of the offer
Repayment of outstanding borrowings, working capital and general corporate purposes
Financial Snapshot (Rs in Cr)
| Period Ended | Revenue from operations | EBIDTA | PAT | EPS | ROE |
|---|---|---|---|---|---|
| March 31, 2023 | 480 | 51.83 | 31.76 | 10.24 | 29.61% |
| March 31, 2022 | 400.42 | 44.43 | 25.15 | 8.43 | 34.77% |
| March 31, 2021 | 313.50 | 32.5 | 16.99 | 5.41 | 34.79% |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 18th August - 22nd August 2023 |
|---|---|
| Price Band | ₹ 151-166 |
| Minimum Bid Quantity | 90 and multiples thereof |
| Face Value | ₹ 10 |
| Number of Shares | 9,220,000 shares |
| Issue size | ₹ 153.05 Cr |
| Date of Allotment | 25th August, 2023 |
| Initiation of Refund | 28th August, 2023 |
| Credit of shares | 29th August, 2023 |
| Date of Listing | 30th August, 2023 |
| Mandate end date | 6th September, 2023 |
| Anchor Investors Lock-in End Date | 21st September, 2023 |
How do I apply for the Pyramid Technoplast Limited IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for the Pyramid Technoplast Limited IPO?
You can check the allotment status on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website .