Pyramid Technoplast

About Pyramid Technoplast Limited IPO

Incorporated in 1997, Pyramid Technoplast Limited operates in the industrial packaging segment. It manufactures polymer-based molded products, including intermediate bulk containers (IBC), polymer and MS Drums. These products are mainly used in mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. Company’s products are marketed and sold under the brand name “Pyramid” and used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. 

The company has six manufacturing units in Gujarat and Dadra and Nagar Haveli. Meanwhile, its seventh manufacturing unit is under construction. Company also has a UN certification pertaining to its safety levels. Between FY21 and FY23, its revenue from operations has grown at the rate of 15.2% CAGR. 

Moreover, packaging is India’s fifth largest industry and is developing at a CAGR of 22% to 25%. Pyramid Technoplast might benefit from its growth being part of this industry. 

And now, Pyramid Technoplast Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. Money raised through the fresh issue will be utilised to repay outstanding borrowings, fund working capital requirement and for general corporate purposes. Its shares will be listed on the NSE and the BSE.

Here are key details about the Pyramid Technoplast IPO:

Financial snapshot

A quick look at Pyramid Technoplast IPO’s strengths, risks and threats

Strengths 

1. Customer base in diverse industries like chemicals, agrochemicals, pharmaceuticals, lubricants and edible oil. It has served more than 376 customers in the last three years.
2. Witnessed a CAGR growth of over 15% in its revenue from operations and over 23% in its net profit between FY21 and FY23. 
3. Manufacturing units are strategically located near key industrial hubs, which offers  several advantages including lower freight costs and improved customer relationships. 
4. Comprehensive product portfolio consists of jerry cans, polycans, drums, open-top drums, caps, closures, bungs, lids, handles, and lugs.

Risks and threats

1. All manufacturing units are concentrated in Western India. Hence, any natural calamities or political disruptions could adversely affect company's business operations. 
2. The company is exposed to risks arising from foreign exchange rate fluctuation as it is dependent on imports for its key raw materials. It imports from countries like Kuwait, Qatar, Saudi Arabia, Oman and Singapore.
3. Requires substantial working capital requirement amassing to ₹44 crore, ₹87 crore and ₹89 crore in FY21, FY22 and FY23, respectively. 

Pyramid Technoplast Limited IPO details

| Pyramid Technoplast Limited IPO date

According to the offer document filed by the company with the SEBI, the Pyramid Technoplast IPO’s opening date – in other words, the Pyramid Technoplast IPO launch date – will be 18th August 2023. The Pyramid Technoplast IPO closing date is 22nd August 2023. After this, investors will be updated about the allotment status on 25th August 2023.

Investors, who have been allotted shares, can expect them to be credited to their demat account on 29th August 2023. The Pyramid Technoplast IPO listing date is 30th August 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

| Pyramid Technoplast Limited IPO price band

The IPO is an offer for sale as well as a fresh issue. The Pyramid Technoplast IPO price band has been set between ₹151 and ₹166 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Pyramid Technoplast IPO listing price will be determined on 30th August 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. 

| Pyramid Technoplast Limited IPO lot size 

The Pyramid Technoplast IPO details have been declared. The Pyramid Technoplast IPO lot size is set at 90 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Pyramid Technoplast IPO issue size is approx ₹153 crore. 

How to apply for the Pyramid Technoplast Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the Pyramid Technoplast Limited IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Pyramid Technoplast Limited IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Pyramid Technoplast Limited IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the Pyramid Technoplast Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Pyramid Technoplast Limited IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Pyramid Technoplast Limited IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the Pyramid Technoplast Limited IPO

To apply for the Pyramid Technoplast Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Pyramid Technoplast Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Pyramid Technoplast Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.