Pyramid Technoplast Ltd. IPO

Pyramid Technoplast is a renowned industrial packaging company specializing in polymer-based molded products, notably Polymer Drums and Intermediate Bulk Containers (IBCs). Recognized as a key player in the market, Pyramid Technoplast is a leading manufacturer of rigid IBCs in India. With advanced technologies like blow molding and injection molding, its products are trusted under the brand name "Pyramid." Established in 1998, the company boasts strategic manufacturing units for efficient production and distribution.

RHP
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DRHP
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Open Date

2023-08-18

Close Date

2023-08-22

Pyramid Technoplast Ltd. IPO Details

Check out the issue details for Pyramid Technoplast Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 166

Price Band

₹ 151 - 166

Issue Size

153.05 Cr.

Issue Type

Book Built

Open

2023-08-18

Close

2023-08-22

Listingprice

₹ 187

ListingGain

12.65%

Listing Date

2023-08-29

CMP

₹ 187.84

Current Return

13.16%

Company Financials

You can get the following financial statements of Pyramid Technoplast Ltd. as of now.

The details about the Pyramid Technoplast Ltd IPO is as:

  • The issue size of the IPO is 153.05 Cr.
  • The price band for Pyramid Technoplast IPO is Rs 151 to Rs 166.
  • The shares of Pyramid Technoplast IPO will list on 29th August 2023.
  • The latest tentative GMP of Pyramid Technoplast IPO is Rs 28.
  • The shares of Pyramid Technoplast IPO is subscribed 18.29 Times as of 22nd August 2023.

 

Pyramid Technoplast IPO Valuation

The approx valuation of Pyramid Technoplast Ltd IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 166
Existing Shares (Qty) 3.12 Cr
Fresh Issue 91.3 Cr
Market Cap 609.22 Cr
EPS (FY23) Rs 10.24
PE Ratio 16.21x
Industry PE 26.39x

 

Pyramid Technoplast IPO Issue Size

Pyramid Technoplast Ltd IPO issue size is 153.05 Cr. 

Issue Amount
Fresh Issue 91.3 Cr
Offer For Sale 61.75 Cr

 

Pyramid Technoplast IPO Market Lot

An Individual can apply for a minimum 1 lot of 90 shares and a maximum of 13 lots of 1770 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 90 Rs 14,940
 Maximum 13 1170 Rs 1,94,220

 

Pyramid Technoplast IPO share offer

The shares of Pyramid Technoplast IPO is subscribed 18.29 Times as of 2nd August 2023. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 9.94 Times
Non-Institutional Minimum 15% 32.24 Times
Retail Individual Minimum 35% 14.72 Times
Total   18.29 Times

 

Pyramid Technoplast IPO Grey Market Premium

As on GMP (Tentative)
16  August 2023 Rs 20
17  August 2023 Rs 25
18  August 2023 Rs 25
21  August 2023 Rs 28
22  August 2023 Rs 28

Pyramid Technoplast IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

Find below the dates for Pyramid Technoplast Ltd IPO:

Schedule Date
Basis of Allotment 25 August 2023
Refunds 28 August 2023
Credit to Demat Account 29 August 2023
IPO Listing Date 29 August 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 259.27 313.5 400.42 480.03 532.42
Total Expenditure 241.48 283.68 358.21 430.2 488.37
Operating Profit 17.79 29.82 42.2 49.82 44.06
Other Income 0.87 2.67 2.23 2.01 4.73
Interest 7.08 5.22 4.85 4.05 2.34
Depreciation 3.68 4.39 4.42 4.93 6.35
Exceptional Items 0 0.01 0 -0.04 0
Profit Before Tax 7.9 22.89 35.16 42.81 40.1
Provision for Tax 2.35 5.9 9.01 11.05 10.76
Net Profit 5.55 16.99 26.15 31.76 29.34
Adjusted EPS (Rs.) 0.18 0.54 0.84 1.02 0.8

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 3.91 3.91 3.91 31.28 36.78
Total Reserves 28.03 44.94 71.29 75.97 185.41
Borrowings 19.06 21.58 11.3 17.53 1.54
Other N/C liabilities 6.17 6.38 6.49 6.73 8.13
Current liabilities 68.04 76.65 90.77 94.27 71.45
Total Liabilities 125.2 153.46 183.76 225.78 303.32
Assets
Net Block 48.81 51.43 49.36 61.93 92.15
Capital WIP 0 0 2.45 7.26 14.31
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 2.22 4.63 3.03 2.2 7.6
Other N/C Assets 1.09 1.05 1.01 2.88 4.01
Current Assets 73.08 96.35 127.9 151.51 185.25
Total Assets 125.2 153.46 183.76 225.78 303.32
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 1.52 1.39 0.86 1.23 0.95
Profit Before Tax 10.64 8.65 10.48 10.1 7.72
Tax 2.79 2.21 3.19 2.54 2.02
Profit After Tax 7.85 6.44 7.29 7.57 5.71
Adjusted EPS (Rs) 2.13 1.75 1.98 2.06 1.55

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.94 0
Jun 2024 74.94 0
Mar 2024 74.94 0
Dec 2023 74.94 0
Sep 2023 74.94 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 7.9 22.89 35.16 42.85 40.1
Adjustment 9 8.45 8.34 8.18 7.34
Changes in Assets & Liabilities -2.11 -17.16 -40.34 -3.54 -38.9
Tax Paid -2.37 -5.8 -9.2 -8.53 -12.35
Operating Cash Flow 12.42 8.39 -6.04 38.95 -3.81
Investing Cash Flow -6.88 -6.73 -4.28 -23.92 -44.01
Financing Cash Flow -5.85 0.5 9.23 -12.74 48.5
Net Cash Flow -0.31 2.16 -1.09 2.3 0.69
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