Pyramid Technoplast Limited IPO Closed

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IPO date 18 Aug 2023 – 22 Aug 2023
Listing date 30 Aug 2023
Price range 151 – 166
Minimum order quantity 90
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Incorporated in 1997, Pyramid Technoplast Limited (PT) manufactures polymer-based molded products (Polymer Drums) used by chemical, agrochemical, and pharmaceutical companies for packaging.
  • PT is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India (IBCs are industrial-grade containers engineered for mass handling, transport, and storage.)
  • 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 information and other valuation metrics (₹ crores)

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%

IPO Schedule

Issue Period 18th August to 22nd August 2023
Deadline for accepting UPI mandate Until 5 PM on the issue closing day
Finalization of Allotment 25th August 2023
Initiation of Refunds 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 to apply to the Pyramid Technoplast Limited IPO?

You can apply for the Pyramid Technoplast Limited IPO using any supported UPI app by following two steps:
  • Enter your bid on Kite
  • Accept the 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.

How to check the allotment status for Pyramid Technoplast Limited IPO?

You can check the allotment status for the Pyramid Technoplast Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.