Pyramid Technoplast IPO: Pyramid Technoplast’s IPO will open on August 18th. Here are 10 things you should know about the offer

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Summary

Pyramid Technoplast’s initial public offering (IPO) opens for subscription on August 18th. The issue ends on August 22nd. The company’s shares are expected to be listed on both stock exchanges. Here are 10 things you should know about the offer.

1. What is Pyramid Technoplast’s business overview?
   Pyramid Technoplast is an industrial packaging company engaged in the manufacture of polymer-based molded products (polymer drums) used primarily by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging needs. The company is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India, manufacturing IBCs with a capacity of 1,000 liters.
2. What is Pyramid Technoplast’s industry overview?
   The Indian chemical market was valued at 12,530,02,000 lakhs in 2019 and is projected to grow 9.3 percent per year to reach 30,40,000 lakhs by 2025. By 2025, demand for chemicals is expected to increase by 9%. yearly. By 2025, the chemical sector is expected to contribute 24,39,00,000 lakhs to India’s GDP.
3. How big is Pyramid Technoplast’s IPO?
   The IPO includes an initial offering of 55 lakh shares and an offering of 37.2 lakh shares. The company is aiming to raise between Rs.139 crore and Rs.153 crore through the IPO and the ex post market capitalization is expected to be around Rs.611 crore.
4. Who are the Selling Shareholders under the OFS?
   As part of the OFS, promoter Credence Financial Consultancy will sell 37.2 lakh shares.
5. What is the Pyramid Technoplast IPO price range?
   The company has set a price range of Rs 151-166 per share and investors can bid for a minimum of 90 shares in one lot and multiples thereafter.
6. How is Pyramid Technoplast’s IPO structured?
   Approximately 30% of the offering is reserved for qualified institutional buyers, 20% is reserved for non-institutional investors and 50% of the offering is reserved for retail investors.
7. What is the financial performance of Pyramid Technoplast’s IPO?
   For the year ended March 2023, the Company’s operating revenue was Rs.480 crore while the net profit was Rs.31.76 crore.
8. What are the goals of Pyramid Technoplast’s IPO?
   The Company intends to use a portion of the net proceeds for repayment, funding of working capital needs and other general corporate purposes.
9. What is the current GMP of Pyramid Technoplast?
   According to market analysts, Pyramid Technoplast’s current GMP is Rs.24 in the unlisted market.
10. Who are the book-running lead managers for Pyramid Technoplast’s IPO?
    PNB Investment Services and First Overseas Capital are the lead managers, while Bigshare Services acts as registrar.

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