Pyramid Technoplast Limited | Globe Capital Market LTD.
Pyramid Technoplast Limited
Price Band
₹151 to ₹166 per share
IPO Issue Period
Aug 18, 2023 to Aug 22, 2023
Issue Size
₹153.05 Cr
Face value
₹10 per share
Fresh issue
₹91.30 Cr
Offer for sale
₹61.75 Cr
Minimum Shares for Retail
Listing on
Issue Type
Book Building
Registrar to the Issue
Bigshare Services Pvt Ltd
Tentative Listing Date
Wednesday, 30 August 2023

Pnb Investment Services Ltd
First Overseas Capital Limited

Incorporated in 1997, Pyramid Technoplast Limited manufactures polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements.

The company manufactures polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC), as well as MS Drums for packaging used in the packaging and transport of chemicals, agrochemicals, and specialty chemicals.

Pyramid Technoplast started its commercial production in 1998 and now has over 6 manufacturing units out of which four are situated in Bharuch, GIDC, Gujarat, and two are situated at Silvassa, UT of Dadra and Nagar Haveli. The total installed capacity of their Polymer Drum manufacturing units is 20,612 MTPA, the total installed capacity of the IBC manufacturing unit is 12,820 MTPA and the total installed capacity of the MS Drums unit is 6,200 MTPA. The company is in the process of constructing its seventh manufacturing unit which will also be situated in Bharuch, GIDC, Gujarat.

The company has obtained UN certification outlined by United Nations Recommendation for IBC and MS Drums to meet safety levels. The manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health, and safety management systems for the manufacture of Polymer Drums, carboys, jerry cans, IBC & MS Drums and accessories, and their MS Drums meet the quality standards as per IS 1783:2014 (Part 1 and 2) laid down by Bureau of Indian Standards.

For year/ period ended ( in Cr.)

H1FY23 FY22 FY21
Total Revenue 482.03 402.64 316.18
Profit After Tax 31.76 26.15 16.99
EPS 10.24 8.43 5.48
OPM (%) 8.9% 8.7% 7.2%
PATM (%) 6.6% 6.5% 5.4%


  • Diverse customer base
  • Comprehensive product portfolio
  • Strategic location of our manufacturing units.
  • Quality Standard Certifications & Quality Tests
  • Experienced Promoters and senior management team
  • Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company,
  • Funding working capital requirements of the company & General corporate purposes.

At the upper band of Rs. 166, the Company is valued at 16.2 times. Hence, investor can subscribe this IPO.

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