Mr. Bijaykumar Agarwal, Chairman and Managing Director of Pyramid Technoplast Ltd(*18*)
Mumbai (Maharashtra) [India], August 11: Pyramid Technoplast Restricted, an industrial packaging firm recognized for its experience in manufacturing polymer primarily based molded merchandise is planning to increase up to Rs. 153.05 crore from its public subject to fund its growth plans. The corporate plans to use subject proceeds for compensation of excellent borrowings, funding working capital requirement and normal company functions. The general public subject will open for subscription on August 18 and can shut on August 22, 2023. The corporate’s shares can be listed within the BSE & NSE. The E-book Working Lead Managers to the Supply are PNB Funding Companies Restricted and First Abroad Capital Restricted. The Registrar to the Supply is Bigshare Companies Non-public Restricted.(*18*)
The preliminary public providing of up to 92.20 lakh fairness shares of face worth Rs. 10 every includes of recent subject of up to 55 lakh fairness shares and a proposal on the market of up to 37.20 lakh fairness shares by the promoter group – Credence Monetary Consultancy LLP. Firm has mounted value band of Rs. 151-166 per fairness share for the general public subject. The corporate plans to increase up to Rs. 153.05 crore from the general public subject on the larger value band of Rs. 166 per share. The minimal lot dimension for the appliance is 90 shares and a number of thereof. Retail investor and HNI quota for the IPO is stored at not lower than 50% and 20% of the difficulty respectively whereas QIB quota is stored at a most 30% of the difficulty.(*18*)
The provide consists of recent subject aggregating Rs. 91.30 crore and provide on the market by the Promoting Shareholder aggregating to Rs. 61.75 crore on higher band value by way of the Supply.(*18*)
Mr. Bijaykumar Agarwal, Chairman and Managing Director of Pyramid Technoplast Restricted states, “The Supply marks a big milestone in our ongoing journey. Our purpose is to ship high-quality merchandise to our valued prospects, drawing upon our wealth of expertise. With India rising as a distinguished manufacturing hub for the chemical and pharmaceutical trade, we anticipate steady enhance in demand for our packaging options. The capital generated from the Supply will play a pivotal function in driving our growth and enabling us to enhance the market share.”(*18*)
Included in 1997, Pyramid Technoplast Restricted manufactures polymer-based molded merchandise (Polymer Drums) primarily utilized by chemical, agrochemical, specialty chemical, and pharmaceutical corporations for his or her packaging necessities. Firm has six manufacturing models out of which 4 are located in Bharuch, GIDC, Gujarat, and two are located at Silvassa, UT of Dadra and Nagar Haveli. The full put in capability of their Polymer Drum manufacturing models is 20,612 MTPA, the full put in capability of the IBC manufacturing unit is 12,820 MTPA and the full put in capability of the MS Drums unit is 6,200 MTPA. The corporate is within the course of of establishing its seventh manufacturing unit which can even be located in Bharuch, GIDC, Gujarat. The corporate has obtained UN certification outlined by United Nations Suggestion for IBC and MS Drums to meet security ranges.(*18*)
The monetary efficiency of the corporate has exhibited appreciable progress over time, demonstrating growth and stability. For FY22-23 firm reported income of Rs. 482.03 crore and web Revenue of Rs. 31.73 crore. As on March 2023, Web price of the corporate stands at Rs. 107.25 crore, Complete Property at Rs. 225.78 crore and Reserves & Surplus at Rs. 75.97 crore.(*18*)
Particulars | FY23 | FY22 | FY21 |
Income (Rs in Cr) | 482.03 | 402.64 | 316.18 |
Web Revenue (Rs in Cr) | 31.76 | 26.15 | 16.99 |
EBITDA (%) | 10.75% | 11.03% | 10.28% |
PAT (%) | 6.59% | 6.49% | 5.37% |
ROCE (%) | 28.83% | 28.49% | 27.85% |
IPO Highlights – Pyramid Technoplast Ltd | |
IPO Opens on | August 18, 2023 |
IPO Closes on | August 22, 2023 |
Issue Value Band | Rs. 151-166 Per Share |
Issue Measurement (No of Shares) | 92.20 lakh Fairness Shares |
Contemporary Issue (No of Shares) | 55 lakh Fairness Shares |
Supply for Sale (No of Shares) | 37.20 lakh Fairness Shares |
Issue Measurement (Rs. Cr) | Rs. 139.22 – 153.05 crore |
Itemizing on | BSE & NSE |
When you have any objection to this press launch content material, kindly contact pr.error.rectification@gmail.com to notify us. We are going to reply and rectify the state of affairs within the subsequent 24 hours.(*18*)