Pyramid Technoplast Ltd IPO: Check IPO Date, Price, Details | Espresso


Pyramid Technoplast Limited IPO opens on August 18. Check IPO Details Issue Date Price

August 14, 2023
Pyramid Technoplast Limited IPO opens on August 18. Check IPO Details Issue Date Price

Pyramid Technoplast Limited is coming out with a fresh public issue to raise Rs. 153 crores from the market.

Below are the details of the Pyramid Technoplast Limited IPO:

  • Issue opens – August 18 (Friday)
  • Issue closes – August 22 (Tuesday)
  • Issue size – Rs. 153 crores
  • Price band – Rs. 151 to 166 per equity share
  • Bid lot – 90 shares and in multiples thereof.

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And here are some details of the company and further details on the Pyramid Technoplast Limited IPO.

  • Pyramid Technoplast Limited (“Pyramid Technoplast”) was incorporated on December 30,1997. Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements.  
  • They are one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC.  
  • They also manufacture MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals and speciality chemicals. 
  • Their products are marketed and sold under the brand name “Pyramid”.  
  • The company started commercial production in the year 1998. Presently, they have 6 strategically situated manufacturing units out of which 4 are in Bharuch, GIDC and 2 are situated at Silvassa. The 7th manufacturing unit is under construction at the Bharuch, GIDC. 
  • The total installed capacity of their Polymer Drum manufacturing units is 20,612 MTPA.  
  • The total installed capacity of their IBC manufacturing unit is 12,820 MTPA and the total installed capacity of their MS Drums unit is 6,200 MTPA. 
  • The company has obtained UN certification for IBC and MS Drums to meet safety levels outlined by United Nations Recommendations on the Transport of Dangerous Goods, in order to transport them safely (by road, rail, sea and air).
  • Their manufacturing units are ISO 9001:2015/ ISO 14001:2015/ISO 45001:2018 certified by quality, environment, health and safety management systems.

Company details:

Issue Size: Rs. 153 crores

Issue break-up:

  • QIB – 30% of the offer –  Rs. 45.92 crores
  • NIB – 20% of the offer – Rs. 30.61 crores
  • RET – 50% of the offer – Rs. 76.53 crores

Listing: BSE and NSE

Registrar: Bigshare Services Private Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Tuesday, August 22, 2023     

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