Pyramid Technoplast IPO GMP, an industrial packaging company, is gearing up for its initial public offering (IPO) subscription starting on August 18th.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO GMP is ₹25 as of today.Grey Market Premium Analysts have reported that Pyramid Technoplast’s IPO shares are available in the grey market at over a 10% premium above the upper price band.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Price Band: The IPO price band is set at Rs 151-166 per share.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Issue Size: Pyramid Technoplast aims to raise Rs 139.22 crore at the lower band and Rs 153.05 crore at the upper end.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Objectives of the Issue: Proceeds from the fresh issue will be utilized for repaying borrowings (Rs 40 crore), meeting working capital requirements (Rs 40.21 crore), and general corporate purposes.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Lot Size: Investors can bid for a minimum of 90 equity shares, and in multiples of 90 shares thereafter.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Company Profile: Pyramid Technoplast manufactures polymer-based molded products, including polymer drums, utilized by chemical, agrochemical, specialty chemical, and pharmaceutical companies.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Financial Performance: Profit for FY23 stood at Rs 31.76 crore, a 21.5% increase over the previous year. Revenue from operations in FY23 reached Rs 480 crore, nearly 20% higher than the preceding year.
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Promoters and Management : The company is wholly owned by the Agarwal family. Key individuals include Bijaykumar Agarwal (Chairman and MD), Jaiprakash Agarwal (Whole-time Director and CFO), and Madhu Agarwal (Whole-time Director).
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Risk Factors: Highlighted risks include potential disruptions to manufacturing operations, dependence on polymer-based products, sensitivity to crude oil and iron ore prices
Pyramid Technoplast IPO opens for subscription
Pyramid Technoplast IPO opens for subscription
Allotment and Listing Dates: Allotment of IPO shares will be finalized by August 25, with shares credited to investors’ demat accounts by August 29.