Pyramid Technoplast IPO Opens on 18th August. 7 Things to Know Before Investing

Date : 17/08/2023
Read: 3 mins

Industrial packaging manufacturer, Pyramid Technoplast, is launching its Initial Public Offer (IPO) on 18th August 2023. The IPO will mark the company’s debut on the Indian stock exchange. Check out 7 important details of the IPO before you consider investing in it.

The Initial Public Offer of the leading industrial packaging manufacturer, Pyramid Technoplast, is set to open on 18^th August 2023. Established in 1997, Pyramid Technoplast manufactures and distributes polymer-based moulded products for industrial use. Its Bulk Containers and Polymer Drums are two of its in-demand products. Pyramid Technoplast has shown consistent growth in its revenue and profits over the last couple of years. Revenue jumped to Rs 482 crores in the financial year 2022-23 compared to Rs 403 crores in 2021-22. Profit after tax also increased from Rs 26 crores in 2021-22 to Rs 32 crores in 2022-23. If you are thinking of investing in the company’s IPO, check out the 7 important details of the same.

Highlights

Pyramid Technoplast IPO opens on 18^th August and closes on 22^nd August 2023
The price band per share is fixed between Rs 155 and Rs 161. The minimum lot size is 90 shares
The issue includes a fresh issue of 55 lakh shares and an OFS of 37.20 lakh shares
The proceeds from the issue would be used to fund debt payments, working capital needs and other corporate uses

1 – Pyramid Technoplast IPO Date

Pyramid Technoplast IPO opens on 18^th August and closes on 22^nd August 2023.

2 – Pyramid Technoplast IPO Price Band

The per unit cost of the share has been fixed in the price band of Rs 155 and Rs 161.

3 – Minimum Investment Required

The lot size is 90 shares per application. At the upper price band of Rs 161, the minimum investment required per application is Rs 14,940.

4 – Size of the Issue

Pyramid Technoplast is issuing 92.20 lakh shares, eyeing to raise Rs 153.05 crores through the IPO at the upper price band.

5 – Issue Composition

The IPO includes a fresh issue of 55 lakh shares and an Offer For Sale of 37.20 lakh shares by the company’s existing promoters.

Also Read - Know how IPOs differ from NFOs

6 – Pyramid Technoplast IPO Allotment and Listing Dates

The tentative basis of allotment is 25^th August, and the allotment is expected to be done by 29^th August. Refunds might be completed by the 28^th August, and the company will debut on the NSE and the BSE on the 30^th August.

7 – Use of Pyramid Technoplast IPO Funds

The company will be using the IPO proceeds to fund its working capital needs, make debt repayments and for other corporate general uses.

The bottom line

Know the full details of the IPO before you subscribe so that you know what you are investing in. If the company’s technical and fundamental analysis aligns with your investment needs, the IPO can be a good choice.

Click here to read the latest articles on Stocks

Also Read – Know more about grey markets in IPOs