Pyramid  Limited IPO GMP Details

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Pyramid Technoplast Limited About

Pyramid Technoplast Limited is an industrial packaging company based in India. They specialise in the manufacturing of polymer-based moulded products, particularly polymer drums, which are widely used by various industries such as chemical, agrochemical, speciality chemical, and pharmaceutical companies for their packaging needs. In addition to polymer drums, Pyramid Technoplast is also recognised as one of India's leading manufacturers of rigid Intermediate Bulk Containers (IBCs). Their IBCs have a capacity of 1,000 litres and are designed to handle, transport, and store liquids, semi-solids, pastes, or solids in industrial settings

Pyramid Technoplast  IPO

Pyramid Technoplast is a fresh issue and offer for sale IPO worth ₹153.05 crore. The issue comprises 92,20,000 shares and is priced at ₹151 to ₹166 per share. Retail investors can bid for the Pyramid Technoplast Limited IPO, which will open on August 18, 2023. Pyramid Technoplast Limited’s IPO will list on NSE and BSE exchanges on August 30, 2023.

Pyramid Technoplast

GMP IPO Dates

18 Aug, 23

22 Aug, 23

25 Aug, 23

30 Aug, 23

IPO Strengths

The company’s profit after tax increased by ~88% from ₹1,691.04 lakh on March 31, 2021, to ₹3,176.07 lakh on March 31, 2023.

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Pyramid Technoplast

IPO Strengths

The net worth of the company has been consistently increasing. It grew by ~2.196 times from ₹4,884.60 lakh on March 31, 2021, to ₹10,725.02 lakh on March 31, 2023.

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Pyramid Technoplast

IPO Risks

Certain contingent liabilities that may potentially pose risks to the financial condition of the company are not fully reflected in its financial statements.

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Pyramid Technoplast

IPO Risks

In the past, the company has encountered negative cash flows, and there is a possibility that such circumstances may persist in the future, which could have an adverse impact on the business.

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Pyramid Technoplast

IPO Platforms

Agent One

Zerodha

Upstox

5paisa

Groww

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