PYRAMID TECHNOPLAST LIMITED

PYRAMID TECHNOPLAST LIMITED - IPO DETAILS 

Company Overview 

Established in 1997, Pyramid Technoplast Limited specializes in the production of polymer-based molded items, primarily polymer drums, which are extensively utilized by chemical, agrochemical, specialty chemical, and pharmaceutical companies to meet their packaging demands. The company's product line includes polymer drums, bulk packaging drums, Intermediate Bulk Containers (IBC), and MS Drums, serving the packaging and transportation needs of chemical, agrochemical, and specialty chemical sectors. 

Having initiated its commercial operations in 1998, Pyramid Technoplast has now established a prominent presence, operating across more than six manufacturing facilities. Among these, four strategically reside in Bharuch, GIDC, Gujarat, while the remaining two are positioned in Silvassa, UT of Dadra and Nagar Haveli. 

Significantly, the company is presently in the process of establishing its seventh manufacturing unit, set to be situated in Bharuch, GIDC, Gujarat. This expansion is a clear testament to the company's dedication to augmenting its production capabilities and effectively meeting the evolving needs of its customer base. 

Objective of the IPO 

Here are a few quick reasons why Pyramid Technoplast Limited going public:  

1. Settling or partially repaying existing borrowings. 

2. Supporting the company's operational capital needs. 

3. Addressing general corporate objectives. 

Company Financials 

Key Performance Indicator 

Pros 

1. In Gujarat, the business operates 6 strategically positioned manufacturing facilities. 

2. Having a broad consumer base and being well-positioned in the market. 

3. The business units are accredited to ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. 

4. It offers a wide range of products. 

Cons 

1. Increased working capital needs. 

2. No long-term agreements with clients or suppliers. 

3. Past negative cash flow that might happen again. 

4. The company's operations may be impacted by any government restrictions on packaging made of polymers. 

How to Apply for this IPO 

1. Go to https://ipo.adityatrading.in/ 

2. Enter your Client ID 

3. Enter the OTP received in your registered mobile number. 

4. Choose the IPO and click on apply button. 

5. Enter the UPI ID, Quantity, and Cut off the price. 

6. Click on submit button 

7. Confirm the mandate request received on your phone by entering the UPI Pin. 

You can also watch our youtube video on “How to Apply on IPO” by clicking on the link “https://www.youtube.com/watch?v=1qOI8dCpl1I&ab_channel=ATS”