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02 September 2023

Pyramid Technoplast Limited IPO: Pioneering Polymer Packaging

Introduction:

Established in 1997, Pyramid Technoplast Limited has emerged as a prominent player in the domain of manufacturing polymer-based molded products, specifically polymer drums. The company's product portfolio caters to the packaging needs of diverse industries including chemicals, agrochemicals, specialty chemicals, and pharmaceuticals.

Product Range:

Pyramid Technoplast specializes in crafting polymer-based bulk packaging drums and Intermediate Bulk Containers (IBCs), along with manufacturing MS drums. These containers serve as essential vessels for storing, transporting, and safeguarding chemicals, agrochemicals, and specialty chemicals.

Manufacturing Excellence:

With commercial production commencing in 1998, Pyramid Technoplast has expanded its manufacturing prowess to encompass six units. Four of these units are strategically located in Bharuch, GIDC, Gujarat, while the remaining two are situated in Silvassa, Dadra and Nagar Haveli. The company's manufacturing units boast an impressive installed capacity that spans polymer drums, IBCs, and MS drums. Further expansion is underway with the construction of the seventh manufacturing unit in Bharuch.

Safety and Compliance:

Pyramid Technoplast prioritizes safety and quality by securing UN certification as outlined by United Nations Recommendations for IBC and MS drums, ensuring adherence to safety standards. The company's manufacturing units are certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, reflecting its commitment to quality, environment, health, and safety management systems.

IPO Insights:

Pyramid Technoplast's growth trajectory continues with its Initial Public Offering (IPO). The IPO is a Book Built Issue with a total issue size of ₹153.05 Crores and a price range of ₹151 to ₹166 per share. The listing will be on both BSE and NSE, allowing investors to partake in the company's growth journey.

Expert Opinion:

Pyramid Technoplast's consistent growth over the past fiscal years, along with its ongoing expansion efforts, highlights its potential in the industrial packaging sector. The IPO pricing based on FY23 performance indicates that it's reasonably valued. Informed investors considering long-term rewards might find this IPO a worthwhile investment.

Conclusion:

Pyramid Technoplast's commitment to quality, safety, and expansion positions it as a formidable player in the industrial packaging domain. As investors weigh their options, exploring the company's product range, financial performance, and market prospects will guide their investment decisions. Diligent research and analysis are pivotal in making informed investment choices.

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