Pyramid Technoplast IPO: A good investment opportunity

Pyramid Technoplast IPO: All you need to know

Pyramid Technoplast Limited, a leading manufacturer of polymer-based molded products, is set to launch its initial public offering (IPO) on August 18, 2023. The company is looking to raise ₹153.05 crore through the IPO, which will consist of a fresh issue of 55 lakh shares and an offer for sale (OFS) of 37.2 lakh shares.

Pyramid Technoplast is a well-established player in the industrial packaging market. The company has a strong track record of growth, with revenue and profit increasing steadily in recent years. In the fiscal year 2022-23, the company's revenue grew by 27.35% to ₹40,264.15 lakhs, while its profit after tax grew by 11% to ₹157.4 crore.

The company's growth is being driven by a number of factors, including:

• The increasing demand for polymer-based molded products from various industries, such as chemicals, agrochemicals, pharmaceuticals, and food processing.

• The company's strong brand reputation and customer base.

• The company's focus is on innovation and product development.

Pyramid Technoplast is well-positioned to continue its growth in the coming years. The company has a strong management team with a proven track record, and it is well-funded with the proceeds from the IPO. The company is also expanding its manufacturing capacity to meet the growing demand for its products.

More details about Pyramid Technoplast IPO.

The IPO is open for subscription from August 18 to August 22, 2023. Retail investors can bid for a minimum of 90 shares and in multiples thereof. The shares are expected to list on the BSE and NSE on August 30, 2023.

Here are some key details about the Pyramid Technoplast IPO:

• Issue size: ₹153.05 crore

• Price band: ₹151-166 per share

• Fresh issue: 55 lakh shares

• OFS: 37.2 lakh shares

• Listing date: August 30, 2023

If you are looking for an investment opportunity in a well-managed and growing company, then the Pyramid Technoplast IPO could be a good option for you. However, it is important to do your own research before investing in any IPO.

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