Pyramid Technoplast Limited IPO

Pyramid Technoplast Limited is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical, and pharmaceutical companies for their packaging requirements. They are one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity IBC (Source: Marketysers Report). IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. rigid IBCs are manufactured across a volume range that is in between that of standard shipping drums and intermodal tank containers, hence the title intermediate bulk container.

Pyramid Technoplast also manufactures MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agrochemicals, and speciality chemicals. They use blow molding technology to manufacture Polymer Drums and IBCs. Injection molding technology is used for manufacturing caps, closures, bungs, lids, handles, lugs, etc. for in-house use. Our products are marketed and sold under the brand name “Pyramid”.

They have six strategically situated manufacturing units out of which four (4) are in Bharuch, GIDC, and two (2) are situated at Silvassa. The seventh (7) manufacturing unit is under construction at the Bharuch, GIDC adjacent to the existing six units. The total installed capacity of their Polymer Drum manufacturing units is 18,837 MTPA. The total installed capacity of their IBC manufacturing unit is 3,240 MTPA and the total installed capacity of their MS Drums unit is 3,600 MTPA.

Objects of the Issue

• Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by our Company;
• Funding working capital requirements of our Company;
• General corporate purposes.

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