Pyramid Technoplast IPO : How to check the Allotment Status
The ₹153.05 crore IPO of Pyramid Technoplast Ltd consisted of a combination of a fresh issu of shares and an offer for sale (OFS) of the said amount. Both together constituted the overall size of the IPO. The response was strong and it was subscribed 18.29X overall at the close of bidding on 22nd August 2023 with the QIB segment seeing 9.94 times subscription and the retail portion seeing 14.72 times subscription. However, the HNI / NII portion of the IPO got the best subscription response of 32.24 times of the respective quota. The allocation to the QIB segment was 50%, HNI / NII was 15% and the retail quota was 35%. The table below captures the extent of oversubscription for various categories.\
|Qualified Institutional Buyers (QIB)||9.94 Times|
|S (HNI) ₹2 lakhs to ₹10 lakhs||29.09|
|B (HNI) Above ₹10 lakhs||33.81|
|Non Institutional Investors (NII)||32.24 Times|
|Retail Individuals||14.72 Times|
|Overall Subscription||18.29 Times|
The basis of allotment will be finalized on 25th August 2023, the refunds will be initiated on 28th August 2023, demat credits will be finalized on 29th August 2023, while the stock of Pyramid Technoplast Ltd will get listed on the NSE and the BSE on 30th August 2023. The company had a pre-IPO promoter holding of 100.00% and post the OFS, the promoter stake in Pyramid Technoplast Ltd will stand reduced to 74.94%. This is a mandatory requirement since listed companies have to offer at least 25% to the public. On listing, the company will have an indicative market capitalization of ₹611 crore and the stock will be trading at a starting P/E ratio of 16.21X.
If you have applied for the IPO, there are two ways that you can check your allotment status online. You can either check your allotment status on the BSE (Bombay Stock Exchange) website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.
Checking the allotment status of Pyramid Technoplast Ltd IPO on BSE website
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below
Once you reach the page, here are the steps to follow.
• Under Issue Type – Select Equity Option
• Under Issue Name – Select Pyramid Technoplast Ltd from the drop down box
• Enter the Application Number exactly as in the acknowledgement slip
• Enter the PAN (10-digit alphanumeric) number
• Once this is done, you need to click on the Captcha to verify that you are not a robot
• Finally click on the Search Button
In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. You can either input the application number or you can input your PAN.
Once the data is inputted and the captcha verification is done, the allotment status will be displayed on the screen in front of you informing about the number of shares of Pyramid Technoplast Ltd allotted into your demat account. It is suggested that you take a screenshot of this output page and store for future reference. You can verify the demat credit by the close of 29th August 2023.
Checking the allotment status of Pyramid Technoplast Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)
Visit the Bigshare Services registrar website for IPO status by clicking on the link below:
Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select.
This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Pyramid Technoplast Ltd from the dropdown box. The basis of allotment will be finalized on 25th August 2023, so in this case, you can access the details on the registrar website either late on 25th August 2023 or by middle of 25th August 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.
• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip.
• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where the account is held i.e. NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. After that you can click the Search Button in both cases.
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.
The IPO status with number of shares of Pyramid Technoplast Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 29th August 2023; so you are all set for the listing day decision on 30th August 2023.
Business model of Pyramid Technoplast Ltd
Pyramid Technoplast Ltd was incorporated in the year 1997 to manufacture polymer-based molded products. Better known as Polymer Drums, they are principally used for packaging in industries like chemicals, agrochemicals, specialty chemicals, and pharmaceutical sectors. Some of its key products include polymer-based bulk packaging drums and Intermediate Bulk Containers (IBC). It also specializes in the manufacture of MS Drums for packaging and transporting of volatile chemicals, agrochemicals, and specialty chemicals. It currently has 6 manufacturing units, of which 4 are located in GIDC, Bharuch while the other 2 are located in Silvassa, Dadra & Nagar Haveli. Pyramid Technoplast Ltd has total polymer drum manufacturing capacity of 20,612 MTPA, IBC manufacturing capacity of 12,820 MTPA and MS Drums manufacturing capacity of 6,200 MTPA. It is currently foraying into building its seventh plant, also in GIDC, Bharuch.
The company is certified by the UN based on the United Nations Recommendation for IBC and MS Drums to meet safety levels. Its business is broadly divided into the IBC Containers vertical, MS Barrels vertical and the Plastic Barrels vertical. Some of the premium clients of Pyramid Technoplast for its polymer based packaging solutions include Gujarat Alkalis & Chemicals Ltd (GACL), Deepak Nitrite, United Phosphorus (UPL), Patanjali Group, Adani Wilmar Ltd, Apar group, Alkyl Amines, Asian Paints and the JSW Group, owned by the Jindal family.
The issue will be lead managed by PNB Investment Services Ltd and First Overseas Capital Ltd. Bigshare Services Private Ltd will be the registrar to the issue.
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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