Pyramid Technoplast Ltd Company Summary

Pyramid Technoplast Ltd Summary

Pyramid Technoplast Limited was originally incorporated as Pyramid Technoplast Private Limited December 30, 1997 at Mumbai, Maharashtra; which subsequently, was converted from a Private Limited Company to a Public Limited Company and name of the Company was changed to Pyramid Technoplast Limited on March 29, 2023 by the Registrar of Companies, Mumbai. The Company is engaged in manufacturing polymer based molded products (Polymer Drums) mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements. It has 6 manufacturing units out of which 4 are situated at Bharuch, GIDC and 2 units are situated at Silvassa. These units are situated in the industrial belts of Bharuch and Silvassa which are manufacturing hubs for various industries like chemicals, agrochemicals, pharmaceuticals, lubricants, edible oil, etc.Apart from these, the Company is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000 litre capacity. It also manufacture MS Drums made of mild steel (MS) used in the packaging and transport of chemicals, agro chemicals and speciality chemicals. It use blow molding technology to manufacture Polymer Drums and IBC. The Company started commercial production of Polymer Drums at Silvassa Unit I in the year 1998. It expanded production line of Polymer Drums at Silvassa in 2011 and Bharuch in 2013. Thereafter, it commenced production of IBC at Bharuch in 2016; expanded the production of Polymer Drums in 2018 and commenced production of Mild Steel Drums at Bharuch in 2019. The Company is proposing an Initial Public Offering aggregating of 92,20,000 Equity Shares which comprises of issuing upto 55,00,000 Equity Shares through fresh issue and issuing upto 37,20,000 Equity Shares through Offer for sale.