Pyramid Technoplast Ltd - IPO

Pyramid Technoplast Ltd IPO Details

Initial public offering of up to 92,20,000 equity shares of face value of Rs. 10 each (Equity Shares) of Pyramid Technoplast Limited (The Company or the Issuer) for cash at a price of Rs. 166 per equity share (including a premium of Rs. 156 per equity share) (Offer Price) aggregating up to Rs. 153.05 crores. The offer comprises fresh issue of up to 55,00,000 equity shares aggregating up to Rs. 91.30 crores (Fresh Issue) and an offer for sale of up to 37,20,000 equity shares by the company selling shareholder aggregating up to Rs. 61.75 crores (the Selling Shareholder) (the Offer for Sale, and together with the fresh issue, the Offer). The offer will constitute 25.06% of the compant post-offer paid-up equity share capital of the company. Offer Price: Rs.166 per equity share of face value of Rs.10 each.The Offer Price is 16.6 times of the face value The minimum bid lot is 90 equity shares and in multiples of 90 equity shares thereafter.

Objective of issue

Repayment and/or pre-payment or repayment, in full or part of certain outstanding borrowings availed by the company. Funding working capital requirements of the company. General corporate purposes.

Pyramid Technoplast Ltd Contact Details

Pyramid Technoplast Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - s@pyramidtechnoplast.com

Website - www.pyramidtechnoplast.com