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Pyramid Technoplast Limited IPO Review

Pyramid technoplast pvt. Ltd was engaged in the company in the industrial packaging sector that creates molded products (specifically Polymer Drums) from polymers. Their primary customers come from the chemical, agrochemical, specialty chemical, and pharmaceutical industries, using their products for their packaging needs. In India, they are among the top producers of sturdy Intermediate Bulk Containers (IBCs). Their focus is on creating IBCs with a capacity of 1,000 liters.
Their Strengths are a Diverse customer base, Comprehensive product portfolio, Strategic location of their manufacturing units, Quality Tests, Experienced Promoters, and senior management team, Their Strategies are Continued focus on IBC by expanding their existing facilities, continued focus on Polymer Drums, exploring organic growth opportunities to increase capacity and business and Exploit industry opportunities. They have a team of skilled and knowledgeable individuals in their sales and marketing department. They are experts in building, nurturing, and enhancing connections with their customers.
 

Pyramid Technoplast Limited Products and Services

They make Polymer Drums and IBCs using blow molding technology. For things like caps, closures, bungs, lids, handles, and lugs, they use injection molding. These items are branded and sold as "Pyramid." Before they send their products to customers, they put them through rigorous quality checks to make sure they meet the standards of the industry. pyramid technoplast private limited performs different types of tests, such as hydrostatic and pneumatic tests, to check for leaks and breakages in the containers. They also assess how they'll resist environmental stress cracking and conduct other relevant tests.
They create Polymer Drums, cans, and containers by employing blow molding machines. Additionally, they utilize injection molding machines to produce caps, closures, bungs, lids, handles, and lugs. These smaller components are intended for their own use within the company. They produce sturdy, cube-shaped Intermediate Bulk Containers (IBCs) that come with a built-in pallet base. This design allows easy movement using forklifts and pallet jacks. The cube shape not only enhances the way items are packaged, stacked, and stored, but it also improves efficiency in shipping and optimizes space utilization for these larger containers.

Financial Overview

This company stands out as a prominent player in the industrial packaging sector. It specializes in producing and promoting molded products made from polymers. Over the last three financial years, it has consistently achieved growth in both its revenue and profits. The company is in the process of establishing its seventh manufacturing facility to enhance its production capabilities. Looking at the performance in the fiscal year 2023, the current offering seems to have a price that adequately reflects its value. Investors may think to apply for this IPO after doing the research.