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Prince Pipes and Fittings Limited IPO

Prince Pipes and Fittings Limited IPO

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Allotment Date :
Listing Date :
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Listed Price: ₹ 160.00 (-10.11%)

Prince Pipes and Fittings Limited's completed its IPO journey with a successful listing on NSE, BSE on 30-12-2019. The public offering mobilized 2,82,48,586 Shares in total capital, comprising TBD in fresh equity and ₹250.00 Cr in Offer for Sale shares from existing stakeholders.

The offering was conducted within the price band of ₹177 to ₹178, with minimum application lots of 84 shares. Investor participation during the 18-12-2019 to 20-12-2019 subscription window determined the final allocation pattern.

The basis of allotment was announced on 27-12-2019, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

Prince Pipes IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Prince Pipes IPO Key Performance Indicator
Company Financials ( in Lakhs )

Prince Pipes IPO About Company

Prince Pipes and Fittings Limited, established in 1987 and headquartered in Mumbai, is engaged in manufacturing polymer pipes and fittings, offering CPVC, UPVC, HDPE, and PPR pipes along with fittings in CPVC, UPVC, and PPR under the brand names Trubore and Prince Piping Systems. The company has a strong presence across North, South, and West India and offers a wide product portfolio with more than 7,000 items. It operates five manufacturing units in Haridwar, Athal, Dadra, Kolhapur, and Chennai, along with two contract manufacturing units in Hajipur and Aurangabad, and is planning additional facilities in Jobner, Rajasthan and Sangareddy, Telangana. To support its distribution network, the company maintains 10 warehouses, with Prince Piping Systems products sold through 843 distributors to wholesalers, retailers, and plumbers, while the Trubore brand is supplied directly to 212 wholesalers and retailers.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Prince Pipes IPO Strength Factors

  1. Well-known brand in the pipes and fittings market
  2. Wide range of products
  3. Manufacturing units in multiple locations across India
  4. Strong presence in North, West, and South India
  5. Distributor network spread across the country
  6. Works with international partners to maintain high product quality

Prince Pipes IPO Risk Factors

NA


Prince Pipes IPO Lead Manager(s)

  • Jm Financial Limited
  • Edelweiss Financial Services Limited

Prince Pipes IPO Promoter(s)

  1. Mr. Jayant Shamji Chheda
  2. Mrs. Tarla Jayant Chheda
  3. Mr. Parag Jayant Chheda
  4. Mr. Vipul Jayant Chheda
  5. Mrs. Heena Parag Chheda

Prince Pipes IPO Company Details

Prince Pipes and Fittings Limited
Phone:
address:

Prince Pipes IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Prince Pipes IPO FAQs