Prince Pipes and Fittings Ltd IPO

Prince Pipes and Fittings Ltd IPO

Prince Pipes and Fittings Ltd IPO is a Mainstream IPO, which is open for all investors from 18th December 2019, Thursday to 20th December 2019, Wednesday. Promoters are offering 4,230,000 equity shares to public through this issue which is worth of Rs 21.57 Crores. For other IPO details on Prince Pipes and Fittings Ltd IPO, scroll below

IPO Details

Grey Market Premium of Prince Pipes and Fittings Ltd IPO

Find the updated the GMP of Prince Pipes and Fittings Ltd IPO

Date
Grey Market Premium of Prince Pipes and Fittings Ltd IPO
Kostak of Prince Pipes and Fittings Ltd IPO
Sauda of Prince Pipes and Fittings Ltd IPO
22-Feb-2020 Not Available Not Available Not Available
21-Feb-2020 Not Available Not Available Not Available
20-Feb-2020 Not Available Not Available Not Available
19-Feb-2020 Not Available Not Available Not Available
18-Feb-2020 Not Available Not Available Rs 400
17-Feb-2020 Rs 0 – Rs 3 Not Available Rs 400
16-Feb-2020 Rs 0 – Rs 3 Not Available Rs 400
15-Feb-2020 Rs 3 – Rs 6 Not Available Rs 400
14-Feb-2020 Rs 7 – Rs 11 Not Available Rs 200
13-Feb-2020 Rs 7 – Rs 11 Not Available Rs 200
12-Feb-2020 Rs 7 – Rs 11 Not Available Rs 200
11-Feb-2020 Rs 7 – Rs 11 Not Available Rs 200
10-Feb-2020 Rs 9 – Rs 16 Rs 200 Rs 600
9-Feb-2020 Rs 9 – Rs 16 Rs 300 Rs 600
8-Feb-2020 Rs 19 – Rs 26 Rs 350 Not Available
7-Feb-2020 Rs 39 – Rs 46 Rs 350 Not Available
6-Feb-2020 Rs 39 – Rs 46 Rs 350 Not Available
5-Feb-2020 Rs 39 – Rs 46 Rs 350 Not Available
4-Feb-2020 Not Available Not Available Not Available
3-Feb-2020 Not Available Not Available Not Available

Allotment Status of Prince Pipes and Fittings Ltd IPO

Company Background

Prince Pipes and Fittings Ltd is a Mumbai based manufacturer of polymer pipes & fittings, with an annual revenue of Rupees 380.192 crores.

  • Company uses Prince Piping Systems and Trubore brand names to market its products
  • Company holds 6 plants and 11 warehouses
  • Prince Piping Systems sold its products to 1,151 distributors
  • Trubore sold its products to 257 wholesalers and retailers

Date of Incorporation

Prince Pipes and Fittings Ltd was incorporated as Prince Pipes and Fittings Private Limited on 13th November 1987. After a series of changes , company’s name was finally changed to Prince Pipes and Fittings Limited on August 7th 2017 with a Corporate Identification Number, U26932GA1987PLC006287

Promoters of Prince Pipes and Fittings Ltd

Jayant Shamji Chheda, Tarla Jayant Chheda, Parag Jayant Chheda, Vipul Jayant Chheda and Heena Parag Chheda are the promoters of the company

Product & Services Offered

Prince Pipes & Fittings Limited offers following products & services to its customers:-

  • Company manufactures pipes and fittings
  • Company manufacture polymer pipes using four different polymers:
    UPVC; CPVC; PPR; and HDPE, and fittings using three different polymers: UPVC; CPVC; and PPR.

Clientele base of the company

Company caters both domestic distributors.

  • Company has presence across the country with its distribution network
  • Prince Piping Systems sells its products to distributors, who then resell the products to wholesalers, retailers,
    and plumbers

Purpose of this IPO

Purpose of the issue:

  • Repay its outstanding loans
  • Establishing new manufacturing plant
  • Upgradation of equipment at the current set up
  • General corporate purposes

Prince Pipes and Fittings Ltd IPO Issue Details

Issue Details
Issue Open 18th December 2019, Wednesday Issue Close 20th December 2019, Friday
Issue Type Book built Price IPO Issue Face Value ₹ 10 Per Equity Share
Price Band ₹ 177 to ₹ 178 Per Equity Shares Bid Lot & Minimum order quantity 84 Shares
Issue Size ₹ 500 Crore Listing at NSE, BME

Prince Pipes and Fittings Ltd IPO Timeline

Tentative IPO Timeline
Bid Opens on 18th December 2019, Wednesday Bid Closes on 20th December 2019, Friday
Finalization of basis of allotment 26th December 2019, Thursday Initiation of Refunds 27th December 2019, Friday
Credit of shares to demat account 30th December 2019, Monday Listing Date 31st December 2019, Tuesday

Company Financials

For the year/period ended (₹ in Millions)
Three months period
ended on 30-June-2019
31-Mar-19
31-Mar-18
31-Mar-17
31-Mar-16
Total Assets 10,144.57 10,404.13 9,798.77 7,605.05 6,533.00
Total Revenue 3,801.92 15,789.95 13,265.71 13,324.95 10,816.18
Profit After Tax 266.69 833.51 727.66 741.82 295.35

Ratings & Reviews of Prince Pipes and Fittings Ltd IPO

This IPO is yet to be reviewed by experts

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of Prince Pipes and Fittings Ltd IPO

Bidding Status

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Listing Day Information

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IPO Lead Managers

Edelweiss Capital Limited & JM Financial Consultants Private Limited are managing the IPO for the company

Address of Prince Pipes and Fittings Ltd IPO

Prince Pipes and Fittings Ltd
Plot No.1, Honda Industrial Estate,
Phase II, Honda Sattari,
Honda, Goa 403 530, India
Phone: +91 22 66022222

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