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Prince Pipes & Fittings Ltd.

Prince Pipes & Fittings Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹178
₹178
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹178
Based on GMP
Min. Investment
₹14,952
1 lot × 84 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
18 Dec 2019
Close Date
20 Dec 2019
Allotment
26 Dec 2019
Listing Date
30 Dec 2019
Exchange
NSE & BSE
Price Band
₹178
Listing Price
See chart
Allotment Status
Price Band
₹178
Per share
Face Value
₹10 per share
 
Lot Size
84 Shares
per lot
Issue Size
2,80,89,885 shares (aggregating up to ₹500.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,952
1 lot
Pre-IPO Holding
9,59,80,816 shares
Promoters
Post-IPO Holding
11,00,25,759 shares
Promoters
P/E (Pre)
18.35x
 
UPI Deadline
2019-12-20
Mandate
Anchor AllotmentTue, 17 Dec 2019
Basis of AllotmentThu, 26 Dec 2019
Refund InitiationFri, 27 Dec 2019
Demat CreditMon, 30 Dec 2019
Listing DayMon, 30 Dec 2019
UPI Mandate Deadline2019-12-20
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares1,40,44,943 shares (aggregating up to ₹250.00 Cr)
Offer for Sale1,40,44,942 shares of ₹10 (aggregating up to ₹250.00 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Prince Pipes & Fittings Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 20 Dec 2019.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
28,089,885
100% ₹500.00
IPO Shares Offered
Prince Pipes & Fittings Ltd. IPO total issue size: ₹500.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 28,089,885 ₹500.00
100.00%
* Based on upper price band ₹178 per share
Lot Size & Investment
Lot Size
84
Shares per Lot
Issue Price
₹178.00
Upper Band
Min Investment
₹14,952
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2168₹29,904
Retail (Max — 13 Lots)131,092₹194,376
S-HNI (Min — 14 Lots)141,176₹209,328
B-HNI (Min — 68 Lots)685,712₹1,016,736
* Issue Price ₹178 × Lot Size 84 shares
IPO Schedule
Anchor
17 Dec 2019
✓ Done
IPO Open
18 Dec 2019
✓ Done
IPO Close
20 Dec 2019
✓ Done
Allotment
26 Dec 2019
✓ Done
Refunds
27 Dec 2019
✓ Done
Demat Credit
30 Dec 2019
✓ Done
Listing Day
30 Dec 2019
✓ Done
Prince Pipes & Fittings Ltd. — Live Price LIVE
₹178.00
INR · BSE
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Issue ₹178.00 Live Price
About Prince Pipes & Fittings Ltd.
Incorporated in 1987, Mumbai based Prince Pipes and Fittings Limited is engaged in manufacturing of polymer pipes and fittings. The company produces four types of polymer pipes including CPVC, UPVC, HDPE, PPR and three different polymer fitting types CPVC, PPR, and UPVC. It is operating in the polymer pipe segment under two brand names; which are Trubore and Prince Piping Systems. The company has a corporate office in Mumbai and a strong presence across North, South and West India.Prince Pipes provides an end to end solutions across a wide product range (7,480 SKUs as on 30th June 2018). It has 5 manufacturing units located at Haridwar (Uttarakhand), Athal (Dadra and Nagar Haveli), Dadra (Dadra and Nagar Haveli), Kolhapur (Maharashtra) and Chennai (Tamil Nadu). Besides, two contract manufacturing units are located at Hajipur (Bihar) and Aurangabad (Maharashtra).The company is also planning to open two manufacturing units at Jobner (Rajasthan) and Sangareddy (Telangana). Prince Pipes and Fittings Ltd has 10 warehouses to store the products. The company sells the products under Prince Piping Systems brand name to 843 distributors which further sell them to wholesalers, retailers and plumbers. The products under Trubore are directly sold to 212 wholesalers and retailers.Competitive StrengthsStrong brand presence in pipes and fittings segmentDiverse product portfolioMulti-location manufacturing units in IndiaA strong presence in North, West and South IndiaA pan-India network of distributorsTechnical collaboration with international players to maintain quality of products
Objects of the Issue
1
1 Repayment or prepayment, in full or part, of certain outstanding loans of our Company
2
2 Financing the project cost towards establishment of a new manufacturing facility
3
3 Upgradation of equipment atour manufacturing facilities
4
4 General corporate purposes
Prince Pipes & Fittings Ltd. Financials (Amount in Crore)
Revenue from Operations
₹1,326.6
31-Mar-18
₹1,579.0
31-Mar-19
₹380.2
30-June-2019
Profit After Tax (PAT)
₹72.8
31-Mar-18
₹83.4
31-Mar-19
₹26.7
30-June-2019
Particulars30-June-201931-Mar-1931-Mar-18
Revenue from Operations 380.19 1578.99 1326.57
EBITDA N/A N/A N/A
Profit After Tax (PAT) 26.67 83.35 72.77
Net Worth N/A N/A N/A
Total Assets 1014.46 1040.41 979.88
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered2,80,89,885 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding9,59,80,816 shares
Post-Issue Promoter Holding11,00,25,759 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Edelweiss Financial Services Ltd.
JM Financial Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Prince Pipes & Fittings Ltd. IPO subscribed?

Prince Pipes & Fittings Ltd. IPO is subscribed 1.00 times by Dec 20, 2019. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Prince Pipes & Fittings Ltd. IPO retail subscription status?

The Prince Pipes & Fittings Ltd. IPO retail category is subscribed 1.00 times as of 20 Dec 2019. The retail portion is oversubscribed.

How to subscribe Prince Pipes & Fittings Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 18 Dec 2019 and closes 20 Dec 2019. Min investment: ₹14,952 (1 lot = 84 shares). UPI mandate: 2019-12-20.

How many times Prince Pipes & Fittings Ltd. IPO subscribed?

The Prince Pipes & Fittings Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Prince Pipes & Fittings Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 26 Dec 2019. Refunds: on 27 Dec 2019.

When Prince Pipes & Fittings Ltd. IPO will be listed?

The Prince Pipes & Fittings Ltd. IPO listing date is 30 Dec 2019, Monday. Listed on: NSE & BSE. Issue price: ₹178. Estimated listing: ₹178. GMP: NIL.

When Prince Pipes & Fittings Ltd. IPO close?

The Prince Pipes & Fittings Ltd. IPO closes on 20 Dec 2019, Friday. UPI mandate: 2019-12-20. Allotment: 26 Dec 2019. Listing: 30 Dec 2019.