Prince Pipes and Fittings Limited was started on November 1, 1987 in Mumbai. Subsequently, on July 1, 1998, the company became a public limited company and on May 18, 2001, it was transformed back into a private company. It then transformed the company into a public limited company on 11 August 2017.
More than 30 years experience in making polymer pipes as well as more than 20 years experience in production fittings and number of distributors, PPFL is recognized as a leading company in India as a manufacturer of polymer pipes and fittings in terms of production capacity, number of products produced, variety.
The company use four different polymers (UPVC; CPVC; PPR; and PP) for manufactures polymer pipes and fittings. The company’s products are used for plumbing, irrigation and sewage disposal. The products are used in both rural and urban areas. Its product range is more than 7,500 SKUs
Achievements
- Huge pan india distributors network of 843 Prince and 212 Trubore.
- Prince pipe and fitting ltd has 5 manufacturing plant in different part of India,
Prince Pipes and Fittings IPO Issue Details
| Issue | Details |
|---|---|
| Name | PRINCEPIPE |
| Issue Opens | 18-Dec-19 |
| Issue Closes | 20-Dec-19 |
| Issue Size (₹ crore) | 500 |
| Price Band (₹ per share) | ₹ 177-178 |
| Face Value | ₹ 10 |
| Fresh Issue (at upper band) | 500 crore |
| No. of shares on offer (crore) | 2.8 crores |
| QIB (%) | 50 |
| Retail (%) | 35 |
| Non-Institutional (%) | 15 |
| Minimum lot size (no of shares) | 84 Shares |
| Issue Type | 100% Book Building |
Shareholding Pattern (%)
| | Pre-Issue | Post-Issue |
|---|---|---|
| Promoter Group | 90.1 | 65.8 |
| Public/Other | 9.9 | 34.2 |
Prince Pipes and Fittings Financial Details (INR crore)
| ₹ crore | FY17 | FY18 | FY19 |
|---|---|---|---|
| Total Income | 1246.5 | 1315 | 1571.9 |
| Profit After Tax | 74.2 | 72.8 | 83.4 |
| EPS (₹) | 8.2 | 8.1 | 9.3 |
| Total Assets | 564.2 | 668.1 | 686.2 |
| Networth | 1448.8 | 2353.1 | 3581.7 |
| Total liabilities and Equity | 564.2 | 668.1 | 686.2 |
Prince Pipes and Fittings Company Contact Information
| Contact Details | Registrar |
|---|---|
| Prince Pipes and Fittings Limited 8th Floor, The Ruby Senapati Bapat Marg (Tulsi Pipe Road) Dadar West, Mumbai 400 028 | Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 |
| Phone: +91 22 66022222 | Phone: +91-22-4918 6270 |
| Email: [email protected] | Email: [email protected] |
| Website: www.princepipes.com | Website: www.linkintime.co.in |
Listing Time Table of Prince Pipes and Fittings IPO
- IPO Opening Date: 18 Dec 2019
- IPO Closing Date: 20 Dec 2019
- Final Allotment: 26 Dec 2019
- Refunds: 27 Dec 2019
- Transfer of shares to Demat accounts: 30 Dec 2019
- Share Credit to Demat Account: 30 Dec 2019
- Listing Date: 30 Dec 2019
Listing Day Prince Pipe Performance.
| NSE | BSE | |
|---|---|---|
| Listing Date | 30 Dec 2019 | 31 Dec 2019 |
| IPO Price | ₹178 | ₹178 |
| Open | 160 | 160 |
| High | 177.90 | 177.95 |
| low | 152.50 | 152.60 |
| Close | 166.90 | 166.60 |
| Volume | 85 M | 85 M |
| Listing Day P/L | -5.70% | -5.75% |
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Subscription Details
SUBSCRIPTION (No. of times, 20 Dec at 06:30 PM)
| Category | Offered Shares | DAY 1 | DAY 2 | DAY 3 |
|---|---|---|---|---|
| QIB | 56,49,718 | 0.05X | 0.68X | 3.54X |
| NII | 42,37,288 | 0.03X | 0.06X | 1.21X |
| Retail | 98,87,006 | 0.52X | 1.06X | 1.89X |
| Total | 1,97,74,012 | 0.28X | 0.74X | 2.21X |
Prince Pipes IPO Lead Managers & Company Promoters
| Lead Managers | Board of Directors |
|---|---|
| JM Financial Institutional Securities Limited | Chairman: Jayant Chheda |
| Edelweiss Financial Services Limited | Ramesh Chandak |
| Mohinder Pal Bansal | |
| Uma Mandavgane | |
| Dilip Deshpande, Rajesh R. Pai |
FAQs for Prince Pipes and Fittings IPO
What is Prince Pipes and Fittings IPO?
Prince Pipes and Fittings IPO is a Mainboard IPO. Total number of 19,77, 4012 shares offered through public issue. Offers price is Rs.177 to Rs.178. Investor can apply between 1 lot (84 share in 1 lot) up-to 13 lots.
How do I apply for the Prince Pipes and Fittings IPO?
Anyone having demat account are eligible for Prince Pipes and Fittings IPO application. There are two method available for application.
ASBA Payment Method : The net-banking facility available for online IPO application.
UPI Payment Method: By using UPI payment method for application process.
What is the Prince Pipes and Fittings IPO issue date?
Prince Pipes and Fittings IPO issue period is from 18-Dec-19 to 20-Dec-19.
What is the Prince Pipes and Fittings IPO allotment date?
Allotment date for Prince Pipes and Fittings IPO is 26-Dec-2019 and share will transfer to your demat account on 30-Dec-2019.
What if Prince Pipes and Fittings IPO Shares not allotted to me?
Suppose prince pipes shares not allotted to you than refund will be credited to your linked bank account.
How to Apply Prince Pipes and Fittings IPO through Zerodha?
Zerodha customers can apply for prince pipe ipo throuh UPI’s payment gateway by Zerodha Console. Pls follow Below steps.
login to console.zerodha.com
Portfolio<<IPOs
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You can apply for an IPO online.
What is the Prince Pipes and Fittings IPO Listing date?
Listing date for this IPO is 30-Dec-2019.
Is there any other Prince Pipes and Fittings IPO Listing later this year?
There is no such information available regarding the further listing of State bank of India IPO.
What is the Lot Size of Prince Pipes and Fittings IPO?
Minimum 84 shares (1 lot) and maximum 1092 (13 lot) shares of lot size is available for Prince Pipes and Fittings IPO. One share price is ₹.178 so 1 lot of 84 shares will be ₹.14,952.
What is the face value of Prince Pipes and Fittings IPO?
Face value of prince pipes is ₹10 Per Equity Share.
What Prince Pipes and Fittings symbols in NSE & BSE?
NSE: PRINCEPIPE & BSE: 542907, Group: B
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