Prince Pipes IPO Review

IPO Status: Closed [18th Dec 2019 to 20th Dec 2019]

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Incorporated Year: 1987
Sector: Plastic Products
Website: https://princepipes.com/

Prince Pipes and Fittings Ltd IPO

Prince Pipes IPO opens on 18th Dec 2019 and closes on 20th Dec 2019. Price band for IPO is ₹177 ₹178 per share and lot size 84.

About Prince Pipes and Fittings Ltd

Prince Pipeline is one of the leading polymer pipes and fittings manufacturers in India. The company offers two brand names – Prince Piping Systems and Trubore. The company have approx 7480 unique products. The company manufacture polymer pipes using UPVC, CPVC, PPR and HDPE polymers and fitting using UPVC, CPVC, and PPR polymers. The products are mainly used in plumbing, irrigation and sewerage technologies. The company also provides Borewell systems for groundwater extraction.

The company have 5 manufacturing plants located at Athal (Silvassa), Dadra (Silvassa), Haridwar (Uttarakhand), Chennai (Tamil Nadu), and Kolhapur (Maharashtra). The company also has two contract manufacturing units Aurangabad (Maharashtra) and Hajipur (Bihar). The company also has two new manufacturing plants in the pipeline at Jobner (Rajasthan) and Sangareddy (Telangana).

Prince Pipeline has 10 warehouse locations and 1055 distributors (843 Prince Distributors + 212 Turbore Distributors) in India.

Prince Pipes IPO Objective

  • Loans Repayment.
  • Fund for new manufacturing facility.
  • Upgradation of equipments at existing manufacturing facilities.
  • Funds for general corporate purposes.

Prince Pipes IPO Updates

  • IPO Issue open on 18th Dec 2019 and close on 20th Dec 2019.
  • The Anchor Investors bidding start one day in advance - 17th Dec, 2019
  • Investors Portion: QIB:50%, NIB:15%, Retail:35%.
  • Price Band: ₹177 ₹178 per share, Lot Size: 84 Shares.

Prince Pipes IPO Subscription Details

Latest update on Prince Pipes IPO Subscription.

    Prince Pipes IPO Subscription
    Details Qualified Institutional Buyers (QIB) Non Institutinol Investors (NII) Retail Individual Investors (RII) Total
    Shares Available 56,49,718 42,37,288 98,87,006 1,97,74,012
    Day 1 - Dec 18th, 2019 17:01 0.05x 0.03x 0.52x 0.28x
    Day 2 - Dec 19th, 2019 17:01 0.68x 0.06x 1.06x 0.74x
    Day 3 - Dec 20th, 2019 17:01 3.54x 1.21x 1.89x 2.21x

Prince Pipes IPO Details

Prince Pipes IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    Prince Pipes IPO Details
    Prince Pipes Issue Details Values
    IPO Category Mainline
    IPO Issue Type Book Built Issue IPO
    IPO Issue Size ₹500.00 Cr
    Offer for Sale ₹250.00 Cr
    Fresh Issue ₹250.00 Cr
    Face Value ₹10 Per Equity Share
    IPO Issue Price ₹177 ₹178 per share
    IPO Discount NIL
    Market Lot 84 shares
    Min Order Qty 84 shares
    Max Retail Qty 1092 shares
    Promoter Holding Pre IPO 95.51%
    Promoter Holding Post IPO
    IPO Listing At BSE, NSE
    BSE Code 542907
    NSE Code PRINCEPIPE

Prince Pipes Financials for past 3 Years

Past performance and financial results of Prince Pipes.

    Prince Pipes financial
    Prince Pipes IPO Financials 31-Mar-2019 31-Mar-2019 31-Mar-2018
    Total Assets ₹1040.40 Cr ₹979.90 Cr ₹760.05 Cr
    Total Expense ₹1467.50 Cr ₹1231.40 Cr ₹1236.60 Cr
    Total Revenue ₹1579.00 Cr ₹1326.60 Cr ₹1332.50 Cr
    Net Profit/Loss ₹83.40 Cr ₹72.80 Cr ₹74.20 Cr

Prince Pipes IPO Strengths

  • Strong brands in the pipes and fitting segment.
  • Comprehensive product portfolio across polymers serving and considered as end-to-end piping system suppliers.
  • 5 manufacturing units which are strategically located to meet demand and supply.
  • Strong distribution network.
  • Technical collaboration with international players.

Prince Pipes IPO Threats/Weaknesses

  • Major dependency on Infrastructure Projects and agriculture segment.
  • Competition in polymer pipes industry with galvanized iron products.
  • Raw material cost.
  • High working capital requirements. Any increase in interest rates can affect the performance of company.

Prince Pipes IPO Important Dates

In this section we have covered all imporatant dates related to Prince Pipes IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    Prince Pipes IPO important dates
    IPO Activity Date
    IPO Issue Open Date 18th Dec 2019
    IPO Issue Close Date 20th Dec 2019
    Basis of Allotment Finalisation Date* 26th Dec 2019
    Refunds Initiation* 27th Dec 2019
    Credit of Shares to Demat Account* 30th Dec 2019
    IPO Listing Date* 31st Dec 2019

* - Tentative Dates

Prince Pipes IPO Draft Prospectus >>Document

Prince Pipes IPO Red Herring Prospectus >>Document

Prince Pipes IPO Allotment Status >>Prince Pipes IPO Allotment is not declared yet, expected to be declear by 26th Dec 2019, will provide the link once allotment is out.

Company Address

Prince Pipes and Fittings Ltd
8th Floor,
The Ruby,
Senapati Bapat Marg (Tulsi Pipe Road),
Dadar West,
Mumbai 400 028,
Maharashtra, India
Website: https://princepipes.com/
Email: [email protected]
Phone: 02266022222

Registrar

Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai 400 083 Maharashtra, India
Email: [email protected]
Website: www.linkintime.co.in
Contact Person: Shanti Goplakrishnan

Lead Manager

  • JM Financial Limited
  • Edelweiss Financial Services Limited
Prince Pipes IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Prince Pipes? Should I apply in Prince Pipes IPO?

Last Updated on 2019-12-31T03:14:43+00:00

Prince Pipes IPO FAQs

  1. 1 .How to subscribe Prince Pipes IPO in Zerodha?

    Now you can apply in online IPO application via Zerodha back office software "console". You can subscribe Prince Pipes IPO with Zerodha. You need to apply application online using UPI payment mode. To purchase Prince Pipes IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detail article Step by Step Guide to apply Prince Pipes IPO with Zerodha.

    Alternate approch to apply in Prince Pipes IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Prince Pipes IPO Review and Important Updates

    Other revelevent question on same topics are:

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    Discuss this question

  2. 2 .How to apply in Prince Pipes IPO online?

    Apply in Prince Pipes IPO online

    To subscribe or apply in Prince Pipes IPO, you can use the following methods:

    Prince Pipes IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Prince Pipes IPO directly with your brokers website. Example HDFC Security, ICICI Direct, AxisDirect and so on are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online are providing you access to applying in Prince Pipes IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Prince Pipes IPO. Max syndicate bank provide you access to apply in Prince Pipes IPO via ASBA process. You must have your net banking access, DP ID information to apply in Prince Pipes IPO via ASBA. Bank like Axis, SBI allows you to apply max 5 application from one bank account. Where ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Prince Pipes IPO via physical application, but you can’t apply physical application via ASBA. You need to apply physical application via UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Prince Pipes IPO Review and Important Updates

    Other revelevent question on same topics are:

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  3. 3 .How to download online application form for Prince Pipes IPO?

    Applying in Prince Pipes IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Prince Pipes IPO application online and submit to nearest bank or to your broker. With new mandate from SEBI all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Prince Pipes IPO, please refer article >> Link

    Prince Pipes IPO Review and Important Updates

    Steps to download the online application form for Prince Pipes IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 84 shares and max 1092 shares.
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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  4. 4 .What is the listing date of Prince Pipes IPO?

    Prince Pipes IPO is going to be list on 31-12-2019. NSE Code for Prince Pipes is PRINCEPIPE. BSE Code for Prince Pipes is 542907.

    Other revelevent question on same topics are:

    When Prince Pipes IPO will be listing? Prince Pipes IPO NSE listing date?Prince Pipes IPO date of listing.Prince Pipes IPO BSE listing date?

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  5. 5 .When Prince Pipes IPO will be allocated?

    Prince Pipes IPO Allotment Date is 26-12-2019.

    Other revelevent question on same topics are:

    Prince Pipes IPO share allotment date?Prince Pipes IPO allotment date?

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  6. 6 .When Prince Pipes IPO will be open?

    Prince Pipes IPO Issue Open Date is 18-12-2019.

    Other revelevent question on same topics are:

    Prince Pipes IPO start date? When Prince Pipes IPO Open Date? When to invest in Prince Pipes IPO?

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  7. 7 .When Prince Pipes IPO will be close?

    Prince Pipes IPO Issue Close Date is 20-12-2019.

    Other revelevent question on same topics are:

    Prince Pipes IPO end date? When Prince Pipes IPO Close Date? Last Date to invest in Prince Pipes IPO?

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  8. 8 .What is price of Prince Pipes IPO for retail investor?

    Prince Pipes IPO price for retail investor is ₹177 ₹178 per share. Company is also offering special discount of NIL.

    Discuss this question

  9. 9 .What is lot size of Prince Pipes IPO for retail investor?

    Prince Pipes IPO lot size for retail investor is 84 shares(Min) and 1092 shares (Max).

    Other revelevent question on same topics are:

    Prince Pipes IPO lot details? Prince Pipes IPO market lot? Prince Pipes IPO details lot size?

    Discuss this question

  10. 10 .Can I invest in Prince Pipes IPO via UPI?

    Yes, you can invest in Prince Pipes IPO via UPI. If aplying online you can use UPI as well as ASBA any one process, if applting in physical form UPI is mandatory.

    Discuss this question

  11. 11 .What is minimum amount retail investor need to apply for one application of Prince Pipes IPO?

    To apply in one application of Prince Pipes IPO you need ₹177 ₹178 per share(Issue Price) - NIL (discount) * 84 shares (Minum Order Qty) =₹14952.

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User Comments

avatar
3. sanjay bhawnani  12/13/2019 10:16:34 AM Reply
What is the GMP of Prince Pipes? Shell we apply one application? Any chance of listing gain?
avatar
3.1. Vinay Jain  12/14/2019 9:34:16 AM
As of now no big movement in GMP for Prince Pipes IPO -
Prince Pipes & Fittings IPO - *GMP Estimated*
GMP Rs 34 +/- 1
Kostak Rs 450

Wait for Anchor Investors, then only take a decision.
avatar
3.2. IPO GMP  12/19/2019 9:18:28 AM
Risky - No buyer in GMP, only seller @9 Rs
avatar
2. Manish kothari  12/17/2019 4:27:07 PM Reply
What is GMP today? Shell we apply or not?
avatar
2.1. IPO GMP  12/19/2019 9:14:44 AM
Prince Pipes IPO - GMP 08 +/- 0.50 (19th Dec 2019)
avatar
1. IPO Updates  12/11/2019 1:59:15 PM Reply
Prince Pipes & Fittings IPO - *Tentative Dates*
  • 13th Dec 2019 - Announcement of Price Band
  • 17th Dec 2019 - Anchor Investors Allotment
  • 18th Dec 2019 - Offer Opens
  • 20th Dec 2019 - Offer Closes
  • 26th Dec 2019 - Finalisation of Basis of Allotment
  • 27th Dec 2019 - Unblocking of ASBA Accounts
  • 30th Dec 2019 - Credit of Equity Shares to Depository Accounts
  • 31st Dec 2019 - Commencement of Trading

Roadshow likely on Friday for price band announcement.

avatar
4.1. Vijay Nath yadav  12/13/2019 10:15:40 AM
Issue size changed from 600cr to 500cr
OFS - 400 cr to 250cr
Fresh - 200cr to 250cr

Why no No results after March-2018??

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