IPO Status: Closed [18th Dec 2019 to 20th Dec 2019]
Incorporated Year: 1987
Sector: Plastic Products
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.
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.
Latest update on Prince Pipes IPO Subscription.
|Details||Qualified Institutional Buyers (QIB)||Non Institutinol Investors (NII)||Retail Individual Investors (RII)||Total|
|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 includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Prince Pipes Issue Details||Values|
|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|
|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|
Past performance and financial results of Prince Pipes.
|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|
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.
|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
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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.
Last Updated on 2019-12-31T03:14:43+00:00
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.
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To subscribe or apply in Prince Pipes IPO, you can use the following methods:
|Prince Pipes IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
Steps to download the online application form for Prince Pipes IPO
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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?
Prince Pipes IPO price for retail investor is ₹177 – ₹178 per share. Company is also offering special discount of NIL.
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?
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.
Roadshow likely on Friday for price band announcement.