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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹500.00 Cr |
| Fresh Issue | ₹250.00 Cr |
| Offer for Sale | ₹250.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹177.00-178.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 542907 |
| NSE Code | PRINCEPIPE |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 84 shares and in multiples thereof
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 Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or part, of certain outstanding loans of our Company | 10.00 |
| 2 | Financing the project cost towards establishment of a new manufacturing facility | 159.00 |
| 3 | Upgradation of equipment atour manufacturing facilities | 49.10 |
| 4 | General corporate purposes | 19.01 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| P/E (x) | 18.35 | |
| Promoter Holding | 90.06% | 65.80% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the BRLMs (including brokerage, underwriting and selling commission) | 12.04 |
| 2 | Selling commission and processing fees for SCSBs and fees payable to the Sponsor Bank | 0.07 |
| 3 | Brokerage, selling commission and bidding charges for the Members of the Syndicate, SCSBs, Registered Brokers, RTAs and CDPs | 0.80 |
| 4 | Fees payable to the Registrar to the Offer | 0.01 |
| 5 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses, Printing and stationery expenses, Fees payable to Monitoring Agency, Advertising and marketing for the Offer, and Miscellaneous | 12.79 |
Last Updated on 15-Apr-2025 12:39:32
