Prince Pipes and Fittings Limited IPO
MainboardListed On: Dec 30, 2019 at ₹ 160.0
₹ 14952 /84 Shares
18 Dec, 2019
Open Date20 Dec, 2019
Close Date27 Dec, 2019
Allotment Date30 Dec, 2019
Listing DateIPO Issue Details
- Issue Price Rs 177 - Rs 178 Per Equity Share
- Face Value Rs 10 Per Equity Share
- Issue Price 2,80,89,886 Total Equity Shares of Rs 10/- at price of Rs 177/- to Rs 178/- with aggregating up to Rs 500 Cr# Fresh Issue of 1,40,44,943 Equity Shares of Rs 10/- at price of Rs 177/- to Rs 178/- with aggregating up to Rs 250 Cr # Offer for Sale of 1,40,44,943 Equity Shares of Rs 10/- at price of Rs 177/- to Rs 178/- with aggregating up to Rs 250 Cr
- Listing at NSE, BSE
- List Price 160.0
- Listing Date 2019-12-30
- Lead Manager JM Financial Services Limited and Edelweiss Financial Services Limited
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹177 - 178 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from Dec 18, 2019 and ends on Dec 20, 2019. The allotment for IPO will be finalized on Dec 27, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 30, 2019. The company shall list its equity shares on the NSE, BSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are JM Financial Services Limited and Edelweiss Financial Services Limited.
The IPO sets its price band at 177 - 178 for each share. A single application for Prince Pipes and Fittings Limited IPO must contain at least 84 shares.
IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 56,49,718 | 42,37,288 | 98,87,006 | 1,97,74,012 |
Day 1 18-12-19 | 2,80,980 0.05 x | 1,30,032 0.03 | 51,46,932 0.52 x | 55,57,944 0.28 x |
Day 2 19-12-19 | 38,50,728 0.68 x | 2,42,340 0.06 | 1,04,64,048 1.06 x | 1,45,57,116 0.74 x |
Day 3 20-12-19 | 1,99,72,680 3.54 x | 51,07,956 1.21 | 1,86,38,760 1.89 x | 4,37,19,396 2.21 x |
Valuations
IPO - Issue Objectives
Offer for SaleCompany will not receive any proceeds from the Offer for Sale.
Fresh Issue(a) Repayment or prepayment of certain outstanding loans of our Company.(b) Financing the project cost towards establishment of a new manufacturing facility.(c) Upgradation of equipment at our manufacturing facilities.(d) General corporate purposes, subject to the applicable laws.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Prince Pipes and Fittings Limited | 3.85 | 23.50 | 21.18 | 1578.99 |
| Astral Poly Technik Limited | 13.69 | 89.17 | 15.36 | 1915.71 |
| Finolex Industries Limited | 2.88 | 19.81 | 14.54 | 3132.89 |
| Suprem Industries Limited | 6.40 | 33.84 | 18.90 | 5632.47 |
IPO - FAQs
Ans. Prince Pipes and Fittings Limited IPO is a Mainboard IPO. The issue is priced at Rs 177 - Rs 178 Per Equity Share . The minimum order quantity is 84 Shares. The IPO opens on Dec 18, 2019, and closes on Dec 20, 2019. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.
Ans. The Prince Pipes and Fittings Limited IPO opens on Dec 18, 2019 and closes on Dec 20, 2019.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Prince Pipes and Fittings Limited IPO is 2,80,89,886 Total Equity Shares of Rs 10/- at price of Rs 177/- to Rs 178/- with aggregating up to Rs 500 Cr# Fresh Issue of 1,40,44,943 Equity Shares of Rs 10/- at price of Rs 177/- to Rs 178/- with aggregating up to Rs 250 Cr # Offer for Sale of 1,40,44,943 Equity Shares of Rs 10/- at price of Rs 177/- to Rs 178/- with aggregating up to Rs 250 Cr.
Ans. The Prince Pipes and Fittings Limited IPO price band is set between Rs 177 - Rs 178 Per Equity Share .
Ans. To apply for Prince Pipes and Fittings Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Prince Pipes and Fittings Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Prince Pipes and Fittings Limited IPO is Dec 27, 2019.
Ans. The Prince Pipes and Fittings Limited IPO will be listed on Dec 30, 2019.
Ans. Follow the steps to check the Prince Pipes and Fittings Limited IPO allotment status online.
