IPO

Prince Pipes and Fittings Limited IPO

Mainboard

Listed On: Dec 30, 2019 at ₹ 160.0

₹ 14952 /84 Shares

IPO Details

18 Dec, 2019

Open Date

20 Dec, 2019

Close Date

27 Dec, 2019

Allotment Date

30 Dec, 2019

Listing Date

Issue Price

Rs 177 - Rs 178 Per Equity Share 

Face Value

Rs 10 Per Equity Share 

Listing at Group

NSE, BSE

Registrar

Link Intime India Private Ltd

List Price

160.0

Listing Date

2019-12-30

Market Lot

84 Shares (Rs 14,952/-)

Lead Manager

JM Financial Services Limited and Edelweiss Financial Services Limited

Issue Size

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

Retail Portion

N/A

Subscription

times

IPO Docs

No related IPO documents available.

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.

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IPO Subscription Details

As onQIBNIIRetail
Shares Offered / Reserved56,49,71842,37,28898,87,006N/A
Day 1 - 18-12-192,80,980 0.05 x1,30,032 0.0351,46,932 0.52 xN/A x
Day 2 - 19-12-1938,50,728 0.68 x2,42,340 0.061,04,64,048 1.06 xN/A x
Day 3 - 20-12-191,99,72,680 3.54 x51,07,956 1.211,86,38,760 1.89 xN/A x

Valuations

Earnings Per Share (EPS)

Rs 7.58

P/E Ratio

23.50

RoNW

21.18%

Net Asset Value (NAV)

Rs 46.70

Company Financials All values are in ₹ Cr.

- Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Prince Pipes and Fittings Limited3.8523.5021.181578.99
Astral Poly Technik Limited13.6989.1715.361915.71
Finolex Industries Limited2.8819.8114.543132.89
Suprem Industries Limited6.4033.8418.905632.47

IPO - Ratings

VENTURA SECURITIES LIMITEDSUBSCRIBE FOR LIMITED
EQUIRUS SECURITIES LIMITEDSUBSCRIBE
BP EQUITIES PVT LTDAVOID
IDBI CAPITALSUBSCRIBE
MOTILAL OSWALSUBSCRIBE
GEPL CAPITALSUBSCRIBE
RELIANCE SECURITIESSUBSCRIBE
MOTILAL OSWALSUBSCRIBE

- Promoter(s)

Company Promoter(s)
  1. Mr. Jayant Shamji Chheda
  2. Mrs. Tarla Jayant Chheda
  3. Mr. Parag Jayant Chheda
  4. Mr. Vipul Jayant Chheda
  5. Mrs. Heena Parag Chheda

IPO - Issue Objectives

  1. Offer for SaleCompany will not receive any proceeds from the Offer for Sale.
  2. 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 - 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. 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 IPO price band is set between Rs 177 - Rs 178 Per Equity Share .

Ans. To apply for Prince Pipes and Fittings Limited IPO 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 allotment status for Prince Pipes and Fittings Limited IPO here.