Prince Pipes is engaged in manufacturing polymer pipes and fittings and is all set to make a debut in the stock market with an issue size of 500 Cr.
IPO Overview
| Prince Pipes and Fittings IPO Issue Date | 13-15 July 2020 |
| Prince Pipes and Fittings IPO Opening Date | 13 Sept 2020 |
| Prince Pipes and Fittings IPO Face Value | INR 2 per share |
| Prince Pipes and Fittings IPO Price | INR 425 per share |
| Prince Pipes and Fittings IPO Lot Size | 35 Shares |
| Issue Size | 496.49 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not More than 50% of the offer |
| NII (HNI) Shares | Not less than 15% of the offer |
| Company Promoters | Mr. Edward Menezes and Mr. Sunil Chari are the promoters of the company. |
Prince Pipes and Fittings IPO -Tentative Dates
| Prince Pipes and Fittings IPO opening date | 13 July 2020 |
| Prince Pipes and Fittings IPO closing date | 15 July 2020 |
| Basis of Allotment | 20 July 2020 |
| Initiation of Refunds | 21 July 2020 |
| The credit of Shares to Demat | 22 July 2020 |
| Listing Date | 23 July 2020 |
Industry Overview.
The plastic pipes industry in India is driven by investments in the agriculture and construction space, namely irrigation, water supply and sanitation (WSS), and housing, the industry will mirror economic growth. However, in four of the past seven Fiscal years (from April 1, 2012, to March 31, 2019), the plastic pipes industry has grown at a higher pace than GDP growth owing to high growth in end-use-sector investments such as irrigation and WSS. Increased awareness and adoption and substitution of metal pipes for plastic pipes have also led to higher growth. Organized players, especially, grew at aa much higher pace compared with the pipes industry average growth owing to an increase in the quality consciousness of consumers, emerging premium products in real estate, fittings segment, and chlorinated polyvinyl chloride (CPVC) niche applications, among others.
Company Overview
Prince Pipes and Fittings Limited is engaged in the 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.
Objectives Of The Issue
- Repayment or prepayment of certain outstanding loans of the company.
- Financing the project cost towards establishment of a new manufacturing facility.
- Upgradation of equipment at the manufacturing facilities.
- General corporate purposes, subject to the applicable laws.
Financial Statements
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 10,144.57 | 10,404.13 | 9,798.77 |
| Total Revenue | 3,801.92 | 15,789.95 | 13,265.71 |
| Profit After Tax | 266.69 | 833.51 | 727.66 |
Strengths
- Strong brand presence in pipes and fittings segment
- Diverse product portfolio
- Multi-location manufacturing units in India
- A strong presence in North, West and South India
- A pan-India network of distributors
- Technical collaboration with international players to maintain quality of products.
Company Contact Information
Prince Pipes and Fittings Ltd
Plot No.1, Honda Industrial Estate,
Phase II, Honda Sattari,
Honda, Goa 403 530, India
Phone: +91 22 66022222
Email: investor@princepipes.com
Website: https://princepipes.com/
Prince Pipes IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: princepipes.ipo@linkintime.co.in
Website: https://linkintime.co.in/
