Prince Pipes and Fittings Ltd IPO:GMP, Issue Size, Issue Price and Important dates

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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. 
ANGEL ONE IPO: Issue Price, Issue Size, GMP & Important Dates

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. 

Prince Pipes IPO

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           

  1. Repayment or prepayment of certain outstanding loans of the company. 
  2. Financing the project cost towards establishment of a new manufacturing facility. 
  3. Upgradation of equipment at the manufacturing facilities. 
  4. 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          

  1. Strong brand presence in pipes and fittings segment 
  2. Diverse product portfolio 
  3. Multi-location manufacturing units in India 
  4. A strong presence in North, West and South India 
  5. A pan-India network of distributors 
  6. 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/ 

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