Prince Pipes IPO

Prince Pipes and Fittings IPO Detail

Business Overview

Prince pipes & fittings limited was incorporated on November 13, 1987, the company is engaged in manufacturing of polymer pipes and fittings under the brand name of Prince piping Systems and Trubore.

They manufactures polymer using four different polymers : UPVC, CPVC, PPR and HDPE while fitting is manufactured using three polymers : UPVC, CPVC and PPR. The product of company are used in plumbing, irrigation, soil and rain water harvesting.

Manufacturing plant locations:  Athal, Dadra, Haridwar, Chennai and Kolhapur.

They are planning to setup two new manufacturing plant, one in Jobner (Rajasthan) and Sangareddy (Telangana).

The company has 843 distributors for prince piping systems and 212 wholesalers and retailers for Trubore as on 30 jun’2018 which wide range of products of 7480 SKUs on said date.

Promoters

Jayant Shamji Chheda, Tarla Jayant Chheda, Parag Jayant Chheda, Vipul Jayant Chheda and Heena Parag Chheda are the promoters of the company.

Registered office

Plot No. 1, Honda Industrial Estate, Phase -II, Honda Sattari, Honda, Goa 403530, India, Email Address : investor@princepipes.com , Website : www.princepipes.com

Financials of Company

 Q1 FY20
Mar’19
Mar’18Mar’17
Revenue380.19
1579.00
1326.571332.50
Expense346.26
1467.53
1231.401236.59
PAT26.91
83.25
73.3173.14
Profit Margin
7.1%
5.3%
5.5%
5.5%

Objects of the Issue

  1. Repayment or 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; and
  4. General corporate purposes, subject to the applicable laws.
Offer PeriodDec 18, 2019 – Dec 20, 2019
Issue TypeBook Built Issue IPO
Issue SizeRs. 500 Cr.
Face valueRs. 10 Per Equity Share
Issue PriceRs. 177 – 178 Per Share
Market Lot 84 Shares
Listing atNSE, BSE
Minimum Investment (Retail)Rs. 14,952/-

Issue consists of Fresh issue of Rs. 250 Cr and Offer for Sale Rs. 250 Cr respectively.

IPO Schedule

Offer OpenDec 18,2019
Offer CloseDec 20,2019
Finalisation of Basis of allotmentDec 26,2019
Refund InitiationDec 27,2019
Credit Demat AccountDec 30,2019
Listing DateDec 31,2019
Prince Pipes IPO RegistrarPrince Pipes IPO Lead Manager

Link Intime India Private Limited

C-101,1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli(West) Mumbai-400083, Maharashtra, India

Contact No.  +91-22-49186270

Email : princepipes.ipo@linkintime.co.in

Website : www.linkintime.co.in

1. Edelweiss Capital Limited

2. JM Financial Consultants Pvt Ltd

Review of Prince Pipe IPO

Prince Pipes is a renowned name in Indian PVC pipes industry and the demand is expected to grow at a pace of 10% per annum in India vs 4% global growth estimations supported by irrigation sector.  We recommend  to subscribing the issue for listing gain as the IPO is priced at attractive valuations and investor can subscribe this IPO. However, for long term investment the growth of company is not so consistent, company is providing profit margins of around 5.3% – 5.5% in last few years, EPS of company is 9.26 per share which is lower when compared to its listed peers Astral, Finolex and Supreme so we recommend to be cautious for this IPO while subscribing to this IPO in long term.

Investment for Listing Gain : Subscribe

Investment for Long Term : Cautious

Check here to check latest GMP of Prince Pipes IPO

Prince Pipes IPO Subscription status

Things to know before investing in Prince Pipes IPO

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