Prince Pipes & Fittings Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 14,044,942 (50%) | — | ₹25,000 Cr |
| NII (HNI) | — | 4,213,483 (15%) | — | ₹7,500 Cr |
| Retail | — | 9,831,460 (35%) | — | ₹17,500 Cr |
| Σ Total | — | 28,089,885 (100%) | — | ₹500,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 84 | ₹14,952 |
| Retail (Max) | 13 | 1,092 | ₹194,376 |
| S-HNI (Min) | 14 | 1,176 | ₹209,328 |
| B-HNI (Min) | 67 | 5,628 | ₹1,001,784 |
Financial Statements Amount in Crore
| Metric | 30-June-2019 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue | 380 | 1,579 | 1,327 |
| Profit After Tax | 27 | 83 | 73 |
| Total Assets | 1,014 | 1,040 | 980 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment or prepayment, in full or part, of certain outstanding loans of our Company – 10.00
- 2 Financing the project cost towards establishment of a new manufacturing facility – 159.00
- 3 Upgradation of equipment atour manufacturing facilities – 49.10
- 4 General corporate purposes – 19.01
Company Overview
Incorporated in 1987, Mumbai based Prince Pipes and Fittings Limited is engaged in 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.
Prince Pipes provides an end to end solutions across a wide product range (7,480 SKUs as on 30th June 2018). It has 5 manufacturing units located at Haridwar (Uttarakhand), Athal (Dadra and Nagar Haveli), Dadra (Dadra and Nagar Haveli), Kolhapur (Maharashtra) and Chennai (Tamil Nadu). Besides, two contract manufacturing units are located at Hajipur (Bihar) and Aurangabad (Maharashtra).
The company is also planning to open two manufacturing units at Jobner (Rajasthan) and Sangareddy (Telangana). Prince Pipes and Fittings Ltd has 10 warehouses to store the products. The company sells the products under Prince Piping Systems brand name to 843 distributors which further sell them to wholesalers, retailers and plumbers. The products under Trubore are directly sold to 212 wholesalers and retailers.
Competitive 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