Issue Price
₹178
Per Share
GMP
NIL
Grey Market
Est. Listing
₹178
Expected Price
Min. Application
₹29,904
2 lots × 84 shares
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 StrengthsStrong brand presence in pipes and fittings segmentDiverse product portfolioMulti-location manufacturing units in IndiaA strong presence in North, West and South IndiaA pan-India network of distributorsTechnical collaboration with international players to maintain quality of products
Prince Pipes & Fittings Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 28,089,885 | 100.00% | ₹500.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 84 | ₹14,952 |
| Retail (Max) | 13 | 1,092 | ₹194,376 |
| sNII (Min) | 14 | 1,176 | ₹209,328 |
| bNII (Min) | 68 | 5,712 | ₹1,016,736 |
| Particulars | 30-June-2019 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue from Operations | 380.19 | 1578.99 | 1326.57 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 26.67 | 83.35 | 72.77 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 1014.46 | 1040.41 | 979.88 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |