Prince Pipes IPO Opens on 18th Dec 2019

[Chittorgarh]

Incorporated in 1987, Prince Pipes and Fittings Limited is a manufacturer of polymer pipes and fittings. The company manufactures and distributes polymer pipes under two brand names which are Trubore and Prince Piping Systems. Prince Pipes sells out four types of polymer pipes (CPVC, UPVC, HDPE, and PPR) and three types of polymer fittings (CPVC, PPR, and UPVC).

The company has 5 in-house manufacturing units and 2 contract manufacturing units. Prince Pipes and Fittings Ltd is also planning to open two more units at Jobner (Rajasthan) and Sangareddy (Telangana).

Prince IPO public issue detail:

• Issue Open: Dec 18, 2019 - Dec 20, 2019
• Issue Price: ₹177 to ₹178 Per Equity Share
• Issue Type: Book Built Issue IPO
• Issue Size: ₹500.00 Cr (Including Fresh Issue: ₹250 Cr; Offer for Sale: ₹250 Cr)
• Pre-IPO Placement: Up to 5,965,000 Equity Shares (aggregating up to Rs 106.18 cr)
• Face Value: ₹10 Per Equity Share
• Lot Size: 84 Shares
• Listing At: BSE, NSE

Note:
If the Pre-IPO placement is done, the number of equity shares will be reduced from the fresh issue size.

For more detail visit Prince Pipes IPO Details page.

 

[desiwarrenbuffet]

Prince Pipes and Fittings will launch its initial public offering on December 18 with a price band of Rs 177-178 per share.
The Rs 500-crore IPO comprises a fresh issue of Rs 250 crore and an offer for sale of Rs 250 crore.
The issue will open on December 18 and close on December 20. The company, after consultation with merchant bankers, decided a minimum bid lot of 84 equity shares and in multiples of 84 shares thereafter.