Prince IPO
Prince Pipes and Fittings Ltd

Prince Pipes and Fittings Ltd IPO

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. read more

Prince IPO Profile
Issue Open Date Dec 18, 2019
Issue Close Date Jul 31, 2019
Issue Size (Rs cr) 28,248,586 Eq Shares of Rs.10 (aggregating up to Rs.500.00 Cr)
Issue Price Rs.177 to Rs.178 Per Equity Share
Listing on BSE, NSE
Issue Type Book Built Issue IPO
Issue Lot Size 84
Minimum Lots 1
Maximum Lots 13
Retail Discount -
Employee Discount -
QIB atleast 50% Equity Share
NII atleast 15% Equity Share
EMP atleast - Equity Share
RII atleast 35% Equity Share
Book Value -
Face Value Rs.10 Per Equity Share
Share Holding Patern

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IPO Over / Undersubcription
Date Issue Price Issue Size (Rs Cr) QIB NII RII EMP Total
Dec 20, 2019 177 - 178 500.00 Cr 3.54x 1.21x 1.89x - 2.21x
Prince IPO Registerar and Lead Managers
Link Intime India Private Ltd
Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083
  • - Edelweiss Capital Limited
  • - JM Financial Consultants Private Limited
Company Services
  • Strong brand presence in pipes and fittings segment

  • B2B e-commerce

  • Multi-location manufacturing units in India

  • Diverse product portfolio

  • 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


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