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
Prince Pipes IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹177 to ₹178 per equity share |
| Market Lot | 84 Shares |
| Min Order Quantity | 84 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542907 |
| NSE Symbol | PRINCEPIPE |
| ISIN | INE689W01016 |
| Issue Size | Aggregating up to ₹500.00 Cr |
| Fresh Issue | Aggregating up to ₹250.00 Cr |
| Offer for Sale | Aggregating up to ₹250.00 Cr |
Prince Pipes IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 18-Dec-19 |
| IPO Close Date | 20-Dec-19 |
| Basis of Allotment Date | 26-Dec-19 |
| IPO Listing Date | 30-Dec-19 |
Prince Pipes IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 84 | ₹14,952 |
| Maximum | 13 | 1092 | ₹194,376 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Prince Pipes and Fittings
Company Financials:
| PARTICULAR | Three months period ended on 30-June-2019 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 10,144.57 | 10,404.13 | 9,798.77 | 7,605.05 | 6,533.00 |
| Total Revenue | 3,801.92 | 15,789.95 | 13,265.71 | 13,324.95 | 10,816.18 |
| Profit After Tax | 266.69 | 833.51 | 727.66 | 741.82 | 295.35 |
Company Promoters:
Jayant Shamji Chheda, Tarla Jayant Chheda, Parag Jayant Chheda, Vipul Jayant Chheda and Heena Parag Chheda are the promoters of the company.
Objects of the Issue:
The details of utilization of the proceeds of the Fresh Issue are summarized below:
- Repayment or prepayment of certain outstanding loans of the company;
- Financing the project cost towards establishment of a new manufacturing facility;
- Upgradation of equipment at the manufacturing facilities; and
- General corporate purposes, subject to the applicable laws.
Registrar & Company Details
| Company Contact Information | Prince Pipes IPO Registrar |
| Prince Pipes and Fittings Ltd Plot No.1, Honda Industrial Estate, Phase II, Honda Sattari, Honda, Goa 403 530, India Phone: +91 22 66022222 Email: investor@princepipes.com Website: https://princepipes.com/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: princepipes.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
