Any idea of ITI LIMITED??
Prince Pipes and Fittings Limited IPO
About Prince Pipe
(i) The Company is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors (Source: CRISIL Research Report) having 30 years of experience in the industry.
(ii) They market products under two brand names: Prince Piping Systems; and Trubore. They currently manufacture polymer pipes using four different polymers: UPVC; CPVC; PPR; and HDPE, and fittings using three different polymers: UPVC; CPVC; and PPR.
Use of Products in Industry
(i) The products are used for varied applications in plumbing, irrigation, and soil, waste, and rainwater (“SWR”) management.
(ii) The product range meets the requirements of both the rural and urban markets.
(i) Prince Pipe has 5 strategically located manufacturing plants, which has enabled the company to develop a strong presence in North, West and South India.
The plants are located at the following locations: Athal (Union Territory of Dadra and Nagar Haveli); Dadra (Union Territory of Dadra and Nagar Haveli); Haridwar (Uttarakhand); Chennai (Tamil Nadu); and Kolhapur (Maharashtra).
(ii) The total installed capacity of all the five existing plants is 242,916 tonnes per annum as of July 31, 2018.
Distributorship Selling Model
They distribute products from five plants and 10 warehouses. Prince Piping Systems directly sells products to distributors, who then resell the products to wholesalers, retailers, and plumbers. As of June 30, 2018, the company has 843 distributors in India.
(i) The revenue from operations for Fiscal 2016, Fiscal 2017 and Fiscal 2018 was Rs.1081 Crores, 1330 Crores and 1320 Crores respectively, representing a CAGR of 10.52%.
(ii) The EBITDA for Fiscal 2016, Fiscal 2017 and Fiscal 2018 was 98 Crores, 160 Crores, and 161 Crores respectively, representing a CAGR of 28.39%.
(iii) The profit for the year for Fiscal 2016, Fiscal 2017 and Fiscal 2018 was 29 Crores, 74 Crores, and 73 Crores, respectively, representing a CAGR of 57.49%.
Objects of the Prince Pipes and Fittings Limited IPO:
Prince Pipes and Fittings Limited IPO Details:
|Open Date:||Dec 18 2019|
|Close Date:||Dec 20 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||500 Cr.|
|Lot Size:||84 Shares|
|Issue Price:||₹ 177-178 Per Equity Share|
|Listing Date:||Dec 30 2019|
Promoters And Management:
Financials of Prince Pipes and Fittings Limited IPO:
Comparison With Peers:
|Peers||Revenue||Revenue growth in 3 years||PAT Growth||EBITDA||OPM||PAT||RONW||PAT( 3 years)||CFO(3 years)||Mcap||P/E||Return ( 1year)|
|Astral Poly Technik||2522||15.12%||15.18%||401||16%||200||15.66%||525||605||17619||73||40%|
Recommendation on Prince Pipes and Fittings Limited IPO:
Bid Details of Prince Pipes and Fittings Limited IPO as on
20-Dec-2019 17:00:01 IST
Discussion on Prince Pipes and Fittings Limited IPO:
Opening at a discount of 11.25%. Told everyone on this platform to avoid.
Thankyou for your valuable advice.
Thanks for your valuable insights!
Thanks for the valuable info 🙂
if we apply 12 lots in shareholder category, chances to get allotment is 1 lot or whole 12 lots
listing in possible discount
Prince Pipes & Fittings Ltd., :- IPO
Basis Of Allotment
*Ret* : 1.499795×
84 Shs Cat : 281:302
*NII* : 0.517638×
Price Fix : Rs.178
Listing : BSE & NSE
Listing Date : Tues 31 Dec 2019.
Allotted 1 lot out of 3 lots applied
Read IZ views published on Economic Times Newspaper, regarding listing of Prince PIPE IPO.
Well it’s the only market article NO OTHER INFO to support this article, since the date of closing of PIPES IPO issue,
SO NOT SURE THIS INFO IS VALUABLE
SINCE this economic Times article must be drawn out from VERY small SAMPLE SPACE of GREY MARKET
There is extreme large chances of this article to turn out FALSE on listing day
possible negative listing as per grey activity.
Oh my, how are you guessing?
As per grey market activity.
Is unlistedzone the only grey market? Or any other markrts out there?
Apply or Not?
Look for HNI/NII involvement tomorrow and based on it decide
It may turn out as 10% positive gain OR 10% negative loss
So it’s betting purely based on HNI involvement tomorrow
prince pipes premieum 7/8 subjecy to400/450 retail sub app wise 0.55 no off app64720 till 2pm today
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Hi, can any1 guide me which all share I can buy to be in shareholders quota for upcoming ipo.. so that it will help me to buy those shares now I
Which share to buy for become share holder small finance incoming ipo name the equities please on NSE bse
Is there any update about equitas small finance bank IPO . Is there any share holder quota in it?
yes, it is similar to Ujjivan SFB. So buy 1 share in each account.
Yes avoiding is best for this IPO since revenue and cash flow has degraded on the track record of the company
Dear Admin, please correct the ipo lot size. You wrote 80 shares. But its true 84 shares.
OFS in Prince Pipe is purely to pay debt obligation of Express Infra Projects LLP, which has Rs.191 crores outstanding debt as on 31.10.2019 where promoters have pledged their shares.
The company has released pledged shares in the month of Nov-19 by giving guarantee that after OFS they will pay debt obligation of Express Infra Projects.
There are certain Litigations against the promoters. The promoters were partners in Aditya Developers, who has JV with Montana Developers in 2010.
Montana has filed a criminal proceedings against promoters before court on some forgery letter counter signed by promoters..
Montana has claimed Rs. 904 crores in damages. So if any adverse order comes then big problem for promoters.
Reminds me of Sterling Wilson where promoters still struggling to reduce debt which was promised during IPO time.
Mhm not good track indeed
We at Investorzone believes that each and every investor should learn the business model of the company to know how it is earning money. So we have prepared a business model for the company for our users to understand before they start investment in the company.
The company has already done the pre-IPO placement of 5,965,000 Equity Shares at Rs.178 per share.
Issue Size is 500 Crores.
OFS- 250 Crores
New Shares- 250 Crores.
shareholder category available in this ipo or note?
Any update on this ipo? Will there be any listing gain?
prince pipe ipo total ipo 500 cr QIB 50% HNI15% RETAIL 35%
prince ipo opene18 dec 2019 & closed on 20dec 2019 price band 177 to 178 84 share lot 84×178=14952 one time retail 117041 appHNI REQ 75 CR
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