Prince Pipes & Fittings Ltd IPO

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IPO Details

  • Open Date 18-Dec-19
  • Close Date 20-Dec-19
  • Lot Size 84
  • IPO Size ₹ 500 Cr
  • IPO Price Range ₹ 178
  • Min Investment ₹ 14952
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

IPO Synopsis

Initial Public Offering of 28,089,885 equity shares of face value of Rs. 10 each of Prince Pipes and Fittings Limited (the company or the issuer and such equity shares, the equity shares) for cash at a price of Rs. 178 per equity share including a share premium of Rs. 168 per equity share (the offer price), aggregating to Rs. 500 Crores* (the offer), comprising a fresh issue of 14,044,943 equity shares by the company aggregating to Rs. 250 Crores* (the fresh issue) and an offer for sale of 14,044,942 equity shares aggregating to Rs. 250 Crores, including 1,123,595 equity shares aggregating to Rs. 20 Crores by Jayant shamji Chheda, 7,865,168 equity shares aggregating to Rs. 140 Crores by Tarla Jayant Chheda, 2,808,988 equity shares aggregating to Rs. 50 Crores by Parag Jayant Chheda and 2,247,191 equity shares aggregating to Rs. 40 Crores by Vipul Jayant Chheda (together, the promoter selling shareholders and such offers the offer for sale). The offer constitutes 25.53% of the post-offer paid-up equity share capital of the company.^ ^subject to finalisation of basis of allotment The face value of the equity shares is Rs. 10 each. The offer price is 17.80 times the face value of the equity shares. *The company has, in consultation with the book running lead managers (brlms), undertaken a private placement of 596,500 compulsorily convertible preference shares, which have been converted into 5,965,000 equity shares for cash consideration aggregating to Rs. 106.18 Crores (pre-ipo placement). The size of the fresh issue of up to Rs. 356.18 Crores has been reduced by Rs. 106.18 Crores pursuant to the pre-ipo placement and accordingly the fresh issue is up to Rs. 250 Crores.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Prince Pipes & Fittings Ltd IPO

Contact Information

Plot No 1 Honda Indl Estat,
Phase II Honda Sattari Honda,
Goa, Goa 403530

Prince Pipes & Fittings Ltd IPO Lead Manager

Edelweiss Financial Services LtdJM Financial Ltd

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