
Industrials / Manufacturing Sector · NSE / BSE
Prince Pipes and Fittings Limited, established in 1987 and headquartered in Mumbai, is engaged in manufacturing polymer pipes and fittings, offering CPVC, UPVC, HDPE, and PPR pipes along with fittings in CPVC, UPVC, and PPR under the brand names Trubore and Prince Piping Systems. The company has a strong presence across North, South, and West India and offers a wide product portfolio with more than 7,000 items. It operates five manufacturing units in Haridwar, Athal, Dadra, Kolhapur, and Chennai, along with two contract manufacturing units in Hajipur and Aurangabad, and is planning additional facilities in Jobner, Rajasthan and Sangareddy, Telangana. To support its distribution network, the company maintains 10 warehouses, with Prince Piping Systems products sold through 843 distributors to wholesalers, retailers, and plumbers, while the Trubore brand is supplied directly to 212 wholesalers and retailers.
Price Band
₹177 – ₹178
Issue Size
₹500 Cr
Lot Size
84 shares
GMP
Est. Listing
₹178
at current GMP
Subscribed
—
Open
18 Dec 2019
Close
20 Dec 2019
Allotment
27 Dec 2019
Refund
28 Dec 2019
Demat Credit
29 Dec 2019
Listing
30 Dec 2019
Designated Registrar: Link Intime India Private Limited
Allotment Date
27 Dec 2019
Basis finalization
Refunds Initiate
28 Dec 2019
Mandate release
Demat Credit
29 Dec 2019
Shares in demat
Listing Debut
30 Dec 2019
Trading begins
Prince Pipes and Fittings Limited is bringing an initial public offering (IPO) in the Industrials / Manufacturing Sector sector with an aggregate issue size of ₹500 Crores. The shares are offered at a price band of ₹177 to ₹178 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-12-20, the basis of allotment is scheduled to be finalized on 2019-12-27. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.