Prince Pipes IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 18/12 - 20/12
Issue Size ₹500.00 Cr
Issue Price ₹177-178
Market Lot 84 Shares
Shares on Offer
Registrar Link Intime
GMP ₹13 - 15
Kostak ₹250 - 300
Subject to Sauda N/A
Listing Date 31/12/2019
Listing Price N/A
Listing Gain% N/A

About Prince Pipes and Fittings Ltd

PRINCE PIPES AND FITTINGS LTD. continuously aims at growing its product range to meet the needs of a growing India. We are committed towards constant innovations in plumbing, irrigation and sewerage technologies to meet the nation’s constantly increasing water demands. Prince Pipes constantly strives to pave the way for a future that provides clean water for everyone and everywhere; from the smallest villages to the largest cities.

Water conservation is as important as leak-proof water transport. We also provide Borewell systems for groundwater extraction.

With a combined network of 1055 distributors which includes 843 Prince Distributors and 212 Trubore Distributors, Prince Pipes is constantly increasing its pan-India distributor base to ensure it is always close to its customers and ever ready to address their needs.

With its corporate office in Mumbai, PRINCE PIPES AND FITTINGS LTD. has its manufacturing plants at Athal (Silvassa), Dadra (Silvassa), Haridwar (Uttarakhand), Kolhapur (Maharashtra) and Chennai (Tamil Nadu).

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.

Prince Pipes and Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of production capacity, number of distributors, and number and variety of products manufactured.

Company markets their products under two brand names: Prince Piping Systems and Trubore Piping Systems.

Company sells under various brands names like Durafit, Easyfit, Silentfit, Foamfit, Safefit, Rainfit, Novofit, Greenfit, Aquafit, and TRUBORE in India.

Company has more than 30 years‘ experience in manufacturing polymer pipes and more than 20 years‘ experience in manufacturing fittings.

Company has a product range of more than 7,500 SKUs. Company’s products are used for varied applications in plumbing, irrigation, and sewage disposal.

Currently they sell their products to distributors who then resell them to wholesalers, retailers, and consumers. Company has around 766 distributors spread across India.

Company has five strategically located manufacturing plants, which has enabled them to develop a strong presence in North, West and South India.

Company’s 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).

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 9,720.48 7,600.51 6,511.67
Total Revenue (In ₹ Millions) 13,265.71 13,324.95 10,816.18
Profit After Tax (PAT) (In ₹ Millions) 735.03 747.72 296.35

Prince Pipes and Fittings Ltd IPO Reviews

  • Rating: 
  • Recommendation:
  • We don't recommend subscription of Prince Pipes IPO.
  • Weak subscriptions for Prince Pipes IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - 18 Dec 2019 0.05 0.03 0.52 0.28
Day 2 - 19 Dec 2019 0.68 0.06 1.06 0.74
Day 3 - 20 Dec 2019 3.54 1.21 1.89 2.21

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Prince Pipes and Fittings Ltd IPO FAQs

  1. When will Prince Pipes and Fittings Ltd IPO open?

    Prince Pipes and Fittings Ltd IPO will open on 18/12 and close on 20/12.

  2. What is the listing date of Prince Pipes and Fittings Ltd IPO?

    Prince Pipes and Fittings Ltd IPO will list on 31/12/2019.

  3. What is the offer price of Prince Pipes and Fittings Ltd IPO?

    The offer price of Prince Pipes and Fittings Ltd IPO is ₹177-178.

  4. What is the lot size of Prince Pipes and Fittings Ltd IPO?

    The lot size of Prince Pipes and Fittings Ltd IPO is 84.

  5. What is the Grey Market Premium (GMP) price of Prince Pipes and Fittings Ltd IPO?

    The Grey Market Premium (GMP) price of Prince Pipes and Fittings Ltd IPO is ₹13 - 15.

  6. What is the Kostak price of Prince Pipes and Fittings Ltd IPO?

    The Kostak price of Prince Pipes and Fittings Ltd IPO is ₹250 - 300.

  7. What is the Subject to Sauda price for Prince Pipes and Fittings Ltd IPO?

    The Subject to Sauda price for Prince Pipes and Fittings Ltd IPO is Not Available at the moment.

Prince Pipes and Fittings Ltd IPO Review/Comments

Please Leave Your Message