Prince Pipes and Fittings Limited IPO
Prince Pipes and Fittings Limited was a mainboard IPO in the Plastic Products - Industrial sector, offered at ₹177–₹178 per share to raise ₹500 crore. The issue was subscribed 2.21× overall (QIBs 3.54×, NIIs 1.21×, retail 1.89×). It listed on 30 Dec 2019 at ₹160 and closed its first day at ₹167, a listing loss of -6.2% versus the ₹178 issue price. It now trades around ₹256 (+43.9% versus the issue price).
Frequently asked questions
- How many times was the Prince Pipes and Fittings Limited IPO subscribed?
- The Prince Pipes and Fittings Limited IPO was subscribed 2.21× overall — 3.54× in the QIB category, 1.21× among non-institutional investors, 1.89× in retail.
- What were the Prince Pipes and Fittings Limited IPO listing gains?
- Prince Pipes and Fittings Limited listed on 30 Dec 2019 at ₹160, closing its first day at ₹167 — a listing loss of -6.2% versus the ₹178 issue price.
- What were the retail allotment odds for the Prince Pipes and Fittings Limited IPO?
- Retail was subscribed 1.89×, so a single-lot application had roughly a 52.9% chance of allotment (about 1 in 2), and allotment was finalised on 24 Dec 2019.
- What was the price band and lot size of the Prince Pipes and Fittings Limited IPO?
- The price band was ₹177–₹178 per share, with a minimum lot of 84 shares (₹14,952 at the upper band).
- Who were the registrar and lead manager for the Prince Pipes and Fittings Limited IPO?
- Link Intime India Private Limited was the registrar, and JM Financial was the book-running lead manager.