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Registered Office: [ Plot No 1 Honda Indl Estat , Phase II Honda Sattari Honda , Goa - 403530 , Goa , India.
                                  Phone:91-22-66022222   Fax:91-22-66022220
                                  Email: investor@princepipes.com
                                  Website: www.princepipes.com

Initial Public Offering of 28,089,885 equity shares of face value of Rs10 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 Rs178 per equity share including a share premium of Rs168 per equity share (the "offer price"), aggregating to Rs500 Crores* (the "offer"), comprising a fresh issue of 14,044,943 equity shares by the company aggregating to Rs250 Crores* (the "fresh issue") and an offer for sale of 14,044,942 equity shares aggregating to Rs250 Crores, including 1,123,595 equity shares aggregating to Rs20 Crores by Jayant shamji Chheda, 7,865,168 equity shares aggregating to Rs140 Crores by Tarla Jayant Chheda, 2,808,988 equity shares aggregating to Rs50 Crores by Parag Jayant Chheda and 2,247,191 equity shares aggregating to Rs40 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 Rs10 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 Rs106.18 Crores ("pre-ipo placement"). The size of the fresh issue of up to Rs356.18 Crores has been reduced by Rs106.18 Crores pursuant to the pre-ipo placement and accordingly the fresh issue is up to Rs250 Crores.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
18-Dec-19	20-Dec-19	Rs 178.00-0.00	Rs 0.00-0.00
Minimum Application for shares in Nos : 84 Further Multiples of : 84

	Rs Cr	Lead Managers to the Issue
Project Cost	250.00	Edelweiss Financial Services Ltd
Project Financed through Current Offer	500.00
Post Issue Equity Share Capital	110.03
Issue Price	Rs.178.00

Projects

Repayment or prepayment in full or part of certain outstanding loans of the company	Financing the project cost towards establishment of new manufacturing facility
Upgradation of equipment at the manufacturing facility	General Corporate Purposes

Promoted By

Jayant Shamji Chheda

Tarla Jayant Chheda

Parag Jayant Chheda

Listing At

BSE

NSE

Registrar to the Issue

No Data Found.

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