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Prince Pipes & Fittings Ltd
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.
Issue
Opens On Closes On
18-Dec-19 20-Dec-19
Money Payable On
Application Allotment
178.00 0.00
Minimum Application for shares in Nos : 84 Further Multiples of : 84
Cr Lead Managers to the Issue
Project Cost (.Cr) 250.00 Edelweiss Financial Services Ltd
Project Financed through Current Offer (.Cr) 500.00  
Post Issue Equity Share Capital (.Cr) 110.03
Issue Price () 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
Link Intime India Pvt Ltd
 

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