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IPO IPO Synopsis

 
Prince Pipes & Fittings Ltd

  • 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 : investors@princepipes.com
  • Website :www.princepipes.com
                 
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.
Opens On Closes On
Issue 18-Dec-19 20-Dec-19
Application Allotment
Money Payable On 178.00 0.00
Minimum Application for shares in Nos : 84 Further Multiples of : 84
  rupeeCr Lead Managers to the Issue
Project Cost (rupee.Cr) 250.00 Edelweiss Financial Services Ltd
Project Financed through Current Offer (rupee.Cr) 500.00  
Post Issue Equity Share Capital (rupee.Cr) 110.03
Issue Price (rupee) 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
Minimum Application for shares in Nos : Further Multiples of :
Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
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