Prince Pipes and Fittings IPO
Prince Pipes and Fittings Limited (PRINCEPIPE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 December 2019.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 56,49,718 | 1,99,72,680 | 3.54x | |
| NII (HNI) total | 42,37,288 | 51,07,956 | 1.21x | |
| Retail | 98,87,006 | 1,86,38,760 | 1.89x | |
| Total | 1,97,74,012 | 4,37,19,396 | 2.21x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion.
Anchor investors: the company's anchor allocation letter is a scanned document we cannot read automatically; open it on NSE (zip).
After listing
| Time after listing | vs issue price ₹178 |
|---|---|
| 1 week | -15.6% |
| 1 month | +0.1% |
| 3 months | -46.8% |
| 6 months | -36.4% |
| 1 year | +58.5% |
NSE closing prices, adjusted for later splits and bonuses. How IPOs do after listing, in general.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Prince Pipes and Fittings's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| ShalbyDec 2017 | 4.34x | 0.42x | 2.98x | 2.82x | ₹515 Cr | -3.4% | +2.7% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
| Khadim IndiaNov 2017 | 2.44x | 0.18x | 2.33x | 1.90x | ₹544 Cr | -2.7% | -1.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
Offer documents (NSE)
Frequently asked
What is the Prince Pipes and Fittings IPO price band and lot size? ₹177–178 per share, with a lot of 84 shares, so the smallest retail bid is ₹14,952.
How many times has it been subscribed? 2.21x overall: QIB 3.54x, NII 1.21x, retail 1.89x.
How did it list? It opened at ₹160, -10.1% against the issue price of ₹178, and closed its first day -6.2%.
