InvestorQ : what is your view on the Prince Pipes IPO? is it a issue worth investing and what are the prospects?
Tisha Malhotra made post

what is your view on the Prince Pipes IPO? is it a issue worth investing and what are the prospects?

Answer
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8 months ago


The Prince Pipes IPO will be a Rs.500 crore IPO which will include a Rs.250 crore fresh issue of shares and Rs.250 crore by way of offer for sale (OFS). The issue of shares will open on December 18 and close on December 20. The pricing of the IPO will be in the range of Rs.177 to Rs.178 depending on what price the book is built.

The company is an existing profit making business and operates in the pipes business. It currently, has annual sales of Rs.1579 crore and net profits of Rs.112 crore giving the company a net margin of a shade above 7%. The company has a good marquee investment banking team in place and could be placed to ride the IPO listing boom we have seen in the last few months. You can look to apply in the IPO but since this combines an OFS too, the pressure on the price is likely to be quite strong post listing. Alternatively, you can also look to buy in the secondary market once it is listed.


user profile image
8 months ago


Decent investment option as a company. Recognised brand. Performance will really heavily in demand fron the realty and housing sector - which is not in the best book at present. Think long term.


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VIKAS DELIWALA answered.
8 months ago


Well prince is having good fundamental and looking Strong in long term view but...

As per grey market it is not showing much premium as compare to recent IPOs....

For more detail you can visit grey market IPO website.

Conclusion : invest after listing or subscribe with long term view...

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