JKB Financial Services Ltd.

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Prince Pipes & Fittings Ltd
Registered Office: Plot No 1 Honda Indl Estat, Phase II Honda Sattari Honda, Goa - 403530, Goa
Phone: 91-22-66022222
Email: investor@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.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
18-Dec-2019	20-Dec-2019	₹ 178.00	₹ 0.00

Minimum Application for shares in Nos : 84 Further Multiples of : 84
	(₹)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	₹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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