Bookbuilding IPO | ₹75 Cr | Listed at BSE, NSE | Mon, Dec 17, 2007 - Thu, Dec 20, 2007
Precision Pipes IPO is a book build issue of ₹75.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹75.00 crore.
Precision Pipes IPO bidding started from Dec 17, 2007 and ended on Dec 20, 2007. The shares got listed on the NSE and the BSE on Dec 2, 2019.
Precision Pipes IPO is set final issue price at ₹150 per share. The lot size for an application is 45 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,750 (45 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,350 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (6,705 shares), amounting to ₹10,05,750.
Nexgen Capitals Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Precision Pipes IPO RHP for detailed Information.
IPO Open
Mon, Dec 17, 2007
IPO Close
Thu, Dec 20, 2007
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹210.00 Cr
| IPO Date | 17 to 20 Dec, 2007 |
| Listed on | Mon, Dec 2, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 50,00,000 shares (agg. up to ₹75 Cr) |
| Fresh Issue | 50,00,000 shares (agg. up to ₹75 Cr) |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,40,00,000 shares |
| BSE Script Code / NSE Symbol | / |
| ISIN |
Precision Pipes IPO comprises a total issue size of 50,00,000 shares. Out of which, 25,00,000 (50.00%) are allocated to QIB, 7,50,000 (15.00%) allocated to NII 17,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 25,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 7,50,000 | 15.00% | NA |
| Retail Shares Offered | 17,50,000 | 35.00% | 38,888 |
| Total Shares Offered | 50,00,000 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (Min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (Max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (Min) | 149 | 6,705 | ₹10,05,750 |
Incorporated in 1978, Precision Pipes and Profiles Company Ltd (PPAP) is a leading manufacturer of high quality automotive sealing systems and exterior products in India.
PPAP has four state of the art manufacturing facilities, which are located in New Delhi and Noida. All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified. Product range includes weather strips, trim door opening, windshield molding, roof molding, quarter window seal, A-pillar garnish, B-pillar garnish, skirt air damper, body side molding etc. Additionally, PPAP manufacture PVC based customized profiles for white goods and other industries.
PPAP's client list includes Maruti Udyog Ltd, Honda SIEL, General Motors and Toyota Kirloskar.They have a technical collaboration with Tokai Kogyo Co. Ltd (TKCL), Japan, to manufacture automobile products. In the white goods industry, PPAP supply customized profiles to Godrej, Voltas, Videocon and Carrier Refrigerators.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To enhance In-house Tool Manufacturing and Designing Capability at our existing plant, B-206 A, Noida | |
| 2 | To increase our Production Capacity at our existing plant, B-206 A, Noida | |
| 3 | To set up a new plant for manufacturing of Auto Components at Surajpur, Greater Noida | |
| 4 | To set up a new plant for “Electrical Outlet System” products for PDC at Badarpur, Delhi | |
| 5 | General Corporate Purpose | |
| 6 | To meet the expenses of the public issue | |
| 7 | To list the shares offered through this issue on BSE and NSE |
| KPI | |
|---|---|
| RoNW | 33.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.5% | 62.68% |
| Market Cap | ₹210.00 Cr. |
The Precision Pipes IPO is subscribed 10.35 times on December 20, 2007 5:00:00 PM (Day 4). The public issue subscribed 18.7 times in the retail category, 5.03 times in the QIB category, and 8.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees including Underwriting commission & Selling commission | 26.25 |
| 2 | Registrar’s fees | 1.05 |
| 3 | Advertisement and Marketing expenses | 30.00 |
| 4 | SEBI fees and Stock Exchange fees | 2.10 |
| 5 | Other Miscellaneous expenses (listing fees, Legal Advisor’s fees etc) | 4.33 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹160.00 | ₹165.00 |
| Low | ₹132.60 | ₹132.00 |
| High | ₹175.00 | ₹175.00 |
| Last Trade | ₹138.65 | ₹136.10 |
Lead Manager Reports
Precision Pipes IPO is a main-board IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹75 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 45.
The IPO opens on Mon, Dec 17, 2007, and closes on Thu, Dec 20, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Precision Pipes IPO using UPI as a payment gateway. Zerodha customers can apply in Precision Pipes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Precision Pipes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Precision Pipes IPO opens on Mon, Dec 17, 2007 and closes on Thu, Dec 20, 2007.
Precision Pipes IPO lot size is 45, and the minimum amount required for application is ₹6,750.
You can apply in Precision Pipes IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Precision Pipes IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Precision Pipes IPO allotment status.
The Precision Pipes IPO listing date is on Mon, Dec 2, 2019.
