Prince Pipes IPO closes today, subscribed 74 percent till second day - Indian IPO Blog

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Friday, December 20, 2019

Prince Pipes IPO closes today, subscribed 74 percent till second day

Prince Pipes IPO closes for subscription today. The IPO had opened Wednesday and was subscribed 0.74 times till Day 2 of opening. The IPO was fully subscribed only in Retail category

The company is engaged in manufacturing of polymer pipes and fittings. The company produces four types of polymer pipes including CPVC, UPVC, HDPE, PPR and three different polymer fitting types CPVC, PPR, and UPVC. It is operating in the polymer pipe segment under two brand names; which are Trubore and Prince Piping Systems. The company has a corporate office in Mumbai and a strong presence across North, South and West India

The IPO was subscribed by 0.68 times in QIB, 0.06 times in HNI and 1.06 times in Retail category

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