Prince Pipes IPO to open on December 18; Price band at Rs177-178/sh

The company's Rs500cr initial public offering comprises Rs250cr through fresh issue of shares and an equal amount through offer-for-sale.

Dec 17, 2019 09:12 IST India Infoline News Service

Initial Public Offer, IPO
Prince Pipes and Fittings said it has fixed a price band of Rs177-178 per share for its initial public offering, through which it is expecting to raise Rs500cr.

The IPO will open for public subscription on December 18 and close on December 20. It has set a price band of Rs177-178 per equity share for the IPO, the company said in a statement. 

The company's Rs500cr initial public offering comprises Rs250cr through fresh issue of shares and an equal amount through offer-for-sale.

Link Intime India Private Ltd is the registrar for the IPO, while JM Financial Limited and Edelweiss Financial Services Ltd are book running lead managers to the issue.

Shares of Prince Pipes are proposed to be listed on BSE and NSE.

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