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Precision Pipes IPO is a book built issue of Rs 75.00 crores.
Precision Pipes IPO bidding started from December 17, 2007 and ended on December 20, 2007. The shares got listed on BSE, NSE on December 2, 2019.
Precision Pipes IPO price band is set at ₹140 to ₹150 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Nexgen Capitals Ltd and Uti Securities Ltd are the book running lead managers of the Precision Pipes IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Precision Pipes IPO RHP for detailed information.
| IPO Date | December 17, 2007 to December 20, 2007 |
| Listing Date | December 2, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹150 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 5,000,000 shares (aggregating up to ₹75.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1305 | ₹195,750 |
| Lot Size Calculator | |||
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.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
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 (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;
8. To meet the long term working capital requirements of the Company.
The Precision Pipes IPO is subscribed 10.35 times on December 20, 2007 5:00:00 PM. The public issue subscribed 18.70 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) |
|---|
| Listing Date | December 2, 2019 |
| BSE Script Code | |
| NSE Symbol | |
| ISIN | |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹150.00 |
| ₹160.00 |
| ₹132.60 |
| ₹175.00 |
| ₹138.65 |
| NSE |
|---|
| ₹150.00 |
| ₹165.00 |
| ₹132.00 |
| ₹175.00 |
| ₹136.10 |
Precision Pipes and Profiles Company Ltd
4561, Deputy Ganj,
Sadar Bazar,
Delhi-110 006, India
Phone: +91-1123-612204
Email: ipo@precisionpipes.com
Website: http://www.precisionpipes.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ppap.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Precision Pipes IPO is a main-board IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹75.00 Crores. The issue is priced at ₹140 to ₹150 per share. The minimum order quantity is 45 Shares.
The IPO opens on December 17, 2007, and closes on December 20, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Precision Pipes IPO opens on December 17, 2007 and closes on December 20, 2007.
Precision Pipes IPO lot size is 45 Shares, and the minimum amount required is ₹6,750.
You can apply in Precision Pipes IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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