Prince Pipes and Fittings Ltd IPO (Prince Pipes IPO) Detail

Dec 18, 2019 - Dec 20, 2019

Incorporated in 1987, Mumbai based Prince Pipes and Fittings Limited 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.

Prince Pipes provides an end to end solutions across a wide product range (7,480 SKUs as on 30th June 2018). It has 5 manufacturing units located at Haridwar (Uttarakhand), Athal (Dadra and Nagar Haveli), Dadra (Dadra and Nagar Haveli), Kolhapur (Maharashtra) and Chennai (Tamil Nadu). Besides, two contract manufacturing units are located at Hajipur (Bihar) and Aurangabad (Maharashtra).

The company is also planning to open two manufacturing units at Jobner (Rajasthan) and Sangareddy (Telangana). Prince Pipes and Fittings Ltd has 10 warehouses to store the products. The company sells the products under Prince Piping Systems brand name to 843 distributors which further sell them to wholesalers, retailers and plumbers. The products under Trubore are directly sold to 212 wholesalers and retailers.

Competitive Strengths

Strong brand presence in pipes and fittings segment
Diverse product portfolio
Multi-location manufacturing units in India
A strong presence in North, West and South India
A pan-India network of distributors
Technical collaboration with international players to maintain quality of products

Company Promoters:

Jayant Shamji Chheda, Tarla Jayant Chheda, Parag Jayant Chheda, Vipul Jayant Chheda and Heena Parag Chheda are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (₹ in Millions)
	Three months period ended on 30-June-2019	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	10,144.57	10,404.13	9,798.77	7,605.05	6,533.00
Total Revenue	3,801.92	15,789.95	13,265.71	13,324.95	10,816.18
Profit After Tax	266.69	833.51	727.66	741.82	295.35

Objects of the Issue:

The details of utilization of the proceeds of the Fresh Issue are summarized below:

1. Repayment or prepayment of certain outstanding loans of the company;
2. Financing the project cost towards establishment of a new manufacturing facility;
3. Upgradation of equipment at the manufacturing facilities; and
4. General corporate purposes, subject to the applicable laws.

Prince Pipes IPO Details

Issue Open	Dec 18, 2019 - Dec 20, 2019
Issue Type	Book Built Issue IPO
Issue Size	28,248,586 Eq Shares of ₹10 (aggregating up to ₹500.00 Cr)
Fresh Issue	[.] Eq Shares of ₹10 (aggregating up to ₹250.00 Cr)
Offer for Sale	[.] Eq Shares of ₹10 (aggregating up to ₹250.00 Cr)
Face Value	₹10 Per Equity Share
Issue Price	₹177 to ₹178 Per Equity Share
Market Lot	84 Shares
Min Order Quantity	84 Shares
Listing At	BSE, NSE
P/E (x)	18.35

Prince Pipes IPO Tentative Date / Timetable

Bid/Offer Opens On	Dec 18, 2019
Bid/Offer Closes On	Dec 20, 2019
Finalisation of Basis of Allotment	Dec 26, 2019
Initiation of Refunds	Dec 27, 2019
Credit of Shares to Demat Acct	Dec 30, 2019
IPO Shares Listing Date	Dec 30, 2019

Prince Pipes IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	84	₹14,952
Maximum	13	1092	₹194,376

Prince Pipes IPO Promoter Holding

Pre Issue Share Holding	90.06%
Post Issue Share Holding	65.80%

Note:

Pre-IPO Placement: 5,965,000 equity shares (aggregating up to Rs 106.18 crore)
Investor Portion- QIB: 50% of the issue; NIB: 15% of the issue; Retail: 35% of the issue
Anchor bidding date: 17th Dec 2019

Prince Pipes IPO Subscription Status (Bidding Detail)

Prince Pipes IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Total
Shares Offered	5,649,718	4,237,288	9,887,006	19,774,012
Dec 20, 2019 17:00	3.54x	1.21x	1.89x	2.21x

Prince Pipes IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Prince Pipes IPO Rating

1664

3.9

Rating:

Vote Here ...

Prince Pipes IPO Listing Date

Listing Date	Monday, December 30, 2019
BSE Script Code	542907
NSE Symbol	PRINCEPIPE
Listing In	B
ISIN	INE689W01016
Issue Price	₹178 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE
₹178.00
₹160.00
₹152.60
₹177.95
₹166.60
2,036,657

NSE
₹178.00
₹160.00
₹152.50
₹177.90
₹166.90
21,159,947

Prince Pipes IPO Reviews / Ratings

Company Contact Information

Prince Pipes and Fittings Ltd
Plot No.1, Honda Industrial Estate,
Phase II, Honda Sattari,
Honda, Goa 403 530, India

Phone: +91 22 66022222
Email: investor@princepipes.com
Website: https://princepipes.com/

Prince Pipes IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: princepipes.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Prince Pipes IPO Lead Manager(s)

Lead Manager Reports

Prince Pipes IPO FAQs

1. What is Prince Pipes IPO?

Prince Pipes IPO is a main-board IPO of 28,248,586 equity shares of the face value of ₹10 aggregating up to ₹500.00 Crores.

The issue price of the IPO is ₹177 to ₹178 Per Equity Share. The minimum order quantity is 84 Shares per application and the offer type is Book Built Issue.

The IPO opens on Dec 18, 2019 and closes on Dec 20, 2019.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
2. When Prince Pipes IPO will open?

The Prince Pipes IPO opens on Dec 18, 2019 and closes on Dec 20, 2019.
3. How to apply for Prince Pipes IPO?

Prince Pipes IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When Prince Pipes IPO allotment?

The finalization of Basis of Allotment for Prince Pipes IPO will be done on Dec 26, 2019, and the allotted shares will be credited to your demat account by Dec 30, 2019. Check the Prince Pipes IPO allotment status.
5. When is Prince Pipes IPO listing date?

The Prince Pipes IPO listing date is on Monday, December 30, 2019, at BSE, NSE.
6. What is the lot size of Prince Pipes IPO?

Prince Pipes IPO lot size is 84 Shares and the minimum order quantity is 84 Shares.

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Prince Pipes IPO Review / Comments

484. Roxpatel Dec 18, 2019 13:22

3 |

Good subscription figures for retail till now, though Grey market activity is less, we can see another spandana here, good for long term, I'm in with 2 lot, will add more if go down below price

484.1. Roxpatel Jan 29, 2020 09:42

2 lot + Bought some at 153
Still holding, who is with me?

483. Shy Investor Jan 22, 2020 16:13

Price Band Rs.72- Rs.77.
Current price is Rs.98.80

482. sumit kumar bucha Jan 18, 2020 00:04

1 |

205........ next day......... buy-buy-only buy............................sell at 215 to 225

482.1. Rahul Wgl Jan 18, 2020 08:23

2 |

None of the posts by you came true, yet hoping that this might turn Out Of The Blue.

481. Dr. Jan Itor Dec 31, 2019 19:57

3 |

Booked loss with complete exit. Last time it was Indostar Capital jisne dubaya tha. Anyway, chalta hai. Part of being in the market.
Btw after I sell, shares tend to rise. Just letting interested people know. ;)

481.1. Dr. Jan Itor Jan 15, 2020 05:17

1 |

Was I right or was I right? All the best for those still stuck. You may be rewarded. :D

481.2. Dr. Jan Itor Jan 16, 2020 19:36

2 |

I hope over-leveraged people have partly sold and got some relief. All the best for investing 2020.

480. Rahul Wgl Jan 16, 2020 10:15

2 |

Yes, Its above 180 now, hence proved nobody is the master of the market..

480.1. Rahul Popat Jan 16, 2020 10:42

1 |

Hope u get good exit opportunity....

Many are not get this.........in many stocks....

U r right no one perfect but we can predict...many time its wrong o.w.....

Hold your remaining qty with strict stop loss....

480.2. Rahul Wgl Jan 16, 2020 10:52

1 |

@Rahul Popat, done bro. Sold 50% shares at 180 & held the remaining. Thanx for ur suggestions from time to time

479. Rahul Popat Jan 12, 2020 19:38

1 |

I think on monday price above the ipo price so reduce your risk...

Hold only shares for which you can earn profit

479.1. Rahul Wgl Jan 12, 2020 21:48

I am Ready to Follow as advised by you, fingers crossed for better price tommorow.

479.2. Rahul Popat Jan 15, 2020 19:02

1 |

@rahul wgl

Hold it if cross price ipo fast up move....

Huge buying news coming in news.....

Hold but sell your 80-85% holdiing near ipo price...is advisable...

478. subramanya bhatt Jan 13, 2020 17:01

1 |

Good that prince pipe is recovering.likely to cross 200 and settle near 212 before moving further.

478.1. Rahul Wgl Jan 14, 2020 19:05

1 |

yeah, hoping for the 200 and above movement at the earliest, I still hold all the allotted shares, after the disaster listing.

477. Roxpatel Jan 13, 2020 11:39

1 |

It seems 200 is near

477.1. Rahul Wgl Jan 13, 2020 11:41

it seems obvious bro.

476. STK EXCHANGE Jan 12, 2020 16:13

1 |

New Member

Exit as promoters have tied with some ppl on interest terms .

475. ipoupdates Jan 11, 2020 11:45

1 |

It seems that prince pipes will be above IPO price soon.

474. yashsingal Jan 5, 2020 22:58

1 |

2 |

New Member

@Admin can you please let me know how do i delete my account from this site? unable to find that option.
For sure this forum is useless for new users. Thanks in advance.

Load more comments (5 replies)

474.6. SivaMDU Jan 6, 2020 21:52

New Member

I support the feature added by admin in the interest of novice investors. I found that experienced members are responding for most of the doubts as far as possible. Problem is that same question in different flavour are being asked and answer for the same could have been obtained by reading some old messages, like SBI card SH quota doubt. Anyway, how a matter is taken vary from person to person. I appreciate the support/help of admin and fellow members.

474.7. A.K. Goyal Jan 7, 2020 10:49

Good action by admin

473. Arjun n Jan 6, 2020 13:39

Well said Mr Yash, 16 lac crore for irrigation. but market is not reacting in that way

472. yashsingal Jan 1, 2020 00:23

4 |

New Member

16 lac crores for irrigation and agri projects and also govt is encouraging infra projects, this is sure shot a winner in 1 or 2 years.

Note : just my view, nothing else. I'm invested in this with one lot allotment and added few shares at 150.

Load more comments (22 replies)

472.1. amit K singh Jan 1, 2020 10:35

2 |

Top Contributor (300+ Posts, 500+ Likes)

We must agree, this ipo failed overall. Many lost their money. Now it's movement depend on how the company performs and it's results. Leave it to secondary market.

472.2. Gautam Prakash Mulye Jan 2, 2020 11:17

1 |

New Member

See Sterlite Tech
Hope everyone is watching

472.3. yashsingal Jan 2, 2020 13:50

2 |

1 |

New Member

@Gautam bhai.. missed it can we add now? Saw sterlite tech in news today and your recom only came to my mind.. anyway great choice and good luck.

472.4. DownriteVJ Jan 2, 2020 18:34

3 |

IPO Guru (1100+ Posts, 1000+ Likes)

Great work admin. Thanks for adding new member tag with a warning icon ;)

472.5. amit K singh Jan 2, 2020 21:22

2 |

Top Contributor (300+ Posts, 500+ Likes)

Thanka Admin for alerting us about new member.

Just wondering what is the criteria for the new member?

472.6. yashsingal Jan 2, 2020 22:09

1 |

New Member

I recently opened my account, after following the pages since months. So that is the criteria, hardly a week old account😂

472.7. Team Chittorgarh.com Jan 3, 2020 09:13

2 |

1 |

Dear Mr. Amit,
Thank you for your kind message.

Mana people from PR agencies hired by the company coming up with IPO create new IDs and start promoting that IPO. While the moderator blocks them as soon as they come to know but there is a delay because of the manual process. This is what we are trying to address with this new feature.

As of now the criteria is 1 month from registration but it will keep evolving based on feedback from people like you.

Please keep posting your views on this feature or any new features you would like to see on this website. You could post a message here addressing admin or send a message through the contact us form.

Thank you,

Chittorgarh.com Admins

472.8. amit K singh Jan 3, 2020 09:20

2 |

Top Contributor (300+ Posts, 500+ Likes)

Thanks Admin for the info.

472.9. Medge Jan 3, 2020 14:41

2 |

IPO Mentor (600+ Posts, 900+ Likes)

Kudos to admin and Chittorgarh team 👍🏼
Great work !!!

472.10. Roxpatel Jan 3, 2020 15:37

1 |

I'm with you too added some lots 2 times on 150 and 155, future is good

472.11. yashsingal Jan 3, 2020 15:39

1 |

New Member

@roxpatel I'm holding it for long term. it should rise in quarterly results time, but still cannot say. Will exit once 200+. Hope it comes 😅

472.12. Junglee Jan 3, 2020 16:02

2 |

1 |

New Member

Reminds me of some mistakes I did earlier in my life, chasing stocks in which i was loosing money by trying to average them at all falls, later i learnt to book out losses and try to recover in some other good quality share, i can understand it is very hard to book losses

472.13. Gautam Prakash Mulye Jan 3, 2020 16:12

New Member

Dont buy Prince yaar..!

Dont..

Do One thing Tomorrow morning

SHORT SHARDA CROPCHEM AT PREOPEN
You will get 1-2% SL 293.10

472.14. Gautam Prakash Mulye Jan 3, 2020 16:13

New Member

Tomm means not tomm on Monday I meant

472.15. yashsingal Jan 3, 2020 16:15

New Member

Not buying prince anymore, just holding it. Waiting to enter into sterlite tech, not a day trader. An investor this side 😅

472.16. Gautam Prakash Mulye Jan 3, 2020 16:18

1 |

New Member

Be investor on one hand yash but u can track intra day opportunities as well for chai pani
Today I had picked up two shorts- Sharda Cropchem and LG Balkrishna
See charts of both
I think Sharda will come down further on Monday

472.17. yashsingal Jan 3, 2020 16:18

New Member

@Junglee, i learnt that already booked losses in ITC and invested somewhere else, but some times u have faith in a stock it will rise someday, seeing irrigation
and infra projects I'm positive on prince pipes, though not adding anymore now, will just hold and see how many years it takes to reach that level. Once reach will exit if not will keep on holding. No issues.

472.18. yashsingal Jan 3, 2020 16:20

New Member

@Gautam,
The thing is chai paani can cost u a 5 star hotel dinner sometimes😅 Will never do intra day as it is addictive and once u are into it, I don't think anyone can come out without booking huge losses. Always up for delivery.

472.19. Gautam Prakash Mulye Jan 3, 2020 16:20

1 |

New Member

You can wait for a correction or dip towards 122-121-123 for Ster Tech then if it comes back to 115-116, you can avg out to bring ur avg @ 120
Dont hold Prince re. I dont think that stock will go anywhere as per me. my opinion.
Instead look for Buying Opportunities in ITC and Ster Tech they are lambi race k ghode
ITC u can buy only after budget not before budget. and with that If option writing strategy is applied it will give u 12000 p.m. sureshot I have strategies. but for that u will require 5,50,000/- then I can guarantee u 10,000 p.m. every month

472.20. Gautam Prakash Mulye Jan 3, 2020 16:23

1 |

New Member

yash i agree about day trading, u r right but selective trades can be done with STRICT STOPLOSS if hit before 9.55 a.m in case of short trades.

Anyways ur wish

472.21. yashsingal Jan 3, 2020 16:26

New Member

Thanks for your advices gautam, but not looking to pay and get any stocks from anyone 😅 Sorry for that, but anyway you are having great stock knowledge. Good luck.
I'm almost invested, just waiting for some higher returns. Joined this forum only for doubts on Shareholders quota of the ipo.Whether we can apply both shareholder and retail quota from a single demat account, like rejections occur due to invalid applications, but had a conversation with you. Thanks.
Prince just made my work simple, atleast it got confirmed I'm filling forms for ipo properly, that was what was required before big IPO's on the line.

472.22. Junglee Jan 3, 2020 17:58

1 |

New Member

i would advice to be an Investor, Trading i would never advice a newbie, and stick to quality stocks, if you feel infra is the theme to be in, why not look at market leaders, why prince? why not Larsen? why not the cement stocks. Please trust me these stocks will be forgotten as days pass

Ride a donkey if you want but please ensure you leave it before you enter your village, dont take it home

Remember your core long term portfolio should be mainly bluechip shares and high quality midcaps, which should be held patiently

472.23. Junglee Jan 3, 2020 18:01

New Member

by these I mean Prince type of stocks

472.24. yashsingal Jan 3, 2020 19:36

3 |

New Member

I mostly have quality mid cap stocks and exit them then and there when my target is acheived, coming to prince pipes i applied to this just to check if I'm filling the ASBA application correct and getting the shares into the demat. Now that i got this .. i can be more sure while applying for SBI Cards ipo and other makor ipo's lined up.

471. Medge Jan 1, 2020 17:44

8 |

1 |

IPO Mentor (600+ Posts, 900+ Likes)

We should not waist energy in this counter, this IPO is totally failed, stock may correct another 20-25 points, bounce it's only depending on next company results.
Even they have cleared pledged shares but this is still not debt free company.
In domestic market prince products already facing tough competition from other well known brands.
So expecting too much in long term also will be doughtful.

471.1. Medge Jan 1, 2020 17:49

2 |

1 |

IPO Mentor (600+ Posts, 900+ Likes)

Pls read waist as waste 😅.

471.2. Gautam Prakash Mulye Jan 3, 2020 16:26

2 |

New Member

Yes Prince is failed.
Promoter credibility and pledge and litigation are severe issues. And Once Green Mkt Mechanism period of 15 days gets over, expect severe selling in Prince Pipes and expect it to slide in two digits.

470. Siva mallam Dec 29, 2019 14:43

2 |

what would be the best strategy tomorrow to minimize my loss , I have 1 lot with me ( assuming it is listing at discount)

1. Should I exit immediately at listing price .
2. Since I have 1 lot should I sell at listing price and buyback at closing price. ( shorting)
3. Should I acquire more, I don't think this is logical at this point .

Kindly guide me

Load more comments (28 replies)

470.1. Cautious ipo Dec 29, 2019 16:38

2 |

Top Contributor (200+ Posts, 200+ Likes)

Chem cho is best in listing day strategy

470.2. Gautam Prakash Mulye Dec 29, 2019 17:25

2 |

New Member

Siva,

Dont buy new shares atall

84 is small qty as per me. you can keep it but better to exit and shift to Sterlite Tech for better returns

470.3. yashsingal Dec 29, 2019 19:58

New Member

@Gautam,
Sterlite tech has been trading in 10 Rs since one month, any reason you are suggesting it now ? as there are so many people who are stuck in that stock at much higher levels.

470.4. Rahul Wgl Dec 29, 2019 20:00

2 |

@Gautam
Donnow why, you are hell-bent in promoting Sterlite Tech bro, any good reason why only it?

470.5. Gautam Prakash Mulye Dec 29, 2019 20:36

New Member

@ Yash, @ Rahul

Sterlite Tech is one of the cheapest valuated companies in MIDCAP IT!
ALL MIDCAP IT SHARES have gone up in Last few weeks trading at 15-20 times PE.
But this hasnt gone up and trading at inexpensive 8 PE and trading with mkt cap of only 4500 CR which is extreamly less taking into consideration valuations.

Rest is your choice,

To pick winners, you will have to pick good stock when it is ignored by everyone

470.6. Gautam Prakash Mulye Dec 29, 2019 20:37

New Member

Long term ka bola isliye I said,
Long term he lena hai toh Ster Tech he lo jo estabilished player hai
new player aur new co me Q jane ka for long term where there Are pledged shares and promoter legal battles are concerns?? right from the beginning
I mean why when we have better choices???

470.7. yashsingal Dec 29, 2019 20:42

New Member

@Gautam,
Valuation ke hisaab se looks fine to me, but still what would be your long term target for this stock? And if i have a look at it the retailer holding is more when compared to other category. Please put some light on this.
And What levels can be seen in like 1 or two years or even 6 months according to you?
If i choose for long term i have a minimum view of 70% returns.

470.8. Siva mallam Dec 30, 2019 14:57

Not as bad as I thought it would be , Thanks to all the buyers for saving me today !! ... seems like not a bad stock to hold for longterm, let see what happens tomorrow...

470.9. yashsingal Dec 30, 2019 15:01

New Member

Even I'm having one lot, waiting for 200 or 250 levels to exit. All the best

470.10. Siva mallam Dec 30, 2019 15:05

Do you think so , I would reach 200-250 range !? Whats the time horizon you are looking at ..

470.11. Junglee Dec 30, 2019 15:13

New Member

Who said Sterlite technology is a Midcap IT company?? its belongs to the Infamous vedanta group of Anil Agarwal, its is manufacturer of fibre optical cable, the vedanta group is known for its volatile movement in stock, At this price i dont feel there is much downward risk but calling it an IT company is wroing

470.12. yashsingal Dec 30, 2019 15:18

New Member

I can hold it for long even for 2 - 3 years, but i will exit once my levels are reached. Hoping for it to reach there in 3-6 months, depends on how much it closes and opens this week, will surely add some in dips.

470.13. yashsingal Dec 30, 2019 15:19

New Member

and i have only one lot which is not a worry for me as i have seen my risk appetite and only opted for one lot.

470.14. Bhugz Dec 30, 2019 15:28

1 |

New Member

Sterlite Technologies Ltd is small cap fund with market cap of 4,604cr. 1 year return -59.88%.
52w high 301.85 and 96.60 at low respectively.
It falls under Communication service- Telephone Equipments.
Currently it is trading at 110- 115 range.
In 5 year it has given 137.93% return but currently it is giving negative return.

470.15. Siva mallam Dec 30, 2019 15:34

@yahsinghal 3-6 months seems to be fair , I think I will hold it , just two - three sessions more to stabilize ,

as far as today all weak hands are out and those who wants to exit are out as well , only HNI & Strong hands are remaining ... lets hope for the best ...

470.16. yashsingal Dec 30, 2019 15:36

New Member

But it closed at the down side, creating average of the whole trade today .. lets see how it opens in the coming days.

470.17. Bhugz Dec 30, 2019 15:36

New Member

Vedanta isn't Bad Company. @Junglee you are speaking about Sterlite Copper Company which was Subsidiary of Vedanta. Sterlite Technology is totally different company.
The government of Tamil Nadu ordered the smelter shut permanently on May 28 last year after bloody protests at the plant in the city of Thoothukudi culminated in police opening fire on demonstrators.
This is the main reason for volatile in its share price. And stock is 2.95x as volatile as nifty which is considered to be moderate risk.

470.18. Junglee Dec 30, 2019 16:03

1 |

New Member

Bhugz Sir, with due respect to you, I am not saying Vedanta is a bad company because of the Pollution issue, its a bad company because of its greedy promoters, go back in history when the flagship company of this group, stole shares of shareholders from their demat account by wording the buy back letter to shareholders wrongly, Vedanta suffers from corporate governance, I dont say Strerlite Technology may not bounce back, it may but dont trust these vedanta guys. And yes. its very much a Vedanta group Company

470.19. Junglee Dec 30, 2019 16:06

1 |

New Member

Te drop in share price is because of heavy dumping by china, which has resulted the prices of the finished product of the company dropping by almost 70%

470.20. Siva mallam Dec 31, 2019 12:31

seems to have some muscle in his argument , sterling tech rose by 4% !!

470.21. Pandit Ji Dec 31, 2019 12:57

Top Contributor (300+ Posts, 100+ Likes)

Beaten down stock, secondly cnbz awaaz promoted it today in their 20-20 programme saying 5g coming 5 g coming and demand for fibre optic cable to increase, such momentum good for trading, stock promoted on CNBC usually reacts in a day or two

470.22. DownriteVJ Dec 31, 2019 13:59

1 |

IPO Guru (1100+ Posts, 1000+ Likes)

Kya baat hai.. Itne saare comments ek point pe

470.23. Gautam Prakash Mulye Dec 31, 2019 16:10

New Member

Yes @ everyone,
Bcoz of mkt cap of paltry 4500 CR, i called it a midcap. And it comes in midcap IT index.
It is very good for long term horizon of 2 years.
I see target of ₹195,₹230,₹300 by 2021 or Mid 2022.

470.24. yashsingal Dec 31, 2019 16:16

New Member

Any one has any idea on dwarikesh sugar? Daily crossing 52 wk highs. Are sugar stocks really on a rally in 2020?

470.25. Gautam Prakash Mulye Dec 31, 2019 16:55

New Member

Yes sugar vl continue to rally.
Dhampur is best of the lot bhai...

470.26. yashsingal Dec 31, 2019 17:00

New Member

Haan gautam bhai compared both dhampur and dwarikesh, at the end planned to buy good quantity of dwarikesh, can cover dhampur returns with quantity of dwarikesh

470.27. Gautam Prakash Mulye Dec 31, 2019 17:43

New Member

No bhai,

Dhampur is better than Dwarikesh..

How small qty and all matters ultimately its returns on investment value.

and Dhampur will give better returns than all sugar stocks

470.28. yashsingal Dec 31, 2019 21:51

New Member

But i feel in dhampur i missed the train to enter the rally .. not sure if i can enter now.

470.29. Siva mallam Jan 2, 2020 13:49

7% up again !! ok news is out 1800 cr broadband order from Hyderabad ... Since we all doubted your call and missed it

can I add few now ? it has stll some gas left ?

470.30. Gautam Prakash Mulye Jan 3, 2020 09:38

New Member

Sterlite tech continues to Rock..

See short term k a i cant say as may be it can come back 120-122 but long term end of 2020 it will be 200+

469. Symon Dec 31, 2019 15:35

1 |

Downwrite vi abhi kya karna he kuch samaj me nahi aa raha

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469.6. DownriteVJ Jan 1, 2020 14:45

1 |

IPO Guru (1100+ Posts, 1000+ Likes)

Bro, I said another 15-20% (from that level) and not at 160.

469.7. DownriteVJ Jan 1, 2020 14:47

1 |

IPO Guru (1100+ Posts, 1000+ Likes)

@yash - 200 is totally on how company works in this year (we assume that they do good) else forget that

468. Dhavalbhavsarahmedabad Jan 1, 2020 00:09

નવા વર્ષના વધામણાં

467. Satoshi Nakamoto Dec 31, 2019 20:37

2 |

Promoters paid Rs.200 cr in escrow account and there is no pledge on shares

https://economictimes.indiatimes.com/markets/stocks/news/prince-pipes-promoters-repay-rs-200-crore-loan-in-escrow-no-pledge-or-encumbrance-on-shares/articleshow/73048968.cms

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467.6. yashsingal Dec 31, 2019 22:13

2 |

New Member

@Medge because of this news was pre decided many firms gave subscribe to this ipo, but i don't think this has been considered for the listing and may show an upmove tomorrow since it is confirmed around today afternoon. I'm expecting an upmove.

467.7. Johny Dec 31, 2019 23:53

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Top Contributor (300+ Posts, 400+ Likes)

This news may make difference because it was being compared with SWSolar and it was being assumed that ofs money will not be used as it was supposed to be used.

466. yashsingal Dec 31, 2019 09:12

3 |

New Member

Negative opening for prince pipes same as yesterday. Don't know if it will be able to cross its issue price or not..

466.1. bulls eyes Dec 31, 2019 22:32

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it will bounce back surely tomorrow onwards..don't worry..

466.2. yashsingal Dec 31, 2019 22:35

New Member

yeah even i added few shares at 150 level. Hope it bounces and goes up to 200+ levels in near time.

465. Medge Dec 31, 2019 22:07

4 |

IPO Mentor (600+ Posts, 900+ Likes)

Morgan stanley unload prince pipes shares worth rs 10.5 crore.

465.1. yashsingal Dec 31, 2019 22:10

New Member

and on the other side promoters recover their pledged shares by paying 200 crores, positive news along with negative news.

465.2. Medge Dec 31, 2019 22:13

2 |

IPO Mentor (600+ Posts, 900+ Likes)

Source moneycontrol

Morgan Stanley Asia (Singapore) Pte sold more than 6 lakh shares of Prince Pipes and Fittings on December 31, as per bulk deals data available on the National Stock Exchange.

Morgan Stanley Asia (Singapore) Pte offloaded 0.60 percent or 6,57,630 shares of the company at Rs 160.52 per share, which amounted to Rs 10.55 crore.

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