Prince Pipes & Fittings IPO GMP History
Prince Pipes & Fittings IPO has been listed on December 30, 2019 at a listing price of ₹160, against the issue price of ₹178 — a loss of ₹18 (-10.11%). The GMP peaked at ₹42.5 on 15 December 2019 and reached a low of ₹1.5 on 25 December 2019. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Prince Pipes & Fittings IPO raised ₹500 Cr. through its IPO at a price band of ₹177 to ₹178 per share, with a lot size of 84 shares. The IPO was open for subscription from 18 Dec 2019 to 20 Dec 2019.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 25 Dec 2019 | ₹ 1.5 | — | 1% | — | — |
| 24 Dec 2019 | ₹ 1.5 | ▼ | 1% | — | — |
| 23 Dec 2019 | ₹ 4.5 | ▼ | 3% | — | — |
| 22 Dec 2019 | ₹ 9 | — | 5% | — | — |
| 21 Dec 2019 | ₹ 9 | — | 5% | — | — |
| 20 Dec 2019 | ₹ 9 | — | 5% | — | — |
| 19 Dec 2019 | ₹ 9 | ▼ | 5% | — | — |
| 18 Dec 2019 | ₹ 12.5 | — | 7% | — | — |
| 17 Dec 2019 | ₹ 12.5 | ▼ | 7% | — | — |
| 16 Dec 2019 | ₹ 22.5 | ▼ | 13% | — | — |
| 15 Dec 2019 | ₹ 42.5 | — | 24% | — | — |
| 14 Dec 2019 | ₹ 42.5 | — | 24% | — | — |
| 13 Dec 2019 | ₹ 42.5 | — | 24% | — | — |
Prince Pipes & Fittings IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 18 Dec 2019
- Close 20 Dec 2019
- Allotment 26 Dec 2019
- Refund/credit 27 Dec 2019
- Listing 30 Dec 2019
Prince Pipes & Fittings IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹178 |
|---|---|
| GMP-based estimate (pre-listing) | ₹179 (+0.6%) |
| Listing gain / loss | −₹18 per share |
| Listing date | 30 Dec, 2019 |
| Actual listing price | ₹160 (-10.11%) |
Is Prince Pipes & Fittings IPO GMP reliable?
Grey market premium for Prince Pipes & Fittings IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Prince Pipes & Fittings IPO full review for a fundamentals-based assessment before making any grey market trades.
Prince Pipes & Fittings IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Prince Pipes & Fittings IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Prince Pipes & Fittings IPO
Prince Pipes and Fittings Limited was incorporated on 13 November 1987 at Mumbai. Its promoters are Jayant Shamji Chheda, Tarla Jayant Chheda, Parag Jayant Chheda, Vipul Jayant Chheda and Heena Parag Chheda.
It makes polymer pipes and fittings under the Prince and Trubore brands, with a range of 7,167 SKUs as at 31 October 2019.
It has six plants at Athal and Dadra (Dadra and Nagar Haveli), Haridwar, Chennai, Kolhapur and Jobner (Rajasthan), and planned a new plant in Telangana. It bought the Kolhapur and Chennai plants from Chemplast in 2012.
The IPO was Rs 500 crore, with Rs 250.00 crore of fresh issue and Rs 250.00 crore of offer for sale, at Rs 178, the top of the Rs 177 to Rs 178 band. The fresh money was mainly for the new plant and upgrading equipment.
Frequently asked
What is the GMP of Prince Pipes & Fittings IPO?
The current Grey Market Premium (GMP) of Prince Pipes & Fittings IPO is ₹ 1.5.
What is the Kostak Price of Prince Pipes & Fittings IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Prince Pipes & Fittings IPO is not available.
What is the Subject to Sauda Price of Prince Pipes & Fittings IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Prince Pipes & Fittings IPO?
Prince Pipes & Fittings IPO listed on December 30, 2019 at ₹160, against the issue price of ₹178 — a loss of -10.11%.
How did the GMP of Prince Pipes & Fittings IPO trend before listing?
The GMP of Prince Pipes & Fittings IPO was stable in its final days before listing. The GMP peaked at ₹42.5 on 15 December 2019. View the day-wise table above for the complete GMP history.
Explore Prince Pipes & Fittings IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
