Precision Pipes & Profiles Co IPO
Precision Pipes & Profiles Co IPO — date, price band, lot size & details 2007
Precision Pipes & Profiles Co listed on 11 Jan 2008 at ₹165, 10% above the ₹150 issue price.
Precision Pipes and Profiles is a Delhi based maker of automobile sealing systems and exterior parts such as weather strips and mouldings, supplied to car makers. Its total income was Rs 109.73 crore in FY2007.
Stock price
Precision Pipes & Profiles Co is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 17 Dec 2007
- Close 20 Dec 2007
- Allotment 02 Jan 2008
- Refund/credit TBA
- Listing 11 Jan 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 17 to 20 Dec, 2007 |
|---|---|
| Price Band | ₹140 – ₹150 |
| Face Value | ₹10 |
| Lot Size | 45 Shares |
| Issue Size | ₹75 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 45 shares at the ₹150 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹6,750 |
| Retail (max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (min) | 149 | 6,705 | ₹10,05,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 74.66 crore in FY2005 to Rs 109.73 crore in FY2007.
- 02Profit after tax rose from Rs 7.61 crore in FY2005 to Rs 13.88 crore in FY2007.
- 03EBITDA rose from Rs 15.98 crore in FY2005 to Rs 27.89 crore in FY2007.
- 04It had 5 plants and supplied car makers directly; return on net worth was 33.42%.
Risks · 5
- 01Its clients were mainly car makers such as Maruti Udyog, and car demand is cyclical; profit was flat at Rs 7.61 crore in FY2005 and Rs 7.99 crore in FY2006.
- 02Profit after tax was Rs 4.94 crore in the June 2007 quarter, on income of Rs 30.63 crore.
- 03Rubber and PVC prices drive its costs; Rs 70.70 crore was planned for plant and machinery.
- 04All 5 of its plants were in the Delhi and Noida area.
- 05Promoter holding fell from 97.5% before the issue to 62.68% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Precision Pipes & Profiles Co offer document.
| Metric | 30 Jun 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 30.63 | 109.73 | 80.45 | 74.66 |
| Profit After Tax | 4.94 | 13.88 | 7.99 | 7.61 |
| EBITDA | 9.31 | 27.89 | 17.65 | 15.98 |
| NET Worth | 46.23 | 41.52 | 33.33 | 30.62 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Precision Pipes & Profiles Co RHP.
Where the money goes
₹105.99 Cr of the issue is earmarked to named objects.
About the company
It makes automobile sealing systems and exterior products such as weather strips, door opening trims, windshield and roof mouldings, quarter window seals and pillar garnishes, and PVC profiles for white goods.
It was an OEM supplier to car makers, including Maruti Udyog, from five plants in New Delhi and Noida with a total capacity of 47,50,000 kg.
The IPO was Rs 75 crore and was entirely a fresh issue at Rs 150, the top of the Rs 140 to Rs 150 band. Most of the money was for plant and machinery and buildings for expansion.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Precision Pipes & Profiles Co IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
Nexgen Capitals Ltd
1 issue handled1 of their issues has listed so far, and 1 opened above the issue price (average +36.1%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Precision Pipes & Profiles Co?
The current Grey Market Premium is ₹0.
What is the Precision Pipes & Profiles Co IPO price band?
₹140 to ₹150, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 January 2008, with listing on 11 January 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
