Prince Pipes & Fittings has debuted at Rs 160.00 on the BSE, down by 18 points or 10.11% from its issue price of Rs 178.
The scrip is currently trading at Rs 171.30, down by 6.70 points or 3.76% from its issue price. It has touched a high and low of Rs 177.95 and Rs 152.60 respectively. So far 14.01 lakh shares were traded on the counter.
The offering, which was open for subscription between December 18, 2019 and December 20, 2019, was subscribed only 2.21 times. The issue price was fixed at Rs 178 per share i.e. at upper end of price band of Rs 177- 178 apiece.
Prince Pipes & Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors.
