Prince Pipes and Fittings Ltd IPO
Mumbai based Prince Pipes and Fittings Limited was incorporated in 1987. The company manufactures polymer pipes and fittings. It produces polymer pipes of four types including UPVC, CPVC, HDPE, PPR and polymer fitting of three types including UPVC, CPVC and PPR. The company operates in the polymer pipe segment with two brand names - Trubore and Prince Piping Systems. Its corporate office is located in Mumbai and the company has a strong presence in North, West and South India.
Prince Pipes offer end to end solutions across a pretty wide product range (7,480 SKUs as on 30th June 2018). The company has manufacturing units located at Athal (Dadra and Nagar Haveli), Haridwar (Uttarakhand), Chennai (Tamil Nadu) and Kolhapur (Maharashtra). Apart from this, it also has two contract manufacturing units located at Aurangabad (Maharashtra) and Hajipur (Bihar).
The company also plans to open two new manufacturing units at Sangareddy (Telangana) and Jobner (Rajasthan). For product storage, Prince Pipes and Fittings Ltd. has 10 warehouses. Under the brand name of Prince Piping Systems, it sells products to 843 distributors, which are then further sold to wholesalers, plumbers and retailers. Products under the brand name Trubore are directly sold to 212 retailers and wholesalers.
Competitive Strengths:
- Strong brand presence in pipes and fittings segment
- Diverse product portfolio
- Multi-location manufacturing units in India
- Strong presence in North, West and South India
- A PAN-India network of distributors
- Technical collaboration with international players to maintain quality of products
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