Precision Pipes and Profiles Company Limited - IPO

Precision Pipes and Profiles Company Limited (PPAP)
Period	17 to 20 Dec 2007
Size (Amt)	Rs. 7500 lacs
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 140 to 150
Market Lot	45 Shares
Max shares Retails investor can apply at cut off	630 shares (Rs.94500)
Registrar	Intime Spectrum Registry Ltd
Registrar's email
Lead Manager	UTI Securities Limited and NEXGEN Capitals Limited
Listing	BSE, NSE
Grading	CRISIL Limited - IPO Grade 4/5 indicating 'above average fundamentals'
About the company
PPAP was originally incorporated in 1978 as a partnership firm with the intention of carrying out business of manufacturing of profiles and plastic goods and other products. The firm was converted into a public limited company in 1995. PPAP is engaged in the business of manufacturing automobile sealing systems and exterior products. Their product range includes weather strips, trim door opening, windshield molding, roof molding, quarter window seal, A-pillar garnish, Bpillar garnish, skirt air damper, body side molding etc. Additionally, they manufacture PVC based customized profiles for white goods and other industries. Their five manufacturing facilities are located in New Delhi and Noida, Uttar Pradesh. PPAP is OEM suppliers to the automobile industry and the client list includes Maruti Udyog Limited, Honda SIEL, General Motors and Toyota Kirloskar. PPAP is having a technical collaboration with Tokai Kogyo Co. Ltd (TKCL), Japan, to manufacture the automobile products. PPAP has been consistent performer for their partners and have won many awards.
Objects of the Issue
To enhance In-house Tool Manufacturing and Designing Capability and increase production capacity at the existing plant, B-206 A, Noida; To set up a new plant for manufacturing of Auto Components at Surajpur, Greater Noida; To set up a new plant for "Electrical Outlet System" products for PDC at Badarpur, Delhi; General Corporate Purpose; To meet the expenses of the public issue and To list the shares offered through this issue on BSE and NSE