Precision Pipes and Profiles Company Ltd

Incorporated in 1978, Precision Pipes and Profiles Company Ltd (PPAP) is a leading manufacturer of high quality automotive sealing systems and exterior products in India.

PPAP has four state of the art manufacturing facilities, which are located in New Delhi and Noida. All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified. Product range includes weather strips, trim door opening, windshield molding, roof molding, quarter window seal, A-pillar garnish, B-pillar garnish, skirt air damper, body side molding etc. Additionally, PPAP manufacture PVC based customized profiles for white goods and other industries.

PPAP's client list includes Maruti Udyog Ltd, Honda SIEL, General Motors and Toyota Kirloskar.They have a technical collaboration with Tokai Kogyo Co. Ltd (TKCL), Japan, to manufacture automobile products. In the white goods industry, PPAP supply customized profiles to Godrej, Voltas, Videocon and Carrier Refrigerators.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To enhance In-house Tool Manufacturing and Designing Capability at our existing plant, B-206 A, Noida;
2. To increase our Production Capacity at our existing plant, B-206 A, Noida;
3. To set up a new plant for manufacturing of Auto Components at Surajpur, Greater Noida;
4. To set up a new plant for “Electrical Outlet System” products (PDC) at Badarpur, Delhi;
5. General Corporate Purpose;
6. To meet the expenses of the public issue;
7. To list the shares offered through this issue on BSE and NSE;
8. To meet the long term working capital requirements of the Company.

Precision Pipes and Profiles Company Ltd IPO Information

»» Public Issue Open : December 17, 2007 to December 20, 2007
»» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: [ ] Equity Shares aggregating Rs 75 Crore
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs. 140/- to Rs. 150/- Per Equity Share
»» Market Lot: 45 shares
»» Minimum Order Quantity: 45 shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE
»» Lead Manager:UTI Securities Ltd, NEXGEN Capitals Ltd
»» Registrar : Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email: ppap.ipo@intimespectrum.com)

IPO Listing Date: Wednesday, January 11, 2008.