Incorporated in 1978, Precision Pipes and Profiles Company Limited (PPAP) is a leading manufacturer of high quality automotive sealing systems and exterior products in India.
PPAP is entering in the capital markets with an initial public offering, IPO of [ ] Equity Shares aggregating Rs 75 Crore, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 140/- at lower level and Rs. 150/- at upper level for equity share of Rs. 10/-. The issue opens on Dec 17, 2007, and closes for subscription on Dec 20, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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