The seventh phase of the company will begin with Telangana financing and IPO.
The Prince Pipe net costs $ 290, of which $ 50 million will be returned from IPO profits and we need $ 75-80 million to secure the net, said Parag Chheda, ED, Prince Pipe. Excerpts from an interview with ENOW.
What differentiates Pipe Prince from the competition?
Pipes and costs are plastic pipe manufacturers, mainly supplying pipes, pipes, walls, pipes, collection, and efficient equipment. The company has six manufacturing plants — two in Silvassa, one in Hardwar which we started in 2008, and in 2012-13, we acquired two manufacturing plants in Chennai and Kolhapur. The sixth phase of construction is in Jaipur. We started a mental business there the last term. The seventh phase of production will begin with Telangana financing and an IPO.
USP is one of the biggest innovations in the world. We also have more than 1,450 retailers worldwide. More than eighty percent of vendors work with us. Ehezve, this company has a huge list and we offer more than 7,200 products on the market. I’m talking about the production process; second, the main distribution show and third the products we offer to the industry.
Is a general IPO underway? How does CAPEX help you? What is your debt? How much will be reduced after this IPO?
The company is trying to capture 500 macro red, of which five hundred are the first and five hundred million. In the first quarter, we intend to pay off debt totaling $ 50 million soon. To answer your question, the company’s total debt maybe $ 290 million, of which $ 50 million will be paid in IPO benefits.
Second, we need a protective cover of around $ 75-80 million.
Third, the company wants to have a producer in Telangana in the southern region because I am sure we understand that commodity prices play a big role in our industry and now all the products I sell are from the Hardwar crop. We plan to have a regional protection zone in the south. The company expects to spend about $ 180 million to build a Telangana company, which will have a security system with an additional expansion to all markets.
How does the company work? Do you expect it to grow the same way?
The company is growing at a rate of 12-13% per year in terms of quality and quantity. The company leads that it should continue to grow at a rate of 12-14% per year. Yes, there are different levels of growth; before the market arrives. Without all the growth, 35% will come from new markets.
Second, only a third of our agricultural land is irrigated and a third of our land still needs irrigation, not only in India but also globally. Only PVC pipes are used for irrigation. Third, urban building, the type of governance we use in improving urban services in the country. So this is a different stage of growth. The company has high expectations of having a minimum and variation in the next few days.
Positive growth is expected in urban activities. I have also seen a nice change from unorganized to organized areas. Parag Chheda
Your score is 12 percent compared to that of your friends ’18 percent. What are you doing to improve the Internet? Again, what is your product mix?
As you rightly said, the percentage of EIT companies is hovering around 13% and in a few days, we expect to be around 13-14% EITITS. In the field of agriculture, we try to promote the first gate. The company has introduced new products that provide an underground infrastructure, where we are seeing positive growth. A percentage of EBITDA or product mix will give different results using the underground canal.
The increase in overall demand is facing your business’s lack of real estate.
Two years ago, the housing market failed to live up to expectations. Thus, its partners are showing strong growth in the pipeline sector and this is a result of the various government actions towards urban buildings.
Positive growth is expected in urban activities. Second, I also noticed that there was a positive shift from informal to formal. In the regulated sector, we are between 60% and 65%. We’ve seen positive changes happen from the unorganized to becoming organized and at the corporate level, the top five have grown significantly.
About 40 percent of your sales come from northern India. With production restrictions in some areas, are you worried about the impact on your growth?
In 2008, we saw the need for production projects in the northern part of the country, which is still productive. As you rightly said, more than 38% of our taxes come from the north for agriculture and public housing, not to mention a hundred smart cities. Prince Pipe is looking forward to continuing to grow in the north. About 37-40% of the tax comes from the northern markets.