Precision Pipes IPO Subscription figures at the end of day 1 look very unimpressive. Not a single bid has been received from the institutional investors till now. With three other quality IPO’s being open for subscription at the moment, Precision Pipes and Profiles IPO is likely to find the going tough to generate subscription interest from investors. Investors intending to invest in the Precision Pipes IPO are advised to wait till the final day of subscription and apply only if the IPO gets oversubscribed by atleast 3 times by then.