pipavav shipyard ipo

Pipavav Shipyard IPO is the initial public offering of Pipavav is now going public with an Initial Public Offer (IPO) of about 86,850,000 Equity Shares, each having a Face value of Rs. 10/-.

It has set a price band of RS. 55-60 for its upcoming issue

This issue is coming after a long time from the shipping industry. The earlier ones comes in the initial rush of the IPO’s like ABG shipyard.

Lead managers to the issue are

JM Financial

Citigroup

Enam securities

Registrars to the issue are

Karvy Computer share Ltd.

The most likely date when the issue will open is September 16, 2009.

The total amount to be raised by the company is about 500 crore. They had received the regulatory approvals last year but the conditions worsened in the market so they are setting up the issue right now before the approval expires.

The major stakeholders in the company which is into the business of building ships and repairing ships are

SKIL Infrastructure Ltd

Punj Lloyd Ltd

Sembcorp Marine Ltd

This IPO has been launched because of the fact that markets have improved after the Sensex had tanked to a low of 8000. It is now at 16000 and that will mean good things for the companies that are waiting in the wings for the initial public offerings.

Power companies IPO’s have been there and they have made sure that the market is alive and kicking even though the listing has not been good.

NHPC IPO was not that good and even Adani Power listing was not very great.

The key point is that the company has to leave some money on the table so that the investors feel good about the company and can make some good money when you have the listing. This is being keenly watched with the oil India listing price.

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