Pipavav Shipyard IPO – revises IPO price

by khalid on 24/09/2009 · 2 comments

Pipavav-Shipyard1

Pipavav Shipyard announced that it has fixed its IPO price at Rs 58. This is Rs 2 less than the upper band which was Rs 60.

The price band for the Pipavav Shipyard’s 8.5 crore shares issue was fixed earlier at Rs 55-60. Pipavav’s IPO, which closed on 18th Sep 09, was oversubscribed by about 8 times.

Pipavav Shipyard is the latest firm to take advantage of the recent rally in the stock market, the company promoted by domestic engineering major Punj Lloyd, SKIL and Grevek Investments,

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{ 2 comments… read them below or add one }

b n srinivas September 24, 2009

The most difficult part in indian bussiness industry is building infrastructure . once it is built it moves on its own depending on the market pressure and demand

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khalid September 24, 2009

exactly srinivas, infrastructure is the key for development of any nation, we are moving towards it but with a slow speed.

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