Pipavav Shipyard IPO – revises IPO price

by khalid on 24/09/2009 · 2 comments


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


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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