Thursday, September 10, 2009

Pipavav Shipyard Ltd IPO opening on Sep 16 to Sep 18

Incorporated in 1997, Pipavav Shipyard Limited is currently constructing the Pipavav Shipyard, located on the west coast of India adjacent to major sea lanes between the Persian Gulf and Asia. Upon completion of construction, the Pipavav Shipyard will be capable of ship construction and repairs for a range of vessels of different sizes and types, as well as the fabrication and construction of products such as offshore platforms, rigs, jackets and vessels (but excluding subsea pipelines) for oil and gas companies.

The price band for the issue has been fixed at Rs 55/- at lower level and Rs 60/- at upper level for equity share of Rs 10/-. Pipavav Shipyard Ltd is entering in the capital markets with an initial public offering, IPO of 854,50,225 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The issue opens on September 16, 2009, and closes for subscription on September 18, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Pipavav Shipyard Limited IPO Information, Pipavav Shipyard IPO Allotment Status, Pipavav Shipyard Ltd IPO reviews and Listing Date. Click on the below link to to find more detail aboutPipavav Shipyard Limited IPO: