One such company which is willing to come out with an IPO or Initial Public Offering is the Company in the business of ships and docks called Pipavav.
In this article, we will look at the Review, Analysis and fine Details of the Pipavav IPO and try to do the Review and analysis of Pipavav IPO.
Some basic details first about the Pipavav IPO:
What is the issue size of the Pipavav IPO?
The Pipavav issue size is not known as of now.
How is the share distribution done?
Of the total offering on cards with the IPO, there is a reservation of 6 lakh equity shares for its employees.
Out of the net issue on offer, around 60 per cent has been put up for Qualified Institutional Investors (QIP), 10 per cent for non-institutional investors and the remaining 30 per cent for retail investors.
How will the capital raised by Pipavav IPO be used?
The company would use the IPO proceeds for construction of facilities for shipbuilding, ship repair and offshore business. They are building a shipyard in Gujarat at a cost of about Rs 3,000 crore, of which it has already spent Rs 2,086 crore.
What is the price band of the Pipavav IPO
The price band for shares of Pipavav IPO is 55-60 Rs. per share.
What is the trading symbol & exchange for the Pipavav IPO
No info is available about the trading symbol.
What are the IPO dates for Pipavav IPO
The IPO for Pipavav is going to open on 16th September 2009.
What is the business prospect and company profile of Pipavav?
Pipavav is having big plans of expansion. They are thinkig of going beyond the defence and offshore vessel manufacturing to building equipments for thermal and nuclear power plants
Their order book is reported to be worth $930 million USD.
Who are the underwriters of the Pipavav IPO?
No info about that.
What are the analysts recommendations for this IPO?
The recommendations are positive, given the future prospects, expansion plans and healthy order book of the company.
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