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.
Pipavav shipyard complex is located on the South Western coast of Gujarat, about 130 kms from Bhavnagar to its east and Diu, about 90 kms to its west. It is adjacent to Pipavav Port, the first private sector port in India, which is controlled and operated by the A.P. Moller Group (Maersk) of Denmark,one of the largest maritime groups in the world. The Pipavav Shipyard was originally promoted by SKIL and Grevek Investments, who have been joined by Punj Lloyd as a Promoter through its acquisition of 129,361,538 Equity Shares of their Company.
The construction of the Pipavav Shipyard includes:
1. Conversion of one existing wet basin into a 651 meters long and 65 meters wide, capable of accommodating ships of up to 400,000 DWT and/or multiple combinations of smaller vessels; 2. The construction of a fabrication and block assembly facility for shipyard operations; 3. The establishment of dryland facilities comprising a fabrication area for our Offshore Business Products; and 4. The installation of a shiplift facility, including multiple land berths, for building and repairing small to medium sized ships, including naval vessels.
Objects of the Issue:The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital: 1. Construction of facilities for shipbuilding, ship repair and the Offshore Business; 2. Margin for working capital; and 3. For general corporate purposes.
»» Issue Open: Sep 16, 2009 - Sep 18, 2009
Pipavav Shipyard Limited IPO Grading / Rating
CARE has assigned an IPO Grade 3 to Pipavav Shipyard Limited IPO. This means as per CARE, company has average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download CARE rating document.
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Pipavav Shipyard IPO Messages (Pipavav Shipyard IPO Comments)
not received ecs in obc date 20.10.2009
Waah bhai waaah ..prakash ne to bhai paisa banaya..waah bhai wah.bhAI LOG yeh promoter, merchant bankers, grey market aur new channels ka bada jhol chal raha hai.. jo ke issue ko chad chad ke promote karte hai . special interviews organise karte hain "special appointments" ...if u understand what i mean ... this is the way i guess money changes hands.. bhai log saavdhan rehna..
dear sri Ghatol
Earn a lot in pipavav ... First I sold 603*5 = 3015 shares at 59.80 Further short sale 3000 shares at 59.90... Cover 6015 shares at 53.90 and sold again 3015 shares at 58.00..So my effective selling of 3015 shares at 69.85 Rs. per share
Please find that refund amount is not credited in the bank from RBI bank name OBC and BOB from ahmedabad. pls do urgently and fast for the delay in the payment of refund
Pipavav may goupto 61/ in the next week. When all peoples are pessimistic, it is likely that stock will go up.
Good buy at Rs 25.
to ravi bangalore pl.
sebi must not allow costly ipo
Day Dreaming by IPO Investors even without looking at valuations is the reason for failure of IPO's.
Poor corporate governance track record of promoters and directors is a concern. Trading in Horizon Infrastructure, in which promoters and directors Nikhil Gandhi, Bhavesh Gandhi are also directors, has been suspended by the NSE due to non-compliance with the technical and procedural requirements of the listing agreement with the NSE. Following satisfactory redressal, the NSE ended the suspension. Trading was allowed from 25 January 2008. However, Sebi is currently conducting a preliminary investigation into the price movement and transaction post lifting of suspension. Moreover, there are criminal and legal proceedings against certain directors, promoters and promoter group entities.
i think this is my last ipo
I think YOU CAN HOLD THIS STOCK FOR LONG TERM.
Guys, These days its better to hold off your investments in IPO's everyone is looking for one Hit and get their losses back in just a minute...thats not gonna happen...instead of putting your hard earned money into new companies better invest in Blue chip companies and sleep for a long time. when you open your eyes you are gonna see profits....Try That !!
another IPO doomed. Investing in IPO is waste. But how many will understand. The story will continue.
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