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![]() 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 Detail: »» Issue Open: Sep 16, 2009 - Sep 18, 2009
Pipavav Shipyard Limited IPO Grading / RatingCARE 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. Issue Subscription Detail / Current Bidding Status
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| Listing Date: | Friday, October 09, 2009 |
| BSE Scrip Code: | 533107 |
| NSE Symbol: | PIPAVAVYD |
| Listing In: | B Group |
| Sector: | Shipping |
| ISIN: | INE542F01012 |
| Issue Price: | Rs. 58.00 Per Equity Share |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
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Pipavav Shipyard IPO Prospectus
Company Contact Information
Registered Office :
Pipavav Port,
Post Ucchaya, Via Rajula,
Rajula – 365560, Gujarat, India.
Phone: + 91-2794 286200
Fax: +91-2794 286373
Email: company.secretary@pipavavshipyard.com
Website: http://www.pipavavshipyard.com
Pipavav Shipyard IPO Registrar
Karvy Computershare Private Limited » Report
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: pipavav_ipo@karvy.com
Website: http://karisma.karvy.com
Pipavav Shipyard IPO Lead Manager(s)
Pipavav Shipyard IPO Messages (Pipavav Shipyard IPO Comments)
297. mahessh Oct 20, 2009 3:54:05 PM IST |
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not received ecs in obc date 20.10.2009
296. Ravi, Bangalore Oct 16, 2009 6:40:17 PM IST |
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284. gopalkuloor,
I am sorry if you have lost money by applying to this IPO.
You should collect information in fiancial dailies / magazines, web-sites, NSE/BSE websites, moneycontrol.com etc before putting your money.
In this forum, we cannot give comprehensive details. Even if I give before issue opens, many Board members may not believe. It is only my opinion.
However, I have given my personal opinion on price part. Read my post numbers 271, 169 & 161. These posts were put to Board before issue closes.
Everything is reflected in its price. If pricing is bad, don't SUBSCRIBE.
295. rama Oct 12, 2009 10:54:55 AM IST |
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To All,
If somebody says I have made money by shortselling.. dont believe them and try to do the same... they are just telling such things after seeing the price range of day.. Anybody can write I have sold 5000 shares at 58 and coverfed the same at 54 since we know the price range for the day!!!!!!!!!!!!!!!!! such messages to be considred as useless.
294. waah bhai waah Oct 11, 2009 1:09:43 AM IST |
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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..
293. Ghatol Oct 10, 2009 11:33:25 PM IST |
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dear Gopal,
By information I meant both data and promotors' background.
Promotors background was available in the public domain. and the same was discussed in detail on various business channels as well.
292. gopalkuloor Oct 10, 2009 7:58:22 PM IST |
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dear sri Ghatol
Thanks for the response.
I did not mean about the financial analysis which were widely analysed on the issue of IPO of Pipavav.
I did mean about the credibility and the not so good backgound of the promoters. There was a chance that the investors were carried more by the tie up with Punj Lloyd. In the situation where in nothing much was known about the promoter personals the Punj Lloyd link might have carried the day. I thought if the not so good backgound of the promoter team as mentioned later if it were known earlier would have made a different.
Let us hope and wish well for the project and theinvestors
291. Rajesh Oct 10, 2009 7:06:38 PM IST |
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289. PRAKSHIPO
Don't bluff . I know what u r?
290. PRAKSHIPO Oct 10, 2009 4:05:38 PM IST |
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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
289. RAHUL JAIN Oct 10, 2009 2:52:38 PM IST |
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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
rahul jain
288. rama Oct 10, 2009 2:25:44 PM IST |
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Pipavav may goupto 61/ in the next week. When all peoples are pessimistic, it is likely that stock will go up.
Disclosure: I have sold my 110 IPO shares at 59.25 and again purchased 110 at 54.55/
287. R N SHETTY Oct 10, 2009 12:17:49 PM IST |
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Good buy at Rs 25.
Please wait till November when this scrip will be at Rs 26/
Buy 1000 shares.forget for 3 years and reap gains in 2013
286. Ghatol Oct 10, 2009 12:24:42 AM IST |
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dear Gopal,
The information provided by Ravi was always known to the investors and was in the public domain. When the IPO is on people listen to only the information they want to and miss out the information they don't want to listen. I had in my message posted early in the morning mentioned that the investors of Pipavav are lucky as the global cues are positive and the chances of exiting unhurt were good. However people should analyse the data available on the net from sites like chottorgarh, moneycontrol, hdfcsecurities,, nseindia, bseindia etc in the form of analysis , RHP, application form etc and reach to a conclusion based on their risk taking capability.
It is not uncommon to see people expecting huge listing gains prior to the IPO listing and the very next day they curse the promotors for profiteering.
285. gopalkuloor Oct 09, 2009 8:47:25 PM IST |
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to ravi bangalore pl.
i wish you could have given the details given by you today before the issue or when the issue was on. any information ofn the promoters was welcome in right time. so the public can apply with full knowledge both plus and minus side of the issue.
anyhow tks for the inf. regards
284. rajivaa Oct 09, 2009 4:42:34 PM IST |
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sebi must not allow costly ipo
283. Raj Oct 09, 2009 3:45:52 PM IST |
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Day Dreaming by IPO Investors even without looking at valuations is the reason for failure of IPO's.
If you see the IPO's that have come from July to Sept, most of them failed miserably except a few like Oil India and may be Jindal Cotex(rigged by operators due to low floating stock).
I am not sure why Investors applied for Pipavav when they know that it was very expensive?
Also day dreaming for 65 to 70 Rs listing price. Management also knew that 60 was expensive and so decided 58 to give less loss to investors. 2 Rs less saved.
Now IPO at 55, one can buy tons. All those who applied in IPO now buy as many as you want at 5 Rs less than the IPO price you were ready for.
Raj
282. Ravi, Bangalore Oct 09, 2009 3:08:29 PM IST |
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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.
Part of the equity shares held by the promoters, SKIL and Grevek Investments and Finance, and pledged with certain lenders prior to the filing of the red herring prospectus, has been temporarily released so as to comply with the requirement of Sebi, with specific understanding between promoters, company and lenders. These will be re-pledged on 31 October 2009 in favour of lenders unless the promoters have repaid all amounts due and outstanding.
Foreign institutional investors, who will hold 24.96% of the post-issue equity, are not bound by the lock-in period and are free to sell most of their stake post listing. This may affect the share price of the company on listing.
281. Kushkochar Oct 09, 2009 2:50:27 PM IST |
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i think this is my last ipo
once again an ipo below issue price
its a waste applying in ipo
better to buy good stocks
ipo are waste
280. rama Oct 09, 2009 2:19:55 PM IST |
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I think YOU CAN HOLD THIS STOCK FOR LONG TERM.
Disclosure: I have sold my 110 shares at Rs.59.20/
279. Nitin Oct 09, 2009 1:03:16 PM IST |
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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 !!
278. Raj Oct 09, 2009 12:53:19 PM IST |
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another IPO doomed. Investing in IPO is waste. But how many will understand. The story will continue.
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