The Rs 495.61 crore Pipavav Shipyard IPO is a book-built offering. The Pipavav Shipyard initial public offering (IPO) auction was held from September 16, 2009, to September 18, 2009. On October 9, 2009, the shares were listed on the BSE and NSE. The pricing range for the Pipavav Shipyard IPO is ₹55 to ₹60 per share. 110 shares is the minimum lot size required for an application. Retail investors are required to invest a minimum of ₹6,600.
Located on the west coast of India, close to important sea lanes connecting Asia and the Persian Gulf, Pipavav Shipyard Limited was founded in 1997 and is now building the Pipavav Shipyard. When construction is finished, the Pipavav Shipyard will be able to build and repair a variety of ships of various sizes and types, in addition to fabricating and building products for oil and gas companies like offshore platforms, rigs, jackets and vessels (but not subsea pipelines). The Pipavav Shipyard Complex is situated on Gujarat’s south-western coast, roughly 130 km east of
Bhavnagar and 90 km west of Diu. The A.P. Moller Group (Maersk) of Denmark, one of the biggest maritime organizations in the world, controls and operates Pipavav Port, the first private sector port in India. Punj Lloyd has joined SKIL and Grevek Investments, who previously promoted the Pipavav Shipyard, as a promoter after purchasing 129,361,538 equity shares from their company.
The construction of the Pipavav Shipyard includes:
- Conversion of one existing wet basin into one 651 meters long and 65 meters wide, capable of accommodating ships of up to 400,000 DWT and/or multiple combinations of smaller vessels;
- The construction of a fabrication and block assembly facility for shipyard operations;
- The establishment of dryland facilities comprising a fabrication area for our Offshore Business Products; and
- The installation of a shiplift facility, including multiple land berths, for building and repairing small to medium-sized ships, including naval vessels
Pipavav Shipyard IPO Details
| IPO Date | September 16, 2009 to September 18, 2009 |
| Listing Date | October 9, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹60 per share |
| Lot Size | 110 Shares |
| Total Issue Size | 85,450,225 shares (aggregating up to ₹495.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Pipavav Shipyard IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹6,600 |
| Retail (Max) | 30 | 3300 | ₹198,000 |
Pipavav Shipyard IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 35,637,185 (50.78%) | NA |
| NII (HNI) Shares Offered | 8,485,022 (12.09%) | |
| Retail Shares Offered | 25,455,068 (36.27%) | 231,409 |
| Employee Shares Offered | 600,000 (0.85%) | NA |
| Total Shares Offered | 70,177,275 (100%) |
Objects of the Issue (Pipavav Shipyard IPO Objectives)
The objects of the issue are to achieve the benefits of listing on the stock exchanges and to raise capital.
- Construction of facilities for shipbuilding, ship repair and the Offshore Business;
- Margin for working capital and
- For general corporate purposes.
Pipavav Shipyard IPO Listing Details
| Listing Date | October 9, 2009 |
| BSE Script Code | 533107 |
| NSE Symbol | RNAVAL |
| ISIN | INE542F01012 |
| Final Issue Price | ₹58 per share |
Pipavav Shipyard Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹58.00 | ₹58.00 |
| Open | ₹60.05 | ₹61.10 |
| Low | ₹53.85 | ₹53.85 |
| High | ₹64.70 | ₹61.10 |
| Last Trade | ₹56.80 | ₹56.70 |
Pipavav Shipyard Limited Contact Details
Pipavav Shipyard Limited
Pipavav Port,
Post Ucchaya, Via Rajula,
Rajula, 365560, Gujarat, India
Phone: + 91-2794-286200
Email: [email protected]
Website: http://www.pipavavshipyard.com
Pipavav Shipyard IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Pipavav Shipyard IPO FAQs:
Q1. What is the Pipavav Shipyard IPO?
Ans. Pipavav Shipyard IPO is a main-board IPO of 85,450,225 equity shares with a face value of ₹10, aggregating up to ₹495.61 crore. The issue is priced at ₹55 to ₹60 per share. The minimum order quantity is 110 shares. The IPO opens on September 16, 2009, and closes on September 18, 2009. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on the BSE and NSE.
Q2. When Pipavav Shipyard IPO open?
Ans. The Pipavav Shipyard IPO opens on September 16, 2009 and closes on September 18, 2009.
Q3. What is the lot size of Pipavav Shipyard IPO?
Ans. Pipavav Shipyard IPO lot size is 110 Shares, and the minimum amount required is ₹6,600.
Q4. When is Pipavav Shipyard IPO allotment?
Ans. The finalization of Basis of Allotment for Pipavav Shipyard IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is Pipavav Shipyard IPO listing date?
Ans. The Pipavav Shipyard IPO listing date is on October 9, 2009.
