Date 11th September 2009

Pipavav Shipyard IPO Review and Analysis

About the IPO:

Pipavav Shipyard is coming out in the primary market with 8.54 crore shares of Rs.10 each in the price band of Rs.55 to Rs.60. The IPO closes on September 18, 2009.

At the upper end of its price band, the company aims to generate over Rs.512 crore.

The issue is on a 100 per cent book building process. It plans to use the proceeds for the construction of shipbuilding facilities, repair and offshore business and for general corporate purposes.

Pipavav Shipyard Ltd

Company:	Pipavav Shipyard Ltd
Sector:	Ship building
IPO Dates:	Opens on September 16 – Closes on September 18
Price Band:	Rs.55-60 per share
IPO Size:	Rs. 552 Crores
Minimum Qty:	110 Equity shares and in Multiples of 110 Equity Shares thereafter.
Proposed Listing:	NSE and BSE

What is Pipavav Shipyard :

Pipavav Shipyard Limited (PSL) is a testimony to the vision and active participation of the private sector in India 's quest to become a major player in the global maritime industry. PSL is currently completing the setting up of an integrated shipbuilding facility which, upon completion, will be the largest in India and among the largest in Asia . SL is spread over an aggregate area of 198.92 hectares (approximately 491.53 acres), comprising an SEZ unit spread over 95 hectares (approximately 234.75 acres) and an EOU spread over 103.92 hectares (approximately 256.79 acres). The two sites are connected by a dedicated corridor road of approximately 4.5 km length built by the Company

Commercial operations at PSL commenced on 1st April 2009

The 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. Møller Group (Maersk) of Denmark , one of the largest maritime groups in the world.

Looking at the response of the recent IPO we suggest you to invest in this IPO.

Members:

Members are requested to click here to place order via email for applying under power of attorney assigned to us.

Non members

Non-Members, please send your consent as soon as possible for application. So if time permits we can send you the application form for further process.

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PMS Department