Pipavav Shipyard Prize band may be around 95-105 Rs. (Company may reduce the prize bank due to failure of previous famous IPOs like NHPC, Adani Power)
All investors must subscribe to this IPO because:
1. this company belong to world's largest Shipping Company "Maersk Shipping Line". You can ask to anybody who is involve in export.
2. Punj Lloyd is one of the promoter of this company and has more than 22% stake in this company.
3. Ragistrar of this issue is Karvy Computershare, one of the best IPO registrar in India. Quality: Transparency, Fast IPO refund, nice informative website for your IPO application tracking and many more.
Now it is high time for GOVT.to think about the formation of body like CCI to control the IPO Premium prices,otherwise Indian investors will loose their confidance.
Pipavav Shipyard, the largest dockyard in India, will be hitting the Indian markets on September 16 to raise around Rs 550 crore by diluting nearly 12% equity. Sources inform CNBC-TV18 that the issue would be priced between Rs 60-70 per share.
Pipavav Shipyard's initial public offering (IPO) will open for subscription on September 16 or 17, 2009, reports CNBC-TV18 quoting DowJoneswire. The company may raise Rs 400-500 crore via IPO. Punj Lloyd currently holds 22.3% stake in the company.
As per the DRHP (draft red herring prospectus) filed with the SEBI, the company is coming out with a public issue of 86,850,000 equity shares of Rs 10 each. About 2,600,000 equity shares of Rs 10 each will be reserved in the issue for subscription by employees
The price band expected to be Rs 500 crores/ 86850000= Rs. 50 to Rs 60 ( Approximately)
Manish..I have applied thru ASBA(thru my Axis bank a/c and Reliance money Dmat a/c) for 4 lots and got 190 shares allotted. In ASBA, money will not be transferred from our account but gets blocked. Once allotment is done, your money gets released. So,6840 was deducted for 190 shares and I got my rest of money on 26 August.
May I know from any one of Karvy broking Ltd. client , why they are deducting regularly Rs 10/-, e.g. "Transaction Charges Payable to dp from Jul 01 2009 to Aug 15 2009" from their treading account since April 2009 for different months.
This account was not for online treading. Only off line treading was possible.