Pipavav Shipyard Limited IPO Message Board (Page 8)

PLEASE DONT APPLY PIPAVAV SHIPYARD IPO."KAL ISNE PER APPLICATION PE PAISA DE KAR SUBSCRIBE KIYA.AAJ DEKHO ASLIYAT SAMAJ JAOGE." THIS IPO IS VERY VERY AGRESSIVELY PRICED.

Dont apply to this issue

no doubt this is a good share but the price level is on higher side other wise busines model is concern they have best place ,infrastructure,location. as long term recom from my side this is yes but as on now there will be no listin gains so wait for listing buy at that time or in 4th qur of fy10 at that time the company will stat operational in full swing having good growth story gains will be good

friends,

It is very difficult to say that howmuch the ipo will list, but if we see the current market scenario it seems that at the time of listing the market will gain the ground and if the ipo over subscribes it may be possible it will get high listing gains.

Pipavav Shipyard Limited is good issue market premium rs3-4 form RS 1200-1400 ASPER MARKET NEWS

shall i apply for listing gains ... pl advice how much i can make on first day

Dear Investors ,
I stand corrected and apologise for my loose comments earlier in the day.
Please read my Comments as IPO will list at a normal premium nd

this company will show tremendous growth as well as returns.

Apply with full application.

PIPAVAV
Date 16/09

Final figure
Q I B : 2.8264 TIMES
H N I : 7.5347 TIMES
RETAIL : 0.8828 TIMES
EMPLOYEE : 0.0352 TIMES

retail of pipavav sub. 0.75 times till 5.p.m

i m sure of 100% listing gain on this ipo.dont worry.please subscribe to it.

jis issue ko sp tulsiyan recommend kar dey use bhul kar bhi mat lena, manaksia ki halat dekhlo,

All,

DO NOT waste your money by getting into this by seeing retail portion. Issue size is very small, so it can be subscribed easily. NHPC issue size was 6000 crores where as Pipavav issue size is around 500 crores which is nearly 15 times less.

So Retail part subscribing 0.08 times to NHPC on first day is same as subscribing 1 time here and also the IPO is for just 3 days only which is the reason we are seeing Retail people bidding.

If you see historically, Best IPO's were those where FII subscribed heavily and Retail was just average ie 3 to 4 times max. Here the Retail got more shares and also more money because of FII buying in secondary market.

Now the scenario changed. NHPC FII subscribed 39 times but still it is quoting below issue price which means even FII want to flip the issue on day 1.

In case of PIPAVAV all things are bad.

1. IPO price is aggressive. Very few listing gains expected.

2. Retail might be heavily subscribed because of small issue size.

Now even if you subscribe you will get your money blocked and also very little allotment and hence very listing gains expected even if it lists at premium which is very doubtful.

DO NOT give a second thought. JUST Forget this IPO. Waste of time and money.


IPO Analyst

yeh kya ho raha hey 1 baje tak retail subscription pura tha aur ab do baje kam ho gaya , bse 1.71 crore shares bata raha tha , yeh kya farjiwada ho raha hey kya bse mey farjiwada kiya gaya hey

THE SUBSCRIPTION FIGURES OF THIS IPO IS GIVING A MANIPULATIVE PICTURE. TILL 1 PM THE RETAIL PORTION IS OVER-SUBSCRIBED (AS PER DATA ON NSE). I THINK FOR THE FIRST TIME EVER IN 5-6 YEARS I AM SEEING RETAIL PORTION SUBSCRIBING SO HEAVILY IN THE FIRST 3 HOURS. EVEN FOR VERY GOOD IPOs THE RETAIL PORTION IS NOT FULLY SUBSCRIBED IN THE 1ST DAY.

SO BE WARE OF THIS IPO.

RETAIL PORTION FULLY SUBSCRIBED ON DAY 1? IS IT WORTH TO APPLY FOR LISTING GAINS?

Long-term investors with 2 - 3 years perspective can SUBSCRIBE for a target of Rs.60.

Long-term investors can set-off their income-tax liabilities.

see this is called setting. on very first day of opening of pipavav ipo,within two hours has been subscried by 0.72 times in retail category.if anyone will check last few ipo this thing have never happen...jay ho setting ki...

BEWARE OF INVESTING IN PIPAVAV IPO

iT HAS ISSUES 16% SHARE TO F11 AT PRICE OF ONLY 25 RS
SOP DONT BE FOLL IN APPLYING THIS IPO AS THEY DO NOT HAVE LOCK IN PERIOD AND ARE FREE TO SELL IN THIS OPEN MARKET.
ALSO LEAD MANAGER IS SAME OLD GREEDY INVESTMENT BANKER ENAM OF NHPC AND ADANI. REMEMBER NHPC IS SUCH A GOOD COMPANY EVEN THEN IT LISTED AT LESS PRICE .
EVEN PRICE OF 25 WAS EXPENSIVE FOR THIS COMPANY. SO USE UR BRAINS BEFORE APPLYING IN THIS ONE


Pipavav has raised funds from more than a dozen investors including banks, financial institutions and PE funds.

The private equity investors of Pipavav Shipyard are not selling any of their holdings in the forthcoming initial public offering of the company, according to the red herring prospectus. The private ship builder has raised funds from more than a dozen investors including banks, financial institutions and private equity funds.

Pipavav, a firm promoted by Punj Lloyd and SKIL Infrastructure, has set its price band at Rs 55-60 and plans to hit the market between September 16-18. The public offering aims to raise Rs 510 crore at the upper end of the price band.

Pipavav is located on the south western coast of Gujarat and claims that it will be the biggest shipyard upon completion in India. The shipyard is spread over an area of 198.92 hectares, which also comprises of a special economic zone (SEZ).

The IPO will offer liquidity for investors of the company, which could not hit capital markets first time around when it had filed for listing in January 2008 as the markets had crashed then. Major private equity investors in Pipavav are Trinity Capital, 2i Capital, SCB Asian Infrastructure Fund, New York Life Investment Management India Fund II (NYLIM), Citadel, among others. While Trinity, NYLIM and 2i Capital have picked up the shares at Rs 25 each, the other two investors paid Rs 45 per share.

Others like Blackstone, Merrill Lynch, Galleon, Manz Retail (a Future Group entity), Deutsche Bank also hold small - below 1% - stakes in the firm. These investors have picked up the stake for Rs 80 per share.

Other shareholders in the firm include financial institutions like Infrastructure Leasing & Finance Services (IL&FS), Export Import Bank of India (EXIM Bank), UTI Mutual Fund and Industrial & Development Bank of India (IDBI).

Citigroup Global Markets India, Enam Financial Consultants and JM Financial Consultants are the book running lead managers for the issue.

Pipavav is being valued at 1.1X EV/Order book even at the lower end of the price band. This is as compared to 0.2X for Indian shipyards and 0.3-0.5X for global shipyards, said investment bank Noble Group in its research note. Given the uncertain order book, the valuation seem to be a little aggressive.

Pipavav has said that it has an order book of $920 million, which includes 12 offshore supply vessels from ONGC and an order for 22 dry bulk carriers from three European shipping companies. The order with the European customers is being renegotiated given the downturn,
though the impact on order book is not known.

investor will stay away from papavav ipo because of very poor listing of adani power & nhpc and poor responce of retailers in oil ipo. investors are preffering to save their money rather then making loss probably more in ipo listings.....so........think hundred times then subscribe in any ipo..............thanks