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Pipavav Shipyard IPO is a book built issue of Rs 495.61 crores.
Pipavav Shipyard IPO bidding started from September 16, 2009 and ended on September 18, 2009. The shares got listed on BSE, NSE on October 9, 2009.
Pipavav Shipyard IPO price band is set at ₹55 to ₹60 per share. The minimum lot size for an application is 110 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Citigroup Global Markets India Private Limited, Axis Capital Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the book running lead managers of the Pipavav Shipyard IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Pipavav Shipyard IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 580,348,163 |
| Share holding post issue | 665,798,388 |
Pipavav Shipyard IPO offers 70,177,275 shares. 35,637,185 (50.78%) to QIB, 8,485,022 (12.09%) to NII, 25,455,068 (36.27%) to RII, 600,000 (0.85%) to employees. 231,409 RIIs will receive minimum 110 shares and (sNII) and (bNII) will receive minimum 3,410 shares. (in case of oversubscription)
| 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%) |
Investors can bid for a minimum of 110 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹6,600 |
| Retail (Max) | 30 | 3300 | ₹198,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 22.94% |
| Share Holding Post Issue | 20% |
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.
| KPI | Values |
|---|---|
| RoNW | 0.39% |
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.
The Pipavav Shipyard IPO is subscribed 8.25 times on September 18, 2009 5:00:00 PM. The public issue subscribed 2.90 times in the retail category, 10.63 times in the QIB category, and 14.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 10.63 |
| NII | 14.82 |
| Retail | 2.90 |
| Employee | 0.78 |
| Total | 8.25 |
CARE 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.
| Listing Date | October 9, 2009 |
| BSE Script Code | 533107 |
| NSE Symbol | RNAVAL |
| ISIN | INE542F01012 |
| Final Issue Price | ₹58 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹58.00 |
| ₹60.05 |
| ₹53.85 |
| ₹64.70 |
| ₹56.80 |
| NSE |
|---|
| ₹58.00 |
| ₹61.10 |
| ₹53.85 |
| ₹61.10 |
| ₹56.70 |
Pipavav Shipyard Limited
Pipavav Port,
Post Ucchaya, Via Rajula,
Rajula – 365560, Gujarat, India.
Phone: + 91-2794 286200
Email: company.secretary@pipavavshipyard.com
Website: http://www.pipavavshipyard.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pipavav_ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
Pipavav Shipyard IPO is a main-board IPO of 85,450,225 equity shares of the face value of ₹10 aggregating up to ₹495.61 Crores. 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 BSE, NSE.
The Pipavav Shipyard IPO opens on September 16, 2009 and closes on September 18, 2009.
Pipavav Shipyard IPO lot size is 110 Shares, and the minimum amount required is ₹6,600.
You can apply in Pipavav Shipyard IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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 [.]. Check the Pipavav Shipyard IPO allotment status.
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