The initial public offer (IPO) of the private sector ship builder, Pipavav Shipyard, will hit the capital market tomorrow.
Pipavav Shipyard expects to raise as much as 513 crore through its public offer. The company, promoted by domestic engineering major Punj Lloyd, SKIL and Grevek Investments, is the latest firm to take advantage of the recent rally in stock markets.
Pipavav is hitting the primary market with an issue size of 8.55 crore shares in the price band of Rs 55-60. The offer closes on September 18.
The ship builder has reserved about 1.53 crore shares for anchor investors. Pipavav is the second firm after Adani Power, which is coming out in the market with anchor investors.
JM Financial Consultants, Citigroup Global Markets India, Enam Securities and SBI Capital Markets are lead book runner of the issue, whereas Karvy Computershare is the registrar of the offer.
Pipavav Shipyard expects to raise as much as 513 crore through its public offer. The company, promoted by domestic engineering major Punj Lloyd, SKIL and Grevek Investments, is the latest firm to take advantage of the recent rally in stock markets.
Pipavav is hitting the primary market with an issue size of 8.55 crore shares in the price band of Rs 55-60. The offer closes on September 18.
The ship builder has reserved about 1.53 crore shares for anchor investors. Pipavav is the second firm after Adani Power, which is coming out in the market with anchor investors.
JM Financial Consultants, Citigroup Global Markets India, Enam Securities and SBI Capital Markets are lead book runner of the issue, whereas Karvy Computershare is the registrar of the offer.
