Pipavav Shipyard's $100 mln IPO subscribed 8.25 times MUMBAI (Reuters) - Pipavav Shipyard's IPO to raise over $100 million was subscribed 8.25 times on its second day of order-taking, exchange data showed.
At 6 p.m. on Friday, the qualified institutional buyer segment was subscribed 10.63 times and retail investor segment 2.89 times, according to the National Stock Exchange (^NSEI <http://in.finance.yahoo.com/q?s=^NSEI> : 4976.05 +10.5)'s website. Pipavav, co-owned by SKIL Infrastructure Ltd and engineering firm Punj Lloyd, plans to raise funds primarily for construction of facilities for shipbuilding, ship repair and offshore business. The company's current order book stands at $920 million for 34 vessels, including 12 offshore supply vessels for state-run explorer Oil & Natural Gas Corp. (Reporting by Aniruddha Basu; Editing by Prem Udayabhanu) (For more news on Reuters Money click http://www.reutersmoney.in) --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
