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Pipavav Shipyard IPO opens on Sept. 16

Posted by cvbasheer on September 13, 2009

CHENNAI: Pipavav Shipyard will enter the capital market with its initial public offer of 85.45 million equity shars of Rs. 10 each on September 16. The IPO closes on September 18. The issue is on a 100 per cent book building process. The company plans to use the proceeds of the issue for the construction of facilities for shipbuilding, ship repair and the offshore business, margin for working capital and general corporate purposes.


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