Pipavav Shipyard IPO Analysis and Review
Pipavav Shipyard IPO opens on September 16 and closes on September 18. The IPO comprises of a public offer of 85.45 million equity shares of Rs. 10 each, through book building.
The proceeds from the Pipavav Shipyard IPO are to be used for construction of facilities for shipbuilding and repair primarily, and for the offshore business and as margin for working capital.
The shipbuilding business is frought with revenue fluctuations and order cancellations. Moreover, the money being raised is directly for investment in the ship building capabilities, which will take a lot of time to turn revenue accretive. Considering that the world economy is still recovering from the slowdown, Pipavav Shipyard might not get a barrage of new orders right away.
In the next 2 years, there will be many chances to buy the Pipavav Shipyard stock at cheaper valuations that the IPO. Very long term investors should put their money in the Pipavav Shipyard IPO. Short and medium term investors might not make an immediate buck in the process.
Baba recommends staying away from the IPO, but certainly buying the stock at cheaper valuations later on.
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September 14th, 2009 at 10:22 pm
Dear sir,
all employers of PSL is not gating banifet of any kind.
there is no good food fasility.
enployers not gating fasility of accomadation free of charge they r dedacting charge of Transoprtation.
Pour Managment.
September 24th, 2009 at 2:01 am
Hi,
The market is currently enjoying a good rally which has seen most stocks gain from competitive advantage and it would be advisable for all stock market enthusiasts to seize this opportunity and plan their investments in a safer yet conducive stock market. With NIFTY hovering around 4800-4900 +, it is expected to take hold of this currently rally and be realistically be closest to 5000 more so than before in what should be its new 52 week high.
Lot many untouched stocks are still there which are ready to blast any moment.
Regards
SHARETIPSINFO TEAM