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Pipavav revises IPO price

This article was posted on Sep 23, 2009 and is filed under Stock News

Mumbai: Pipavav Shipyard announced on Tuesday that it has fixed it IPO price at Rs 58. This is Rs 2 less than the upper band.

The price band for the company’s 8.5 crore shares issue was fixed at Rs 55-60. Pipavav’s IPO, which closed on September 18, was subscribed close to nine times.

source: Sify Finance

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