Investors with a low risk appetite can give the initial public offer ( IPO) of shipbuilder Pipavav Shipyard a miss; the offer does not appear to be a compelling investment option at this point in time given the lack of an operational track record, relatively attractive valuations of liste…
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Pipavav to foray into warship production
Posted on: September 14th 2009 in Stock News.
Private shipbuilder Pipavav is planning to foray into warship production and has bid for building seven vessels for the navy. Most Read Jet Airways pilots end agitation ‘Jet Airways lost around Rs 200 cr in five-day stir’ ‘Gold prices may touch Rs 18,000 per 10 gram&…
Pipavav may come with IPO this month
Posted on: September 8th 2009 in Press Releases.
Pipavav (Gujarat): Set to debut in the capital market with an IPO, Pipavav Shipyard today said that it aims to generate around 60 per cent of its revenue from the defence sector going forward, though it does not have a single order from the sector, as of now. “We see high growth po…
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