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Pipavav lists at discount to offer price

Pipavav lists at discount to offer price
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First Published: Fri, Oct 09 2009. 11 33 PM IST
Updated: Fri, Oct 09 2009. 11 33 PM IST
Pipavav Shipyard Ltd shares listed at Rs57 on the National Stock Exchange, below their initial open offer (IPO) pricing of Rs58. At least 13 crore shares were traded on the first day of listing. This is the third issue this year to list at a discount, after Globus Spirits Ltd and Raj Oil Mills Ltd. The company’s IPO was subscribed eight times over on 18 September, raising Rs3,400 crore.
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First Published: Fri, Oct 09 2009. 11 33 PM IST
More Topics: Pipav | IPO | Shares | NSE | Money Matters |