Pipavav Shipyard is Better For long term investors: Anand Rathi Securities

Pipavav Shipyard to build vessel company’s IPO opened today for investors. September 18, the IPO Pipavav can be applied. About 8.54 million shares under the IPO company is doing and for 55 to 60 rupees price band has been fixed. Company Promoter (promoter) through the IPO are selling their 10-12% share.

Almost 513 million through the company will be successful in raising money. The sales achieved by the use of company funds for their expansion plans and general business expenses will.

Pipavav Shipyard Limited 22.3% stake in Punj Lloyd around. A total of Rs 3800 crore this time it is contracted. In addition, it ships Navel 7, 5 and 2 Navel Cadet training ships offshore gas ships have applied for contracts. This time, the company’s date – equity ratio is almost 1 and after the IPO will be 0.7. In this situation the company will be easier to raise capital in the future.

In the IPO market watchers are advised to invest with caution. Anand Rathi Securities, Senior VP (Research) D D Sharma’s opinion that the long term (2 to 3 years) the investor’s thinking can apply in this IPO. But to achieve profits at Pipavav in the IPO listing in doubt.

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