| QIB | 10.63 times |
| HNI | 14.81 times |
| Retail | 2.89 times |
| Employees | 1.02 times |
| Overall | 8.25 times |
The issue has received excellent subscription and the listing day will be keenly watched.
Pipavav Shipyard oversubscribed
September 20th, 2009
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Weekly Performance of Newly Listed Shares week ended 18th Sept
September 19th, 2009
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| Name | Date of listing | Issue Price | closing price | closing price | gain loss | change over |
| 18th Sept | 11th Aug | over week | Issue price | |||
| Adani Power Ltd | 20th August | 100 | 100.90 | 103.30 | -2.32 | 0.90 |
| NHPC | 1st September | 36 | 35.70 | 33.40 | 6.89 | -0.83 |
Pipavav Shipyard: Issue Oversubscribed
September 16th, 2009
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Six anchor investors have applied for 1.52,72,950 shares at Rs 60 each for a combined value of Rs 91.6377 crs. This forms 30% of the QIB portion and comes with a lock in of one year from listing of the shares. Of the six anchor investors as many as five of them are new investors to the company and one of them is an existing investor. These anchor investors give comfort to the investing public and also demonstrate that this is an investment for the long term and they are confident about what they are doing. As mentioned earlier this investment comes with a lock in of one year.
| Sr. No. |
Name of the Anchor Investor
|
No. of Equity Shares Allocated |
|
1. |
Batterymarch Financial Management Inc. A/C Legg Mason Emerging Markets Trust | 1,666,720 |
|
2. |
Commonwealth Equity Fund Limited | 5,176,160 |
|
3. |
California Public Employee’s Retirement System managed by Batterymarch Financial Management Inc. | 1,666,720 |
|
4. |
GI India II | 1,999,910 |
|
5. |
India Diversified (Mauritius) Limited | 2,499,970 |
|
6. |
Marshal India Select Fund Limited | 2,263,470 |
| Total | 15,272,950 |
As of 1pm, the issue which opened for subscription today was oversubscribed. The issue was 1.41 times oversubscribed.
