Subject: Pipavav Shipyard Ltd IPO finally subscribed 8.25 times

Hello Friend,

1. Pipavav Shipyard Ltd IPO fully subscribed on its closing day Friday, 18 September 2009. Pipavav Shipyard has received bids for 57,87,11,540 shares as against issue size of 7,01,77,275 shares. Retail quota of the issue subscribed 2.8958 times. QIB's shows good interest and subscribed 10.6300 times. Non Institutional category subscribed 14.8152 times and Employees subscribed 0.7768 times. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Detailed subscription of Pipavav Shipyard IPO (Friday, September 18, 2009)

Qualified Institutional Buyers (QIBs): 10.6300 Times
Non Institutional Investors: 14.8152 Times
Retail Individual Investors (RIIs): 2.8958 Times
Employees: 0.7768 Times
Total: 8.25 Times

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