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ABG Shipyard IPO: Our view - Views on News from Equitymaster
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ABG Shipyard IPO: Our view
Nov 18, 2005

ABG Shipyard (ABG), which is India’s largest private sector shipbuilding company, is scheduled to begin with its initial public offering today. The company is put on offer 8.5 m shares (including 0.2 m reserved for employees). The issue is priced between Rs 155 per share and Rs 185 per share. Consequently, the size of the issue is Rs 1.3 bn to Rs 1.6 bn. Here is a brief analysis of the issue.

Issue Structure
  Book Building Portion
  QIBs Non-Institutional
Investors
Retail
Investors
No. of shares 4,980,000 830,000 2,490,000
% of total size ** 60% 10% 30%
Minimum Bid/
Application size
Over Rs 100,000 and
in multiples of 35 shares
Over Rs 100,000 and
in multiples of 35 shares
35 shares and in
multiples of 35 shares
Maximum Bid/
Application size
Not exceeding
the issue size
Not exceeding
the issue size
Rs 100,000

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