J Sagar Associates sail on Pipavav IPO

Bar & Bench September 11 2009

Pipavav Shipyards, India's largest dockyards, filed their Draft Red Herring prospectus with the SEBI on Thursday. Pipavav is planning to raise an estimated Rs. 512 Crores ($106 Million) through the IPO, giving it an enterprise valuation of about Rs. 4600 Crores ($960 Million).

J. Sagar Associates, Mumbai, led by Capital Markets Partner Somasekhar Sundaresan [pictured], are advising Pipavav Shipyards on the IPO. The underwriters are being advised by S&R Associates, Delhi. The S&R team is led by Partner Sandip Bhagat, assisted by . . .

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