J Sagar Associates sail on Pipavav IPO

Bar & Bench September 11 2009
Pipavav

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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