| Public issue of 85,450,225 equity shares of Rs. 10 each ("equity shares") of Pipavav Shipyard Limited (the "company" or the "issuer") for cash at the issue price of Rs. 58 per equity share for the investors other than the Anchor Investors and at the issue price of Rs. 60 per equity share for the Anchor investors, aggregating Rs. 498.67 Crores (The "Issue"). The issue will constitute 12.83% of the post-issue equity share capital of the company. Up to 600,000 equity shares of Rs. 10 each will be reserved in the issue for subscription by employees (As specifically defined herein in the section "Definitions and abbreviations) at the issue price (the "employee reservation portion"). The issue less the employee reservation portion shall be hereinafter referred to as the "net issue". The Net issue will constitute 12.74% of the post-issue equity share capital of the company.
The Issue Price is Rs. 58 per equity share.
The Face value of the equity shares is Rs. 10 each and the issue price is 5.8 times the face value (For the anchor investors, the issue price is Rs. 60 per equity share, which is 6 times the face value)
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