Pipavav Shipyard Ltd, one of the most shady IPOs this season has slipped into the RED i.e below the IPO price of Rs 58 to Rs 54.45 on the NSE. Pipavav Shipyard is promoted by Nikhil Gandhi etc who are indicted for rigging company share prices which can also constitute insiders trading.
We really hope the Retail Investors have exited the stock before the ship sinks like Titanic with an unreasonable IPO pricing 🙂
