The initial public offer (IPO) of the private sector shipbuilder, Pi
pavav Shipyard, on Wednesday got fully subscribed in the very first hour of its first day of subscription. Pipavav Shipyard, which expects to raise as much as Rs 513 crore through its public offer, received bids for 7,63,30,870 shares as against 7,01,77,275 shares on offer. The issue got subscribed 1.09 times as on 1100 hours, according to the data available on the National Stock Exchange.