Gujarat Pipavav Port IPO : Opening on 23rd Aug 2010

by khalid on 20/08/2010 · 0 comments

Gujarat Pipapav Port Ltd (GPPL) is the developer and the operator of APM Terminals Pipavav, which has multi-cargo and multi-user operations. APM Terminals Pipavav is located in the Saurashtra region of Gujarat. The company is entering into primary market with an Initial Public Offer (IPO) of 110,423,186 Equity Shares of Rs 10 each. The IPO is opening on 23rd Aug 2010 and the shares will be available for subscription up to 26th Aug 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 42.00 at lower level and Rs 48.00 at upper level for equity share of Rs 10 each.

Promoters of the company are APM Terminals B.V., APM Terminals Mauritius Holding Limited and APM Terminals Mauritius Limited.

The IPO proceeds would be used for Infuse funds for certain elements of ongoing expansion plan, Repayment of Sponsor Support Loan to the Promoter, APMT Mauritius. General Corporate Purposes and
Achieve the benefits of listing on the Stock Exchanges.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 23rd Aug 2010 – 26th Aug 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 110,423,186 Equity Shares of Rs 10 each
Issue Size : Rs. 500 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 42 – Rs. 48 Per Equity Share
Market Lot : 130 Shares
Minimum Order Quantity : 130 Shares
Listing At : BSE, NSE

The book running lead managers to the issue will be IDFC-SSKI Private Limited and Kotak Mahindra Capital Company Limited.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

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