Business Standard

Gujarat Pipavav Port Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

553.85 cr

Price Range (₹)

46

Lot Size

130

Min Investment (₹)

5,980.00

Listing Exchange

MumbaiNSE

Open Date

23-Aug-2010

Close Date

26-Aug-2010

Listing Date

09-Sept-2010

Gujarat Pipavav Port Ltd News

    The Shares of Gujarat Pipavav Port Ltd have now been listed.

    Gujarat Pipavav Port Ltd IPO Details

    Public issue of 108,695,652 equity shares of Rs. 10 each of Gujarat Pipavav Port Limited (GPPL or the Company or the Issuer) for cash at a price of Rs. 46 per equity share (including a share premium of Rs. 36 per equity share) aggregating to Rs. 500.00 crores (Fresh Issue) and an offer for sale of upto 11,707,369 equity shares by the Infrastructure Fund of India, LLC and the India Infrastructure Fund, LLC (the Selling Shareholders) (Offer for Sale and together with the fresh issue the Issue). The Issue also includes a reservation of upto 2,173,913 equity shares of Rs. 10 each aggregating to Rs. 10.00 crores for the eligible employees (the Employee Reservation Portion). The Issue less the employee reservation portion is referred to as the Net Issue. The issue will constitute 28.4% of the post issue paid up capital of the company. The Net issue will constitute 27.9% of the post issue paid up capital of the company.Issue price : Rs. 46 per equity share of face value Rs 10 eachThe issue price is 4.6 times the face value

    Objective of issue

    Prepayment of loans of the company. Investment in capital expenditure. Investment in capital equipment. General corporate purposes.

    Gujarat Pipavav Port Ltd Contact Details

    Gujarat Pipavav Port Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - investorrelationinppv@apmterminals.com, manish.agn

    Website - www.pipavav.com , www.apmterminals.com