Bookbuilding IPO | ₹554 Cr | Listed at BSE, NSE | Mon, Aug 23, 2010 - Thu, Aug 26, 2010
Gujarat Pipavav Port IPO is a book build issue of ₹553.85 crores. The issue is a combination of fresh issue of 10.87 crore shares aggregating to ₹500.00 crores and offer for sale of 1.17 crore shares aggregating to ₹53.85 crores.
Gujarat Pipavav Port IPO bidding started from Aug 23, 2010 and ended on Aug 26, 2010. The shares got listed on BSE, NSE on Sep 9, 2010.
Gujarat Pipavav Port IPO price band is set at ₹46 per share. The lot size for an application is 130. The minimum amount of investment required by an retail is ₹6,240 (130 shares) (based on upper price). The lot size investment for sNII is 34 lots (4,420 shares), amounting to ₹2,03,320, and for bNII, it is 168 lots (21,840 shares), amounting to ₹10,04,640.
The issue includes a reservation of up to 21,73,913 shares for employees offered at a discount of ₹0.00 to the issue price.
Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gujarat Pipavav Port IPO RHP for detailed Information.
IPO Open
Mon, Aug 23, 2010
IPO Close
Thu, Aug 26, 2010
Issue Price
₹46 per share
Market Cap (Pre-IPO)
₹1,948.37 Cr
| IPO Date | 23 to 26 Aug, 2010 |
| Listed on | Thu, Sep 9, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹42 to ₹48 |
| Issue Price | ₹46 per share |
| Lot Size | 130 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 12,04,03,021 shares (agg. up to ₹554 Cr) |
| Fresh Issue | 10,86,95,652 shares (agg. up to ₹500 Cr) |
| Offer for Sale | 1,17,07,369 shares of ₹10 (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 31,48,64,019 shares |
| Share Holding Post Issue | 42,35,59,671 shares |
| BSE Script Code / NSE Symbol | 533248 / GPPL |
| ISIN | INE517F01014 |
Gujarat Pipavav Port IPO comprises a total issue size of 12,04,03,021 shares. The net offer to the public is 11,82,29,108 shares, after excluding 21,73,913 shares under a preferential allotment. Of the Net offer 7,09,37,465 (60.00%) are allocated to QIB, 1,18,22,911 (10.00%) allocated to NII 3,54,68,732 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 7,09,37,465 | 60.00% | 58.92% | NA |
| − Anchor Investor Shares Offered | 2,04,82,326 | 17.01% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 5,04,55,139 | 41.91% | NA | |
| NII (HNI) Shares Offered | 1,18,22,911 | 10.00% | 9.82% | NA |
| Retail Shares Offered | 3,54,68,732 | 30.00% | 29.46% | 2,72,836 |
| Preferential Reservations | ||||
| Employee Shares Offered | 21,73,913 | 1.81% | NA | |
| Total Shares Offered | 12,04,03,021 | 100.00% | 100.00% | |
Investors can bid for a minimum of 130 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 130 | ₹5,980 |
| Retail (Max) | 33 | 4,290 | ₹1,97,340 |
| S-HNI (Min) | 34 | 4,420 | ₹2,03,320 |
| S-HNI (Max) | 167 | 21,710 | ₹9,98,660 |
| B-HNI (Min) | 168 | 21,840 | ₹10,04,640 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations. GPPL have the exclusive right to develop and operate APM Terminals Pipavav and related facilities until September 2028 pursuant to the Concession Agreement with GMB and the GoG.
Gujarat Pipavav Port promoted by APM Terminals, one of the largest container terminal operators in the world with a global network of 50 terminals in 34 countries and five continents. In the year ended December 31, 2009, APM Terminals handled 31.0 million TEUs and had revenues of over US$ 3.00 billion.
GPPL is principally engaged in providing port handling and marine services for: (1) container cargo, (2) bulk cargo, and (3) LPG cargo. In addition, they operate a CFS and also generate revenue from land-related and infrastructure activities.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment of loans of the Company | 300.00 |
| 2 | Investment in Capital Expenditure | 82.54 |
| 3 | Investment in Capital Equipment | 28.70 |
| 4 | General corporate purposes | 63.83 |
| Total | 475.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 57.9% | 43% |
| Market Cap | ₹1,948.37 Cr. |
The Gujarat Pipavav IPO is subscribed 19.94 times on August 26, 2010 5:00:00 PM (Day 4). The public issue subscribed 9.15 times in the retail category, 13.2 times in the QIB category, and 85.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 13.2 | 5,66,32,410 | |
| NII | 85.7 | 1,28,52,456 | |
| Retail | 9.15 | 3,85,57,368 | |
| Employee | 0.09 | 23,80,952 | |
| Total | 19.94 | 11,04,23,186 |
CRISIL has assigned an IPO Grade 4 to Gujarat Pipavav Port Ltd (GPPL) IPO. This means as per CRISIL company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Gujarat Pipavav Port Ltd (GPPL).
Gujarat Pipavav Port Ltd IPO, GPPL IPO, Gujarat Pipavav Port IPO Bidding, GPPL IPO Allotment Status, Gujarat Pipavav Port drhp and Gujarat Pipavav Port Limited IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Underwriting and Selling Commission | 9.80 |
| 2 | SCSB Commission | 0.63 |
| 3 | Advertising and marketing expenses | 6.50 |
| 4 | Printing and stationery (including courier, transportation charges) | 3.00 |
| 5 | Others (Registrar fees, legal fees, listing costs etc) | 4.92 |
| 6 | Fees paid to rating agency | 0.08 |
| Total | 24.93 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹46.00 | ₹46.00 |
| Open | ₹56.25 | ₹56.10 |
| Low | ₹51.90 | ₹52.00 |
| High | ₹58.40 | ₹58.00 |
| Last Trade | ₹54.05 | ₹54.05 |
Lead Manager Reports
Gujarat Pipavav Port IPO is a main-board IPO of 12,04,03,021 equity shares of the face value of ₹10 aggregating up to ₹554 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 130.
The IPO opens on Mon, Aug 23, 2010, and closes on Thu, Aug 26, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gujarat Pipavav Port IPO using UPI as a payment gateway. Zerodha customers can apply in Gujarat Pipavav Port IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gujarat Pipavav Port IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gujarat Pipavav Port IPO opens on Mon, Aug 23, 2010 and closes on Thu, Aug 26, 2010.
Gujarat Pipavav Port IPO lot size is 130, and the minimum amount required for application is ₹5,980.
You can apply in Gujarat Pipavav Port IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gujarat Pipavav Port IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gujarat Pipavav Port IPO allotment status.
The Gujarat Pipavav Port IPO listing date is on Thu, Sep 9, 2010.
