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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 ₹46.00 per share . The lot size for an application is 130. The minimum amount of investment required by an retail is ₹5,460 (130 shares). 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 Date | August 23, 2010 to August 26, 2010 |
| Listing Date | September 9, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹42 to ₹48 per share |
| Issue Price Final | ₹46 per share |
| Lot Size | 130 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 12,04,03,021 shares (aggregating up to ₹553.85 Cr) |
| Fresh Issue | 10,86,95,652 shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 1,17,07,369 shares of ₹10 (aggregating up to ₹53.85 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 31,48,64,019 shares |
| Share Holding Post Issue | 42,35,59,671 shares |
Gujarat Pipavav IPO offers total 12,04,03,021 shares. Out of which 7,09,37,465 (58.92%) allocated to QIB, 5,04,55,139 (41.91%) allocated to QIB, 1,18,22,911 (9.82%) allocated to NII, 3,54,68,732 (29.46%) allocated to RII and 2,04,82,326 (17.01%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 7,09,37,465 (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 (9.82%) | NA |
| Retail Shares Offered | 3,54,68,732 (29.46%) | 2,72,836 |
| Employee Shares Offered | 21,73,913 (1.81%) | NA |
| Total Shares Offered | 12,04,03,021 (100.00%) |
| 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 IPO opens on August 23, 2010, and closes on August 26, 2010.
| IPO Open Date | Mon, Aug 23, 2010 |
| IPO Close Date | Thu, Aug 26, 2010 |
| Tentative Listing Date | Thu, Sep 9, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 26, 2010 |
Investors can bid for a minimum of 130 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (Rs. in Million) | |||||
| 31-Mar-10 | 31-Dec-09 | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | 31-Dec-05 | |
| Total Income | 567.79 | 2,244.98 | 1,984.56 | 1,649.64 | 1,424.21 | 701.73 |
| Profit After Tax (PAT) | (277.66) | (1,176.69) | (676.01) | (460.22) | (518.34) | (525.52) |
The Company Gujarat Pipavav IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Prepayment of loans of the Company | 10,749.53 |
| 2 | Investment in Capital Expenditure | 927.35 |
| 3 | Investment in Capital Equipment | 338.65 |
| 4 | General corporate purposes | 638.33 |
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.
| Listing Date | September 9, 2010 |
| BSE Script Code | 533248 |
| NSE Symbol | GPPL |
| ISIN | INE517F01014 |
| Final Issue Price | ₹46 per share |
| BSE Listing Group | B |
Gujarat Pipavav Port Ltd.
Pipavav Port,
At Post Ucchaiya Via Rajula,
Amreli - 365560, Gujarat, India
Amreli, Gujarat
Phone: 91-2794-286001/092/041
Email: ipo@portofpipavav.com
Website: http://www.portofpipavav.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: gppl_ipo@karvy.com
Website: https://ipostatus.kfintech.com/
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 ₹553.85 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 130.
The IPO opens on August 23, 2010, and closes on August 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 August 23, 2010 and closes on August 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 Thursday, September 9, 2010.
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