Bookbuilding IPO | ₹1,771 Cr | Listed at BSE, NSE | Thu, Nov 1, 2007 - Wed, Nov 7, 2007
Mundra Port IPO is a book build issue of ₹1,771.00 crores. The issue is entirely a fresh issue of 4.03 crore shares of ₹1,771.00 crore.
Mundra Port IPO bidding started from Nov 1, 2007 and ended on Nov 7, 2007. The shares got listed on BSE, NSE on Nov 27, 2007.
Mundra Port IPO price band is set at ₹440 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,600 (15 shares) (based on upper price). The lot size investment for sNII is 31 lots (465 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (2,280 shares), amounting to ₹10,03,200.
The issue includes a reservation of up to 1,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
BOFA Securities India Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Mundra Port IPO RHP for detailed Information.
IPO Open
Thu, Nov 1, 2007
IPO Close
Wed, Nov 7, 2007
Issue Price
₹440 per share
Market Cap (Pre-IPO)
₹17,629.87 Cr
| IPO Date | 1 to 7 Nov, 2007 |
| Listed on | Tue, Nov 27, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹400 to ₹440 |
| Issue Price | ₹440 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,02,50,000 shares (agg. up to ₹1,771 Cr) |
| Fresh Issue | 4,02,50,000 shares (agg. up to ₹1,771 Cr) |
| Share Holding Pre Issue | 36,04,28,820 shares |
| Share Holding Post Issue | 40,06,78,820 shares |
| BSE Script Code / NSE Symbol | 532921 / ADANIPORTS |
| ISIN | INE742F01042 |
Mundra Port IPO comprises a total issue size of 4,02,50,000 shares. The net offer to the public is 4,01,00,000 shares, after excluding 1,50,000 shares under a preferential allotment. Of the Net offer 2,40,60,000 (60.00%) are allocated to QIB, 40,10,000 (10.00%) allocated to NII 1,20,30,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,40,60,000 | 60.00% | 59.78% | NA |
| NII (HNI) Shares Offered | 40,10,000 | 10.00% | 9.96% | NA |
| Retail Shares Offered | 1,20,30,000 | 30.00% | 29.89% | 8,02,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,50,000 | 0.37% | NA | |
| Total Shares Offered | 4,02,50,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,600 |
| Retail (Max) | 30 | 450 | ₹1,98,000 |
| S-HNI (Min) | 31 | 465 | ₹2,04,600 |
| S-HNI (Max) | 151 | 2,265 | ₹9,96,600 |
| B-HNI (Min) | 152 | 2,280 | ₹10,03,200 |
| 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 |
Mundra Port and Special Economic Zone Limited is developer and operator of the Mundra Port, a leading sea port located in Kutch Gujrat. Mundra Port is Adani Group promoted company and has exclusive right to develop and operate Mundra Port and related facilities for 30 years starting from February 17, 2001. Mundra Port provides port services for bulk cargo, container cargo, crude oil cargo and value-added port services, including railway services.
Promoter of Mundra Port, Adani Group is a diversified group with around Rs 16,000 crore turnover. Incorporated in 1988, Adani Group is involve in businesses like commodities trading, coal mining, power trading, power generation, real estate development, agro processing and logistics, shipping and port operations.
In April 12, 2006 Mundra Port received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas, which will be the first port based multi product SEZs in India. Mundra SEZ will provide integrated infrastructure including world-class Industrial, Business, and Social infrastructure like development of Industrial plots, Commercial and Residential buildings, Schools, Colleges, Hospital, Entertainment, Sports and Recreation facilities.
Mundra Port's income has grown at a compound annual growth rate of 51.2% from Rs. 1,676.7 million in fiscal 2004 to Rs. 5,797.4 million in fiscal 2007. Company’s net profit in fiscal 2006 was Rs. 737.5 million and in fiscal 2007 was Rs. 1,931.2 million.
| 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 | Construction and development of basic infrastructure and the allied facilities in the proposed SEZ at Mundra (“SEZ Project”) | 700.00 |
| 2 | Construction and development of a terminal for coal and other cargo in the vicinity of power projects at Mundra Port (“Coal Terminal Project”) | 2,000.00 |
| 3 | Contribution towards investment in Adani Petronet (Dahej) Port Private Limited (“APPPL”) | 209.46 |
| 4 | Contribution towards investment in Adani Logistics Limited (“ALL”) | 22.00 |
| 5 | Contribution towards investment in Inland Conware Private Limited (“ICPL”) | 54.38 |
| 6 | General Corporate Purpose | 270.16 |
| KPI | |
|---|---|
| RoNW | 25.7% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.38% | 81.3% |
| Market Cap | ₹17,629.87 Cr. |
The Mundra Port IPO is subscribed 115.84 times on November 7, 2007 5:00:00 PM (Day 5). The public issue subscribed 16.19 times in the retail category, 159.6 times in the QIB category, and 156.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee, underwriting and selling commission | 44.00 |
| 2 | Advertising and marketing expenses | 1.00 |
| 3 | Printing and stationery | 8.00 |
| 4 | Others (Monitoring Agent fees, Registrar’s fee, legal fee, listing fee etc.) | 12.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹440.00 | ₹440.00 |
| Open | ₹770.00 | ₹770.00 |
| Low | ₹770.00 | ₹770.00 |
| High | ₹1,150.00 | ₹1,050.00 |
| Last Trade | ₹961.70 | ₹962.90 |
Mundra Port IPO is a main-board IPO of 4,02,50,000 equity shares of the face value of ₹10 aggregating up to ₹1,771 Crores. The issue is priced at ₹440 per share. The minimum order quantity is 15.
The IPO opens on Thu, Nov 1, 2007, and closes on Wed, Nov 7, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mundra Port IPO using UPI as a payment gateway. Zerodha customers can apply in Mundra Port IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mundra Port IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mundra Port IPO opens on Thu, Nov 1, 2007 and closes on Wed, Nov 7, 2007.
Mundra Port IPO lot size is 15, and the minimum amount required for application is ₹6,600.
You can apply in Mundra 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 Mundra Port IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Mundra Port IPO allotment status.
The Mundra Port IPO listing date is on Tue, Nov 27, 2007.
