Gujarat Pipavav Port Ltd - IPO

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

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