Analysis and Insights into the world of IPOs and investing in India

Thursday, August 26, 2010

Gujarat Pipavav Port IPO closes with spectacular subscription

Gujarat Pipavav Port IPO, has received a marvelous response, with the IPO getting overbid by 19.94 times on an overall basis. The IPO has received an overwhelming response in the HNI Category, which is oversubscribed by 85.70 times, receiving bids for 1101396790 Equity Shares as against 12852456 Equity Shares reserved for the category

Retail Investors have also shown keen interest with the category receiving bids for 352907880 Equity Shares as against 38557368 Equity Shares reserved for the category.

Gujarat Pipavav Port Limited (GPPL), is the developer and operator of APM Terminals Pipavav, located in the Saurashtra region of Gujarat. Gujarat Pipavav operates APM Terminals Pipavav, which is India’s first private sector port, and has multi cargo and multi user operations. APM Pipavav is located in the Saurashtra region in Gujarat, and is an all weather port. It provides port handling and marine services for container cargo, bulk cargo, and LPG cargo

Gujarat Pipavav Port IPO had opened for subscription from Monday, August 23, 2010. The IPO was assigned a "CRISIL IPO Grade 4/5" (Click here for more on GPPL IPO Rating from CRISIL)
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