The initial public offering of Mundra Port & SEZ was subscribed over two times within hours of the issue opening for subscription on Thursday.
As per the NSE web site, the issue received bids for 10,52,16,135 shares against issue size of 4,02,50,000 shares on offer. Around 49,635 bids were received at cut-off price.
The Rs 10 shares are being offered in the price band Rs 400-440 per shares via 100 per cent book building process. The issue closes on Nov 7.
Net issue to the public constitutes 10.05 per cent of the fully diluted post issue paid-up capital.
Mundra Port plans to use proceeds of the issue to part finance construction and development of basic infrastructure and allied facilities at the proposed SEZ at Mundra; construction and development of a terminal for coal and other cargo at Mundra Port; contribution towards investment in Adani Petronet (Dahej) Port; contribution towards investment in Adani Logistics and contribution towards investment in Inland Conware.
An Adani group company, Mundra Port and Special Economic Zone has received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas from the government, making it one of the first port-based multi-product SEZs in India.
The book running lead mangers to the issue are Enam Securities, Kotak Mahindra Capital, ICICI Securities, SBI Capital Markets, DSP Merrill Lynch, JM Financial Consultants and SSKI Corporate Finance.
The shares will be listed on the National Stock Exchange and Bombay Stock Exchange.
As per the NSE web site, the issue received bids for 10,52,16,135 shares against issue size of 4,02,50,000 shares on offer. Around 49,635 bids were received at cut-off price.
The Rs 10 shares are being offered in the price band Rs 400-440 per shares via 100 per cent book building process. The issue closes on Nov 7.
Net issue to the public constitutes 10.05 per cent of the fully diluted post issue paid-up capital.
Mundra Port plans to use proceeds of the issue to part finance construction and development of basic infrastructure and allied facilities at the proposed SEZ at Mundra; construction and development of a terminal for coal and other cargo at Mundra Port; contribution towards investment in Adani Petronet (Dahej) Port; contribution towards investment in Adani Logistics and contribution towards investment in Inland Conware.
An Adani group company, Mundra Port and Special Economic Zone has received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas from the government, making it one of the first port-based multi-product SEZs in India.
The book running lead mangers to the issue are Enam Securities, Kotak Mahindra Capital, ICICI Securities, SBI Capital Markets, DSP Merrill Lynch, JM Financial Consultants and SSKI Corporate Finance.
The shares will be listed on the National Stock Exchange and Bombay Stock Exchange.