Tuesday, January 12, 2010

Gujarat Pipavav Port Ltd filed a DRHP with SEBI for IPO

Gujarat Pipavav Port Ltd IPO Detail

Gujarat Pipavav Port Ltd is planning to raise Rs 500 crore via IPO. The company has filed a DRHP (draft red herring prospectus) with SEBI (Securities & Exchange Board of India).

Gujarat Pipavav Port Ltd, is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations. Company is promoted by APM Terminals, one of the largest container terminal operators in the world with a global network of 49 terminals in 32 countries and five continents. Company is engaged in providing port handling and marine services for: (i) container cargo, (ii) bulk cargo, and (iii) LPG cargo. In addition, they operate a CFS and also generate revenue from land-related and infrastructure activities.

For the period of nine-month ended on September 30, 2009, it has reported net loss of Rs 82.49 crore on total income of Rs 155.33 crore. It has debt of Rs 1,152.79 crore.

The company intends to spend the issue proceeds to Prepayment of loans of Company, Investment in Capital Expenditure, Investment in Capital Equipment and general corporate purposes.

The book running lead managers to the issue are IDFC-SSKI Ltd and Kotak Mahindra Capital Company Ltd. IDBI Capital Market Services Ltd is the co-book running lead manager and Karvy Computershare Pvt Ltd is the registrar.

For more information about Gujarat Pipavav Port Ltd IPO Prospectus please visit:


Gujarat Pipavav Port Ltd IPO Detail