Gateway Distriparks IPO
Gateway Distriparks IPO — date, price band, lot size & details 2005
Gateway Distriparks listed on 31 Mar 2005 at ₹88.9, 23.5% above the ₹72 issue price.
Gateway Distriparks runs container freight stations at JNPT (Navi Mumbai), Chennai and Visakhapatnam ports and an inland container depot at Garhi Harsaru in Haryana. Its total income was Rs 59.76 crore in FY2004.
Stock price
Gateway Distriparks is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 09 Mar 2005
- Close 13 Mar 2005
- Allotment 23 Mar 2005
- Refund/credit TBA
- Listing 31 Mar 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 13 Mar, 2005 |
|---|---|
| Price Band | ₹60 – ₹72 |
| Face Value | ₹10 |
| Lot Size | 90 Shares |
| Issue Size | ₹151.2 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,480 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 90 shares at the ₹72 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 90 | ₹6,480 |
| Retail (max) | 30 | 2,700 | ₹1,94,400 |
| S-HNI (min) | 31 | 2,790 | ₹2,00,880 |
| S-HNI (max) | 154 | 13,860 | ₹9,97,920 |
| B-HNI (min) | 155 | 13,950 | ₹10,04,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 39.16 crore in FY2002 to Rs 59.76 crore in FY2004.
- 02Profit after tax doubled from Rs 9.80 crore in FY2002 to Rs 19.13 crore in FY2004.
- 03It had facilities at 3 major ports and an inland container depot in Haryana.
- 04Net worth rose from Rs 68.79 crore in FY2002 to Rs 97.84 crore in November 2004.
Risks · 5
- 01Container freight income depends on trade volumes and on how long containers stay; total income was Rs 52.68 crore in eight months to November 2004.
- 02Total borrowing rose from Rs 19.07 crore in FY2004 to Rs 46.51 crore in November 2004.
- 03It used about 800 contract labourers at its Navi Mumbai station, which adds labour risk.
- 04Rs 72.00 crore of the Rs 151.2 crore issue went to selling shareholders.
- 05Promoter holding fell from 67.87% before the issue to 50.91% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Gateway Distriparks offer document.
| Metric | 30 Nov 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 168.17 | 127.38 | 117.95 | - |
| Total Income | 52.68 | 59.76 | 46.10 | 39.16 |
| Profit After Tax | 16.60 | 19.13 | 14.99 | 9.80 |
| NET Worth | 97.84 | 81.24 | 76.55 | 68.79 |
| Reserves and Surplus | 33.84 | 17.24 | 12.55 | 20.79 |
| Total Borrowing | 46.51 | 19.07 | 19.51 | 21.30 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Gateway Distriparks RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Gateway Distriparks IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹2.99 | ₹3.32 |
| P/E Ratio (x) | 24.09 | 21.69 |
| Market Cap at Offer Price (₹ Cr) | ₹399.73 | ₹360.00 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹72 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹79.20 Cr of the issue is earmarked to named objects.
About the company
It handles and stores import and export containers at container freight stations, which ease congestion at ports.
It operates container freight stations at JNPT, Chennai and Visakhapatnam ports and an inland container depot at Garhi Harsaru, Haryana.
The IPO was Rs 151.2 crore, with Rs 79.20 crore of fresh issue and Rs 72.00 crore of offer for sale, at Rs 72, the top of the Rs 60 to Rs 72 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Gateway Distriparks IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Gateway Distriparks?
The current Grey Market Premium is ₹0.
What is the Gateway Distriparks IPO price band?
₹60 to ₹72, on a face value of ₹10.
When is the allotment?
The basis of allotment is 23 March 2005, with listing on 31 March 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
