Gujarat Pipavav Port IPO
Gujarat Pipavav Port IPO — date, price band, lot size & details 2010
Gujarat Pipavav Port listed on 9 Sep 2010 at ₹56.1, 22% above the ₹46 issue price.
Gujarat Pipavav Port develops and operates APM Terminals Pipavav, India's first private sector port, with multi cargo and multi user operations. It is promoted by APM Terminals.
Stock price
Gujarat Pipavav Port 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 15 November.
- Open 23 Aug 2010
- Close 26 Aug 2010
- Allotment 02 Sep 2010
- Refund/credit TBA
- Listing 09 Sep 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 26 Aug, 2010 |
|---|---|
| Price Band | ₹42 – ₹48 |
| Face Value | ₹10 |
| Lot Size | 130 Shares |
| Issue Size | ₹553.85 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,980 |
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 130 shares at the ₹46 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 130 | ₹5,980 |
| Retail (max) | 33 | 4,290 | ₹1,97,340 |
| S-HNI (min) | 34 | 4,420 | ₹2,03,320 |
| S-HNI (max) | 167 | 21,710 | ₹9,98,660 |
| B-HNI (min) | 168 | 21,840 | ₹10,04,640 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its promoter APM Terminals runs 50 terminals in 34 countries.
- 02It holds the concession to run the port until September 2028.
- 03Rs 300.00 crore of the issue was for prepaying loans.
- 04Pipavav was the first private sector port in India; net worth was Rs 280.10 crore on 31 March 2010.
Risks · 5
- 01It reported losses in every period shown, including Rs 117.67 crore in the year ended 31 December 2009.
- 02Total borrowing was Rs 1,104.52 crore on 31 March 2010, nearly four times its net worth.
- 03Reserves were negative at Rs 34.76 crore on 31 March 2010.
- 04Port volumes depend on trade and on rail and road links to the hinterland; Rs 82.54 crore was planned for capital spending.
- 05Promoter holding fell from 57.9% before the issue to 43% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Gujarat Pipavav Port offer document.
| Metric | 31 Mar 2010 | 31 Dec 2009 | 31 Dec 2008 |
|---|---|---|---|
| Assets | 241.77 | - | - |
| Total Income | 56.78 | 224.50 | 198.46 |
| Profit After Tax | -27.77 | -117.67 | -67.60 |
| NET Worth | 280.10 | 307.87 | 380.32 |
| Reserves and Surplus | -34.76 | -7.00 | 34.84 |
| Total Borrowing | 1,104.52 | 1,089.11 | 741.49 |
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 Gujarat Pipavav Port RHP.
Where the money goes
₹475.07 Cr of the issue is earmarked to named objects.
Gujarat Pipavav Port IPO Anchor Investors
20 anchor investors across 10 fund houses committed ₹92.16 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It develops and operates APM Terminals Pipavav, the first private sector port in India, handling containers, bulk and other cargo for many users.
It holds the exclusive right to develop and operate the port and related facilities until September 2028 under a concession agreement with the Gujarat Maritime Board and the Government of Gujarat.
The IPO was Rs 553.85 crore, with Rs 500.00 crore of fresh issue and Rs 53.85 crore of offer for sale by investors, at Rs 46, within the Rs 42 to Rs 48 band. Most of the fresh money was for prepaying loans and capital spending.
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.
Gujarat Pipavav Port 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%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
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 Gujarat Pipavav Port?
The current Grey Market Premium is ₹0.
What is the Gujarat Pipavav Port IPO price band?
₹42 to ₹48, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 September 2010, with listing on 9 September 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
