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Gujarat Pipavav Port Ltd (GPPL) IPO (Gujarat Pipavav IPO) Detail

August 23, 2010 - August 26, 2010

Gujarat Pipavav IPO is a book built issue of Rs 500.00 crores.

Gujarat Pipavav IPO bidding started from August 23, 2010 and ended on August 26, 2010. The shares got listed on BSE, NSE on September 9, 2010.

Gujarat Pipavav IPO price band is set at ₹42 to ₹48 per share. The minimum lot size for an application is 130 Shares. The minimum amount of investment required by retail investors is ₹6,240.

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Kotak Mahindra Capital Company Limited are the book running lead managers of the Gujarat Pipavav IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Gujarat Pipavav IPO RHP for detailed information.

Gujarat Pipavav IPO Details

IPO Date August 23, 2010 to August 26, 2010
Listing Date September 9, 2010
Face Value ₹10 per share
Price Band ₹42 to ₹48 per share
Lot Size 130 Shares
Total Issue Size108,695,652 shares
(aggregating up to ₹500.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue314,864,019
Share holding post issue423,559,671

Gujarat Pipavav IPO Reservation

Gujarat Pipavav IPO offers 110,423,186 shares. 56,632,410 (51.29%) to QIB, 12,852,456 (11.64%) to NII, 38,557,368 (34.92%) to RII, 2,380,952 (2.16%) to employees. 296,595 RIIs will receive minimum 130 shares and (sNII) and (bNII) will receive minimum 4,290 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered56,632,410 (51.29%)NA
NII (HNI) Shares Offered12,852,456 (11.64%)
Retail Shares Offered38,557,368 (34.92%)296,595
Employee Shares Offered2,380,952 (2.16%)NA
Total Shares Offered110,423,186 (100%)

Gujarat Pipavav IPO Lot Size

Investors can bid for a minimum of 130 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 130 ₹6,240
Retail (Max) 32 4160 ₹199,680
Lot Size Calculator

Gujarat Pipavav IPO Promoter Holding

The Promoters of the Company are:

1. APM Terminals B.V.;
2. APM Terminals Mauritius Holding Limited; and
3. APM Terminals Mauritius Limited.

Share Holding Pre Issue 57.9%
Share Holding Post Issue 43%

About Gujarat Pipavav Port Ltd (GPPL)

Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations. GPPL have the exclusive right to develop and operate APM Terminals Pipavav and related facilities until September 2028 pursuant to the Concession Agreement with GMB and the GoG.

Gujarat Pipavav Port promoted by APM Terminals, one of the largest container terminal operators in the world with a global network of 50 terminals in 34 countries and five continents. In the year ended December 31, 2009, APM Terminals handled 31.0 million TEUs and had revenues of over US$ 3.00 billion.

GPPL is principally engaged in providing port handling and marine services for: (1) container cargo, (2) bulk cargo, and (3) LPG cargo. In addition, they operate a CFS and also generate revenue from land-related and infrastructure activities.

Company Financials

ParticularsFor the year/period ended (Rs. in Million)
31-Mar-1031-Dec-0931-Dec-0831-Dec-0731-Dec-0631-Dec-05
Total Income567.792,244.981,984.561,649.641,424.21701.73
Profit After Tax (PAT)(277.66)(1,176.69)(676.01)(460.22)(518.34)(525.52)

Key Performance Indicator

KPI Values
ROCE-0.3%
RoNW-33.4%

Objects of the Issue (Gujarat Pipavav IPO Objectives)

The objects of the Issue are to:

1. Infuse funds for certain elements of ongoing expansion plan, as under:
   a. Construction of Container Yards and allied facilities at Port Pipavav;
   b. Phase 2 of capital dredging at Port Pipavav;
   c. Purchase of Post Panamax Quay Cranes;
   d. Purchase of Rubber Tyred Gantry (RTG) Cranes;
2. Repayment of Sponsor Support Loan to the Promoter, APMT Mauritius;
3. General Corporate Purposes; and
4. Achieve the benefits of listing on the Stock Exchanges.


Gujarat Pipavav IPO Subscription Status (Bidding Detail)

The Gujarat Pipavav IPO is subscribed 19.94 times on August 26, 2010 5:00:00 PM. The public issue subscribed 9.15 times in the retail category, 13.20 times in the QIB category, and 85.70 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB13.20
NII85.70
Retail9.15
Employee0.09
Total19.94

Gujarat Pipavav Port Ltd (GPPL) IPO Grading / Rating

CRISIL has assigned an IPO Grade 4 to Gujarat Pipavav Port Ltd (GPPL) IPO. This means as per CRISIL company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Gujarat Pipavav Port Ltd (GPPL).

Gujarat Pipavav Port IPO Tags:

Gujarat Pipavav Port Ltd IPO, GPPL IPO, Gujarat Pipavav Port IPO Bidding, GPPL IPO Allotment Status, Gujarat Pipavav Port drhp and Gujarat Pipavav Port Limited IPO listing.

Gujarat Pipavav IPO Prospectus

Gujarat Pipavav IPO Rating

630
3.9
Rating:Rated 3.9 stars
Vote Here ...

Gujarat Pipavav IPO Listing Details

Listing Date September 9, 2010
BSE Script Code 533248
NSE Symbol GPPL
ISIN INE517F01014
Final Issue Price ₹46 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹46.00
₹56.25
₹51.90
₹58.40
₹54.05
NSE
₹46.00
₹56.10
₹52.00
₹58.00
₹54.05

Check IPO Performance…

Gujarat Pipavav Port Ltd (GPPL) Contact Details

Gujarat Pipavav Port Ltd (GPPL)
Pipavav Port,
At Post Ucchaiya Via Rajula,
Amreli - 365560, Gujarat, India
Phone: 91-2794-286001/092/041
Email: ipo@portofpipavav.com
Website: http://www.portofpipavav.com

Gujarat Pipavav IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: gppl_ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Gujarat Pipavav IPO - Buy or Not

Gujarat Pipavav IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 4 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Gujarat Pipavav IPO FAQs

Gujarat Pipavav IPO is a main-board IPO of 108,695,652 equity shares of the face value of ₹10 aggregating up to ₹500.00 Crores. The issue is priced at ₹42 to ₹48 per share. The minimum order quantity is 130 Shares.

The IPO opens on August 23, 2010, and closes on August 26, 2010.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Gujarat Pipavav IPO opens on August 23, 2010 and closes on August 26, 2010.

Gujarat Pipavav IPO lot size is 130 Shares, and the minimum amount required is ₹6,240.

You can apply in Gujarat Pipavav IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gujarat Pipavav IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gujarat Pipavav IPO allotment status.

The Gujarat Pipavav IPO listing date is on September 9, 2010.
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Gujarat Pipavav IPO Message Board

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1524 Comments

1524. Ajayshare |   Link |  Bookmark |November 14, 2010 3:49:14 PM (200+ Posts)
ajayshare a placement consultant.
1523. Avdhoot Investment |   Link |  Bookmark |October 15, 2010 1:47:15 AM
Stay Invested in GPPL Short Term tgt 70-75. Sameer Trivedi
1522. Anonymous |   Link |  Bookmark |October 9, 2010 4:52:59 PM
For Exact Grey Market Rates, You are free to Contact Mr.Maamu - 09319303542.
1521. Anonymous |   Link |  Bookmark |October 8, 2010 11:13:19 AM
Recover all your losses,,invest in deepak fertilizer.its selling of the realty division....huge spurt up expected...also huge order from govt announced today
1520. Anonymous |   Link |  Bookmark |October 4, 2010 1:38:16 PM
Some one please let me know the prospects in 3 months and 6 months time frame
1519. Rushikesh pandya |   Link |  Bookmark |September 28, 2010 7:32:15 PM
IPO opening in first week of Oct :

CRISIL Equities has assigned a CRISIL IPO grade of ‘2/5’ (pronounced "two on five")
to the proposed IPO of Commercial Engineers & Body Builders Co Ltd (CEBBCO).
This grade indicates that the fundamentals of the IPO are below average relative to
other listed equity securities in India. However, this grade is not an opinion on
whether the issue price is appropriate in relation to the issue fundamentals. The offer
price for the issue may be higher or lower than the level justified by its fundamentals.
The grade is not a recommendation to buy/sell or hold the graded instrument, its
future market price or suitability for a particular investor. To arrive at the overall
grade, amongst various other parameters, CRISIL Equities has considered the
company’s business prospects, its financial performance, management capabilities
and corporate governance practices.
The IPO grade assigned to CEBBCO takes into account the company’s established
presence in the body fabrication business of commercial vehicles (CVs) and its strong
relationship with one of the largest players in this segment – Tata Motors. By virtue of
this position, CEBBCO is set to reap the benefits of the high growth in the endsegment
on the back of higher economic activity in the country, especially in the
construction and mining sectors. In addition, the change in focus of the industry
players towards selling fully built vehicles (FBVs) rather than chassis to the end-users
bodes well for the company’s business prospects. CEBBCO’s foray into the railway
segment through refurbishment of wagons during 2008-09 has met with reasonable
success.
However, the grading is constrained by the inherent risks involved in the company’s
fabrication business, which is prone to intense competition from existing and new
players due to low entry barriers. Further, players in this business have a low
bargaining power and are exposed to the cyclicality in the CV industry. The grading is
also influenced by CEBBCO’s client concentration risk (around 70% of its revenues
from the CV fabrication business in 2008-09 came from one client – Tata Motors) and
its weak competitive position since it has to source a key raw material component
(hydraulic jacks) from one of its competitors. CEBBCO is a relatively new entrant in
the railway segment and is likely to face stiff competition from the incumbent players
in the sector.
1518. Gem ipo finder |   Link |  Bookmark |September 28, 2010 4:06:26 PM
today i have put all the shares alloted to me in ipo for sale.

order given for 2000 shares @ 61.4
1517. Anonymous |   Link |  Bookmark |September 18, 2010 3:56:08 PM
Thank you SJ for your valuable comments.
1516. LONG TERM |   Link |  Bookmark |September 16, 2010 10:30:33 AM
GPPL DHEERE DHEERE LONG TERM HO RAHA HAI.
1515. REKHA |   Link |  Bookmark |September 15, 2010 9:54:08 AM
DEAR GEM IPO FINDER,
THANK U FOR YOUR ADVICE

PLEASE GIVE UR FOR INDOSOLOR IPO ONLY LISTING GAIN,,,APPLY OR NOT.
1514. gem ipo finder |   Link |  Bookmark |September 15, 2010 7:34:48 AM
REKHA

EXIT AT UR COST WHENEVER IT COMES IN NEXT ONE WEEK, IF U COULD HOLD IT FOR 3 MONTHS THEN DONT WORRY
1513. REKHA |   Link |  Bookmark |September 15, 2010 3:59:55 AM
DEAR EXPERTS,
I AM REKHA NEW IN MARKET, REQUIRE UR COOPERATION AND ADVICE,
PLEASE ADVICE WHAT TO DO WITH *GPPL* HOLDING 860 SHARE @ 56.66
PLEASE ADVICE TO HOLD OR EXIT (BUY ONLY A WEEK TIME)
1512. Haresh |   Link |  Bookmark |September 15, 2010 12:51:41 AM
Should I sell at current level, Why it is not moving when sensex is soaring high?
1511. kavya |   Link |  Bookmark |September 14, 2010 6:41:56 PM
kal koi kah raha tha it will reach 70...
1510. sreedhar |   Link |  Bookmark |September 14, 2010 11:32:41 AM
GEM,Got out at 56.
1509. sreedhar |   Link |  Bookmark |September 13, 2010 9:32:12 PM
Gane,
I sold the shares which I was holding & squared off at the end.My brokerage is only 0.01% for Intraday trading.
1508. Gavin |   Link |  Bookmark |September 13, 2010 5:04:26 PM
Hi Borders
Sold both applications today 55.90 & 56.30 respectively may be it's jump tomm at 70+
1507. Ajay |   Link |  Bookmark |September 13, 2010 4:43:24 PM
Today closing above 55 indicates bullish trend. This is going to go up from now. This stock has moved from weak hands to strong hands.

See steady returns from this stock. Apart from Mundra and GPPL there are no any other major private ports. With the Indian economy and IIP showing strong growth, infrastructure like ports will do very well in days to come.

So people who are holding this stock, hold it firmly, you will see people felling guilty who have sold for small gains!!!
1506. Rashinkar |   Link |  Bookmark |September 13, 2010 4:12:29 PM
Hold GPPL, it is going to cross 100 in next 6 months time. Hold it firmly. It will climb steadily.
1505. sreedhar |   Link |  Bookmark |September 13, 2010 11:15:47 AM
Friends,
Sold at 55.5.With yesterdays 2.5 Rs profit & additional buying for trading got out at good rate.Now need to deploy these funds in other IPOs.I will buy back GPPL after the completion o IPOS.