Mundra Port and Special Economic Zone Ltd IPO to hit markets on November 1, 2007

The Initial Public Offering (IPO) of Mundra Port and Special Economic Zone Ltd opens for subscription by investors on November 1, 2007. The company has come out with an Initial Public Offering (IPO) of equity shares of Rs.10 each for cash at a price band of Rs.400 to Rs.440 per share for cash aggregating Rs.1771 Crores.

The IPO opens for subscription on Thursday - November 1, 2007 and closes on Wednesday - November 7, 2007.

The Issue comprises of a reservation of 24060000 equity shares allocated for Qualified Institutional Buyers (QIBs), 4010000 equity shares for Non Institutional Investors, 12030000 equity shares for Retail Individual Investors (RIIs) and 150000 for employees of the company.

The Issue comprises a net issue of 40,100,000 equity shares to the public. The Issue and the Net Issue will constitute 10.05% and 10.01% respectively of the fully diluted post issue paid-up capital of the company.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

DSP Merrill Lynch Ltd, JM Financial Consultants Pvt Ltd and SSKI Corporate Finance Pvt Ltd are the global coordinators and book running lead managers to the issue. Enam Securities Pvt Ltd is the Senior Book Running Lead Manager to the issue. SBI Capital Markets Ltd is the Book Running Lead Manager to the issue. Intime Spectrum Registry Ltd is the Registrar to the issue.

Click Here to view the website of Mundra Port and Special Economic Zone Ltd

Click Here to view the prospectus of Mundra Port and Special Economic Zone Ltd

Source : Equity Bulls

Keywords