Mundra Port and Special Economic Zone Ltd has filed papers with the Securities and Exchange Board of India for an initial public offering of 40,250,000 equity shares of Rs 10 each for cash at an issue price to be decided later.
Of the issue size, 1,50,000 shares will be reserved for the employees. The net issue will constitute 10.05% of the fully diluted post issue paid-up capital.
The company plans to develop an SEZ at Mundra Port and surrounding areas over 2,406.8 hectares of land which is already in its possession.
The company will raise over Rs 1910 crore for construction and development of basic infrastructure and allied facilities in the proposed SEZ, construction and development of a south basin terminal for coal and other cargo at Mundra Port, contribution towards investment in Adani Petronet (Dahej) Port Private Ltd, contribution towards investment in Adani Logistics Ltd and towards investment in Inland Container Private Ltd.
DSP Merrill Lynch, JM Financial Consultants, ENAM Securities, SSKI Corporate Finance and SBI Capital Markets are the book running lead managers.
The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
Of the issue size, 1,50,000 shares will be reserved for the employees. The net issue will constitute 10.05% of the fully diluted post issue paid-up capital.
The company plans to develop an SEZ at Mundra Port and surrounding areas over 2,406.8 hectares of land which is already in its possession.
The company will raise over Rs 1910 crore for construction and development of basic infrastructure and allied facilities in the proposed SEZ, construction and development of a south basin terminal for coal and other cargo at Mundra Port, contribution towards investment in Adani Petronet (Dahej) Port Private Ltd, contribution towards investment in Adani Logistics Ltd and towards investment in Inland Container Private Ltd.
DSP Merrill Lynch, JM Financial Consultants, ENAM Securities, SSKI Corporate Finance and SBI Capital Markets are the book running lead managers.
The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
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