Mundra Port and Special Economic Zone is expected to list on Tuesday, according to an official of the lead manager to the company's public issue.
The company raised around Rs 1,770 crore from the capital market. The IPO was subscribed over 115 times, with 463.67 crore bids received against the 4.03 crore shares on offer, according to NSE website. The issue price was priced at Rs 440 per share.
The company plans to use the proceeds to part finance construction and development of basic infrastructure and allied facilities at the proposed SEZ at Mundra, and construction and development of a terminal for coal and other cargo at Mundra Port. The funds will also be invested in Adani Petronet (Dahej) Port Pvt Ltd, Adani Logistics Ltd and Inland Conware Pvt Ltd.
The port is located 70 km from Bhuj airport and includes road, sea links and all weather multi-purpose terminals. It is principally engaged in providing port services for bulk cargo, container cargo, crude oil cargo and value- added port services, including railway services. It also generates income from land related and infrastructure activities.
The company raised around Rs 1,770 crore from the capital market. The IPO was subscribed over 115 times, with 463.67 crore bids received against the 4.03 crore shares on offer, according to NSE website. The issue price was priced at Rs 440 per share.
The company plans to use the proceeds to part finance construction and development of basic infrastructure and allied facilities at the proposed SEZ at Mundra, and construction and development of a terminal for coal and other cargo at Mundra Port. The funds will also be invested in Adani Petronet (Dahej) Port Pvt Ltd, Adani Logistics Ltd and Inland Conware Pvt Ltd.
The port is located 70 km from Bhuj airport and includes road, sea links and all weather multi-purpose terminals. It is principally engaged in providing port services for bulk cargo, container cargo, crude oil cargo and value- added port services, including railway services. It also generates income from land related and infrastructure activities.
--
Source: ET
Source: ET
No comments:
Post a Comment