Mundra Port and Special Economic Zone has filed its papers with the Securities and Exchange Board of India for an initial public offering (IPO) 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.
With the issue proceeds 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.
DSP Merrill Lynch, JM Financial Consultants, ENAM Securities, SSKI Corporate Finance and SBI Capital Markets are the book running lead managers.Post IPO the shares are to be listed on Bombay Stock Exchange and National Stock Exchange.
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Good, i would surely apply for Mundra Port IPo. I feel this would give good returns, investing in Mundra Port and Special Economic Zone IPo would make sense.
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