Flash : Allotment of Mundra Port IPO is Ready to CheckÂ
Mundra Port IPO : Mundra Port and SEZÂ the largest port based Special Economic Zone in India promoted by the Adani Group is entering the Capital Markets with an IPO.
Mundra Port IPO opens for Subscription on November 01, 2007 and the IPO will issue 40,250,000 equity shares of Rs 10 each at a Price band of Rs 400 to Rs 440 per share. The Net issue will constitute 10.1% post issue paid up capital of the company.
MPSEZ IPO Details :
Total Issue Size of the Mundra IPO is 40,250,000 Equity Shares, out of which the Employees Reservation is fixed at 150,000 equity Shares, so the Net Issue to the Public is 40,100,000 Equity Shares.
Qualified Institutional Investors Portion is at least 24,060,000 Equity Shares and Non Institutional Portion is Up to 4,010,000 Equity Shares. Retail Investors Category will be allotted Up to 12,030,000 Equity Shares out of the total issue size of the MPSEZ IPO.
Subscription of Mundra Port IPO closes on Wednesday, November 07, 2007.
Review and Analysis of Mundra Port IPO :
About Mundra Port and Special Economic Zone Limited : The company is part of the Adani Group, which operates and has interests in different industries like Power Trading,Generation of Power, Real Estate Development.
The company was incorporated as Gujarat Adani Port Limited on May 26, 1998, and commenced phased operations at Mundra Port in October 1998 with commercial operations beginning in October 2001. The Company is principally engaged in providing services like Bulk Cargo , Crude Oil Cargo, Container Cargo and other value-added port services.
Mundra Port has received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas from the Government of India on April 12, 2006 which is the first port-based multi-product SEZs in India.
In 2006, the company was awarded the title of “Best Port Authority†in the Middle East and Indian Subcontinent by
Lloyd’s List for leadership, quality of service and commitment to customers in the area of port operations.
Financials of Mundra Port and SEZ IPO :
Income from operations of the company has grown at a compound annual growth rate (“CAGRâ€) of 51.2% from Rs.1,676.7 million in fiscal 2004 to Rs. 5,797.4 million in fiscal 2007.
Net profit in the financial year 2006 stood at Rs. 737.5 million and in fiscal 2007 was Rs. 1,931.2 million based on the unconsolidated financial results of the company.
Objects of the Mundra Port and Special Economic Zone IPO :
The company intends to uses the proceeds from the MPSEZ IPO for the following purposes
• Construction and development of basic infrastructure and the allied facilities in the proposed SEZ at Mundra;
• Construction and development of a terminal for coal and other cargo at Mundra Port;
• Contribution towards investment in Adani Petronet (Dahej) Port Private Limited;
• Contribution towards investment in Adani Logistics Limited;
• Contribution towards investment in Inland Container Private Limited;
Pre-IPO Placement in Mundra Port & SEZ IPO
Four leading Private Equity firms have made an Pre-IPO placement in the company which are the ICICI Bank, IDFC, Goverment of Singapore Investment Corporation and T Rose Price Asia.
BRLM’s to the IPO
Book Running Lead Managers to the Mundra Port IPO are DSP Merrill Lynch, JM Financial Consultants, ENAM Securities, SSKI Corporate Finance and SBI Capital Markets.
Registrar for the Mundra Port & SEZ IPO is Intime Spectrum Registry Limited and Post IPO the shares are to be listed on Bombay Stock Exchange and National Stock Exchange.
For information regarding Mundra IPO Subscription details and Mundra IPO allotment status keep visiting www.bsensedaily.com regularly.
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19 comments ↓
Nicely written!
Concise nd to the point
Chance to make money!.. Chance to piggyback on the steaming Bulls.. Looking forward to see what turns up actually.
What do you suggest about the MUDRA IPO ?
when mundra ipo allotment status out
please advice
veryyyyyyyyy goodddddd
when mundra ipo allotment status out
please advice
when mundra ipo allotment status out
please advice
when mundra ipo allotment status out
please advice
Hi,
My application no is 4202655
I have not been refunded my money for MPSEZ. Any idea when will the money be refunded or whom to contact over this matter.
I applied through ICICI direct.
Regards,
Hi,
My application no is 12420827
I have not been refunded my money for MPSEZ. Any idea when will the money be refunded or whom to contact over this matter.
I applied through Hdfc securities.
Regards,
Lalitha
I have not been refunded my money for MPSEZ. what should i do to get my refund. plz tell me.
Application No. 57372086
I have not recied my refund for Mudra port, My application No. 3131932.
My wife acc has also not recieved her refund for mudra port. her application no 3131928
Patel, If you havent received the allotment through ECS then you should normally receive cheques for return payment. If not then contact the Registrar Intime Spectrum Registry.
I have not received my refund for Mudra Port IPO.
I have applied through Kotak Securities Ltd. and my application number is 12288719.
What
I have not recied my refund for Mudra port, My application No. 3131932.
My wife acc has also not recieved her refund for mudra port. her application no 3131928.
i have contacted to Registrar Intime Spectrum Registry in Baroda, and they have told me just give them a xerox of the form, depositor details etc, and will let me know after 15 to 20 days. I am asking if you there is anyone we can contact directly and asked what happened and why we have not gotten refund yet.
I have not received refund for Mundra port. Please advise what should I do.
I had send mails to Spectrum but no reply.
Contact the Registrar with Your IPO Application number and the Demat-Account Details, so they should be able to help you. if they dont respond call them up
Intime is the worst place in customer service..nobody there have a time to respond to customers complaints about the refund.
They wont reply on email, If u call them still no response..!!
anyone knows a company selling bauxite close to mundra port..
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