Mundra Port SEZ IPO : likely on 1st November

Mundra Port SEZ IPO is expected to hit the equity markets on November 1st. SEBI on Wednesday cleared the Mundra Port SEZ (MPSEZL) IPO which is promoted by the Adani Group.

Mundra Port IPO size is around Rs 1,500 crore and the issue price of the IPO is not yet finalised. The company will issue 4.02 crore equity shares of Rs 10 each.

According to the market sources, the Mundra Port IPO is expected to start on November 01,2007 and the issue prices would in the range of Rs 380 per share.

Mundra Port SEZ is the largest port based special economic zone in India and promoted by the Adani Group.The 10,000-hectare Mundra Port SEZ will include industrial, business, and social infrastructure including industrial plots and recreation facilities.