After receiving overwhelming response to public issue, Mundra Port and Special Economic Zone, India's largest non-government cargo terminal, will list on the bourses on November 27, 2007. The offer price has been fixed at Rs 440 per share.
The company had entered capital market with an IPO of 40.25 million shares and got subscribed 115.84 times.
Public issue of Mundra Port has seen commitment for bids worth USD 51.5 billion and QIBs applied for USD 42.83 billion worth of shares. Total amount of money received in IPO was at USD 13 billion as against actual issue size of USD 450 million.
The Adani Group, founder of Mundra Port, has interests in commodities trading, coal mining, power generation, real estate development and agriculture processing.
Source: Moneycontrol.com
Monday, November 26, 2007
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