Mundra Port and Special Economic Zone Limited is developer and operator of the Mundra Port, a leading sea port located in Kutch Gujrat. Mundra Port is Adani Group promoted company and has exclusive right to develop and operate Mundra Port and related facilities for 30 years starting from February 17, 2001. Mundra Port provides port services for bulk cargo, container cargo, crude oil cargo and value-added port services, including railway services.
Promoter of Mundra Port, Adani Group is a diversified group with around Rs 16,000 crore turnover. Incorporated in 1988, Adani Group is involve in businesses like commodities trading, coal mining, power trading, power generation, real estate development, agro processing and logistics, shipping and port operations.
In April 12, 2006 Mundra Port received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas, which will be the first port based multi product SEZs in India. Mundra SEZ will provide integrated infrastructure including world-class Industrial, Business, and Social infrastructure like development of Industrial plots, Commercial and Residential buildings, Schools, Colleges, Hospital, Entertainment, Sports and Recreation facilities.
Mundra Port's income has grown at a compound annual growth rate of 51.2% from Rs. 1,676.7 million in fiscal 2004 to Rs. 5,797.4 million in fiscal 2007. Company’s net profit in fiscal 2006 was Rs. 737.5 million and in fiscal 2007 was Rs. 1,931.2 million.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Construction and development of basic infrastructure and the allied facilities in the proposed SEZ at Mundra;
2. Construction and development of a terminal for coal and other cargo at Mundra Port;
3. Contribution towards investment in Adani Petronet (Dahej) Port Private Limited;
4. Contribution towards investment in Adani Logistics Limited and
5. Contribution towards investment in Inland Container Private Limited.
»» Issue Open: Nov 1, 2007 - Nov 7, 2007
»» Issue Type: Book Built Issue IPO
»» Issue Size: 40,250,000 Equity Shares of Rs 10 aggregating up to Rs 1,771.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 400 - Rs 440 Per Equity Share
»» Market Lot: 15 Shares
»» Minimum Order Quantity: 15 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved|
|Day 1 - Nov 1, 2007 17:00 IST||6.6524||6.9202||0.0211||0.0000||4.6700|
|Day 2 - Nov 2, 2007 17:00 IST||8.0313||6.9390||0.2561||0.0000||5.5700|
|Day 3 - Nov 5, 2007 17:00 IST||10.8377||7.0179||0.9377||0.0000||7.4600|
|Day 4 - Nov 6, 2007 17:00 IST||33.2981||10.4901||2.7608||0.0167||21.7700|
|Day 5 - Nov 7, 2007 17:00 IST||159.5971||156.4517||16.1941||2.3505||115.8400|
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