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Incorporated in 1999, Ennore Port Limited is the developer and operator of Ennore Port, India's 12th Major Port under the Ministry of Shipping, Government of India. Their Port is the only major port to adopt the corporate form of management. Ennore Port was developed as a green field project in the east coast of India at a distance of about 20k kilometres to the north of Chennai Port.
Ennore Port was originally conceived as a satellite port to Chennai Port, primarily to handle thermal coal to meet the requirement of TNEB now known as TANGEDCO. They are promoted by the President of India, through the MoS, GoI and Chennai Port Trust (�CHPT�). The scope of the Port was expanded taking into account subsequent developments plans of the Government of Tamil Nadu to set up Liquefied Natural Gas (�LNG�), petrochem and naphtha cracker power projects.
Issue Open | February 18, 2014 - March 14, 2014 |
Security Name | Ennore Port Limited |
Security Type | |
Issue Size (Base) | Rs 500.00 Crores |
Issue Size (Shelf) | Rs [.] Crores |
Issue Price | Rs 1000 per NCD |
Face Value | Rs 1000 each NCD |
Minimum Lot size | 5 NCD |
Market Lot | 5 NCD |
Listing At | |
Credit Rating | |
Tenor | |
Series | |
Payment Frequency | |
Basis of Allotment | First Come First Serve Basis |
The company is offering tax free non-convertible bonds having face value of Rs. 1000 each with coupon rates of 8.36% to 9.00% depending on category and tenure. For category I, II and III it offers 8.36% for 10 yrs and 8.75% for 15 and 20 yrs. For category IV it offers 8.61% for 10 yrs and 9.00% for 15 and 20 years. Minimum application is to be made for 5 bonds and in multiples of 1 thereon, thereafter. Issue opens for subscription on 18.02.14 and will close on or before 14.03.14. These bonds are rated as CARE/AA and ICRA/AA (SO) by CARE and ICRA respectively indicating low credit risks.
Ennore Port Limited
P.T. Lee Chengalvaraya,
1st Flr, No 23, Rajaji Salai,
Chennai - 600001
Phone: +91 (44) 2525 1666
Email: mguna@epl.gov.in
Website: http://ennoreport.gov.in
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: eplncd@karvy.com
Website: https://linkintime.co.in/mipo/ipoallotment.html
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