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Gammon Infrastructure Projects Ltd IPO (Gammon Infra IPO) Detail

Mar 10, 2008 - Mar 13, 2008

Incorporated in 2001, Gammon Infrastructure Projects Limited ('GIPL'), is an infrastructure project development company promoted by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership ("PPP") basis. GIPL is among the first company in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.

GIPL currently undertake and development of infrastructure projects on PPP basis across sectors such as Roads & Expressways, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure.

GIPL is present in the following areas of Infrastructure development:

Project Development
Project Advisory
Sector Specific Operations & Maintenance

Currently infrastructure project development business includes thirteen projects, of which four are already in the operations phase, five are in the development phase and four are in the pre-development phase.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To contribute to a part of the investment required by KBICL, subsidiary formed for design, construction, finance & maintenance of 1.8 kilometer long four-lane bridge across river Kosi;
2. To contribute to a part of the investment required by GICL, subsidiary formed for design, construction, finance & maintenance of 32 kilometer long four-lane bypass to Gorakhpur town on NH-28 in the state of Uttar Pradesh;
3. To contribute to a part of the investment required by SHPVL, subsidiary formed for developing the Rangit-II hydroelectric power project in the state of Sikkim;
4. Infusion of funds into MNEL, subsidiary formed for the four-laning of the 99.5 kilometers Vadape-Gonde section (between Mumbai and Nasik)
5. Meet general corporate purposes;
6. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

Gammon Infra IPO Details

IPO Opening Date Mar 10, 2008
IPO Closing Date Mar 13, 2008
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹167 to ₹200 per equity share
Market Lot 35 Shares
Min Order Quantity 35 Shares
Listing At BSE, NSE
Issue Size16,550,000 Eq Shares of ₹10
(aggregating up to ₹276.39 Cr)

Gammon Infra IPO Lot Size

The Gammon Infra IPO market lot size is 35 shares. A retail-individual investor can apply for up to 28 lots (980 shares or ₹196,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 35 ₹7,000
Maximum 28 980 ₹196,000

IPO Notices

External Link

GIPL IPO payment options

1. Payment Method - 1 (Partial payment option)

Even though the issue price of the GIPL IPO is in between of Rs 167/- to Rs 200/- per equity share, investor are allowed to pay a partial amount Rs 50 Per Equity share at the time of bidding.

Below are few facts and highlights of partial payment option:

  1. Only Retail Individual Bidders and Non-Institutional Bidders are eligible for this method QIBs cannot submit a bid under this Payment Method.
  2. While bidding, the Bidder shall make a payment of Rs. 50 per Equity Share, irrespective of the Bid Price. Investors should note that the total Bid Amount will be used to determine whether a Bid is in the Retail Individual category, Non-Institutional category or not, and not the amount payable on submission of Bid-Cum-Application Form.
  3. At the time of allotment:
    • If the amount paid by the Bidder is equal to or higher than the total amount payable (being the Issue Price multiplied by the number of shares allotted) by the Bidder on the Equity Shares allotted to the Bidder, company reserve the right to adjust the excess amount towards the Balance Amount Payable and issue fully paid Equity Shares only. The excess amount, if any, after adjusting the Balance Amount Payable shall be refunded to the Bidder (i.e., Refund = Total amount paid on bidding minus the total amount payable on the shares allotted).
    • If the amount paid by the Bidder is less than the total amount payable by the Bidder (being the Issue Price multiplied by the number of shares allotted) on the Equity Shares allotted to the Bidder, company reserve the right to adjust the excess of the amount received from the Bidder over the Amount Payable on Submission of Bid-cum-Application Form towards the Balance Amount Payable and issue a Call Notice for the balance.
    • The notice of the Balance Amount Payable will be published in two widely circulated newspapers (one each in English and Hindi) and a regional newspaper along with the statutory advertisement for the Basis for Allotment.
  4. Equity Shares in respect of which the Balance Amount Payable remains unpaid may be forfeited, at any time after the Due Date for Balance Amount Payable.

Partial payment options advantages and disadvantages:

  1. If the amount paid is less then the total amount of shares allocated, the allocated shares will remain locked until investor pays the balance amount. This means investor may not sell the shares on listing day and get benefited from listing day gains.
  2. There will not be any difference in share allocation process for different payment type. All the valid application received will be considered for IPO Allotment irrespective of payment type chosen.

2. Payment Method - 2 (Full payment option)

This is the standard method of bid payment where investor pay full amount at the time of submitting the bid.

Below are few facts and highlights of this payment option:

  1. Bidders under any category can choose this method.
  2. While bidding, the Bidder shall have to make the full payment (Bid Amount multiplied by number of Equity Shares bid) for the equity shares bid. Bidders in QIB category will be required to make payment of 10% of the Bid Amount multiplied by the number of Equity Shares bid, with the balance being payable on allocation but before allotment.

Gammon Infra IPO Subscription Status (Bidding Detail)

The Gammon Infra IPO is subscribed 3.48 times on Mar 13, 2008 17:00. The public issue subscribed 1.09 in the retail category, 5.17 in the QIB category, and 3.78 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Gammon Infra IPO Prospectus

Gammon Infra IPO Rating

262
3.1
Rating:Rated 3.1 stars
Vote Here ...

Gammon Infra IPO Listing Date

Listing Date Thursday, April 3, 2008
BSE Script Code 532959
NSE Symbol GAMMNINFRA
Listing In B Group of Securities
ISIN INE181G01025
IPO Price ₹167 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹167.00
₹180.00
₹147.60
₹180.00
₹157.90
NSE
₹167.00
₹170.00
₹147.00
₹185.00
₹158.15

Company Contact Information

Gammon Infrastructure Projects Ltd
Gammon House,
Veer Savarkar Marg,
Prabhadevi, Mumbai 400 025, India
Phone: +91-22-6661 4000
Email: gipl_compliance@gammonindia.com
Website: http://www.gammoninfra.com

Gammon Infra IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: gipl.ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Gammon Infra IPO Reviews / Ratings

  • Angel Broking - Avoid
  • Asit C. Mehta Investment Intermediates Ltd - Avoid
  • Keynote Capitals Ltd - May apply
  • KR Choksey Securities Ltd - Avoid
  • Smart Investments Ltd - May apply
  • S P Tulsian - Avoid

Gammon Infra IPO FAQs

Gammon Infra IPO is a main-board IPO of 16,550,000 equity shares of the face value of ₹10 aggregating up to ₹276.39 Crores. The issue is priced at ₹167 to ₹200 per equity share. The minimum order quantity is 35 Shares.

The IPO opens on Mar 10, 2008, and closes on Mar 13, 2008.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Gammon Infra IPO opens on Mar 10, 2008 and closes on Mar 13, 2008.

Gammon Infra IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

You can apply in Gammon Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gammon Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gammon Infra IPO allotment status.

The Gammon Infra IPO listing date is on Thursday, April 3, 2008.

Gammon Infra IPO Message Board

Ranked Members  Ranked Members

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179. MANISH MEHTA |Aug 1, 2008 09:59
sub--NON RECIPT OF REFUND FOR THE APPLICATION NUMBER-34283052 MANISH MEHTA ISSUE-GAMMON INDIA

REMINDER--4

SIR

IN CONNECTION TO ABOVE AND WITH TELEPHONIC CONVERSATION WITH YOUR MR. ABDULLA ,MS RUPALI AND MR. SNEHEL TILL DATE MATTER IS NOT RESOLVED AT YOUR END RELATED DOCUMENTS IS ALREADY SENT TO YOU BY REGISTERED POST 21/5/08 AND AGAIN FAXED ON 13/6/08. NOW I FAILED TO UNDERSTAND WHY TILL DATE REFUND IS NOT SENT TO ME.NOW HOPE AFTER THIS REMINDER MAIL YOU DESPATCH THE REFUND WITHOUT ANY FURTHER DELAY.PLEASE ALSO TELL ME DUE TO WRONG FEEDING OF DATA I AM UNABLE TO GET THE REFUND AND WHO IS RESPONSIBLE FOR THIS I HOPE YOU FIND UP THE FAULTY PERSON WHO DO THIS AND YOU GIVE ME COMPENSATION FOR THE SAME.

RGARDS
MANISH MEHTA
S/O SH.NAND KISHORE
HNO.727 SECTOR-1 ROHTAK
APPLICATION NUMBER-34283052
DMAT-IN303108-10032547

178. doss |Jun 2, 2008 11:32
i have not paid the balance amount in due date. but now i have paid with interest. when i will receive fully paid shares in my demat account
177. Arvind |May 15, 2008 11:36
Hi All,
I checked..I hav the Fully paid shares in my demat now..a great relief after a 40 days tension...those fully paid guys...check the demat accounts..
Thanks,
Arvind
176. Amit |May 14, 2008 21:47
Thank's god, i got fully paid shres credited in my account. Friends don't wait for long term benifits atleast u can book small profit this time
175. vishy |May 14, 2008 19:31
Dear all

i made the payment last month and today i have recieved the shares in my DP account.
174. kapil |May 14, 2008 09:49
hii Arvind..

i hve checked, those are fully paid shares..
i paid the rest amount on 18 april...

regards
kapil guptga
173. Chotu |May 13, 2008 16:26
Hi Aravind,
Thanks for your reply. i will do that as per suggetion.


-Chotu
172. Arvind |May 13, 2008 15:39
Hi Kapil,
Congrats...can you tell us when did u make the Full payment, date in Apr 08. As u got the shares in ur account. Check if it is partly shares or full shares.
Thanks,
Arvind
171. Arvind |May 13, 2008 15:37
Hi Chotu,
See u have paid 5250 for 105 shares in the first cycle. The remaining amount 12285 needs to be paid to the HDFC Bank Account. You must have received a letter from Intime Spectrum for the same.
Send a mail to - 'info@gammoninfra.com' & 'gipl_compliance@gammonindia.com' or 'gipl.ipo@intimespectrum.com'. Ask them the procedure they might help you.
Thanks,
Arvind
170. Chotu |May 13, 2008 12:14
Hi Aravind/Dinesh M. Saini/PRAMOD/All,

Plz let me know the payment procedure to make the full payment.

-Chotu
169. Pradeep |May 12, 2008 10:32
Hi,
I checked ICICI demat account it still does not show the allocation. Any luck for others ?

Pradeep
168. kapil |May 11, 2008 00:34
hi all...

atlast i have received the fully paid shares on friday...
guys, do check ur demat accounts also else do talk to the registrar....

regards
kapil gupta
167. Tarun Agrawal |May 7, 2008 09:04
I HAD PAID THE BALANCE AMOUNT. PLEASE TELL ME. WHEN WILL THE PARTLY PAID SHARES WILL COME IN TO MY ACCOUNT.
166. Arvind |May 6, 2008 17:52
I sent a mail to spectrum, they told that "On confirmation of receipt of your balance allotment money payment, these partly paid up shares will be converted into fully paid up within 15 - 20 working days from the said date". Got this reply from them.
Please mail to below mail id's and ask them the status...something wrong is going here..we have to raise our voice..
- 'gipl.ipo@intimespectrum.com'
- 'isrl@intimespectrum.com'
- 'ipo.helpdesk@intimespectrum.com'
Thanks,
Arvind. Contact them asap.
165. vishy |May 5, 2008 20:04
hi

has anyone got the shares activated in their account? i have applied through part payment and has made the remaining amount long back.. but the shares are not being activated in my account..
has anyone got any idea..plz share.

has anyone spoke to the registrar???
164. TAJINDER |May 4, 2008 23:09
WHEN WILL THE PARTLY PAID SHARES WILL COME IN TO MY ACCOUNT, I HAD PAID THE BALANCE AMOUNT. PLEASE TELL ME.
163. TAJINDER |Apr 30, 2008 22:57
Please let me know whom to contact now as I have made the Partial payment 20 days back, till now shares are not reflecting in my account. Whom do we go for this query
162. Arvind |Apr 30, 2008 14:47
Please let me know whom to contact now as I have made the Partial payment 20 days back, till now shares are not reflecting in my account. Whom do we go for this query
161. doss |Apr 30, 2008 12:09
1.5.2008 is working day or not for market
160. PRAMOD |Apr 29, 2008 11:33
I HAVEBEEN ALLOTTED 70 SHARES IN PARTIAL PAYMENT MODE & I COULD NOT PAY REST AMOUNT WITHIN PRESCRIBED TIME .HOW I WILL CALCULATE THE INTEREST RATE TO PAY THE REST AMOUNT