Published on Wed, Sep 01, 2010 at 08:37 | Source : Reuters
Updated at Wed, Sep 01, 2010 at 10:39
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Gujarat Pipavav IPO priced at Rs 46 per share
Port operator and developer Gujarat Pipavav said on Tuesday it had set the issue price for its initial public offering at Rs 46 a share, raising as much as Rs 500 crore (USD 106 million).
Port operator and developer Gujarat Pipavav said on Tuesday it had set the issue price for its initial public offering at Rs 46 a share, raising as much as Rs 500 crore (USD 106 million).
Gujarat Pipavav had set a price band of 42-48 rupees a share for the offering, which closed on Aug. 26.
The firm is majority owned by APM Terminals, the port operating arm of Danish shipping and oil conglomerate A.P. Moller-Maersk.
The Gujarat Pipavav share sale was managed by Kotak Mahindra Capital, IDFC Capital and IDBI Capital.
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