On 27 November 2007
Mundra Port and Special Economic Zone will list on exchanges on Tuesday, 27 November 2007. The company had fixed the IPO price at the top end of the Rs 400-440 price band.
At the IPO price of Rs 440, the PE multiple works out to 93.61, based on the year ended March 2007 anualised EPS of Rs 4.7.
The Mundra Port had IPO ended on 8 November 2007 with 115.84 times subscription. It received total bids for Rs 466.24 crore shares as against the issue size of 4.02 crore shares.
The qualified institutional buyers (QIBs) category was subscribed 159.59 times. The non institutional investors category, made up of corporates and high net investors, was subscribed 156.45 times. The retail investors category was subscribed 16.19 times.
Net issue to public comprises 4,01,00,000 shares constituting 10.05 per cent of fully diluted post issue capital.
Mundra Port plans to use proceeds of the issue to part finance construction and development of basic infrastructure and the allied facilities in the proposed SEZ at Mundra; construction and development of a terminal for coal and other cargo; contribution towards investment in Adani Petronet (Dahej) Port; contribution towards investment in Adani Logistics and contribution towards investment in Inland Conware.