India's one of the largest exporters, the Gujarat based Adanis, are scripting a new story. They are coming up with India's first IPO in private sector port development. It is a leading sea port located in Kutch Gujarat. Company was incorporated as Gujarat Adani Port Limited under the Companies Act, 1956. The name of this Company was changed to Mundra Port and Special Economic Zone Limited.
PRICE BAND: RS. 400 TO RS. 440 PER EQUITY SHARE OF FACE VALUE RS. 10 EACH
THE FLOOR PRICE IS 40.0 TIMES THE FACE VALUE AND THE CAP PRICE IS 44.0 TIMES THE FACE VALUE
The objectives of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for,
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 at Mundra Port;
Contribution towards investment in Adani Petronet (Dahej) Port Private Limited;
Contribution towards investment in Adani Logistics Limited and
Contribution towards investment in Inland Container Private Limited
Technical fact sheet- A Quick look:
Public Issue Open: November 01, 2007 to November 07, 2007
Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO )
Public Issue Size: 40,250,000 Equity Shares of Rs. 10/-
Public Issue Price: Rs. 400/- to Rs. 440/- Per Equity Share of FACE VALUE Rs. 10 each. The floor price is 40.00 times the face value and the Cap Price is Rs 44.00 times the Face value.
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing At: BSE, NSE
Lead Manager(s): DSP Merrill Lynch, ENAM Financial, JM Financial, SSKI Corporate and SBI Capital
Registrar: Intime Spectrum Registry Ltd.
Rising Ascendant is Taurus with conjunction of Sun, Moon and Mars. Mercury, Saturn and Venus are in conjunction in twelfth house. Rahu is posited in fourth house. Jupiter is in its self-owned sign in eleventh house. Position of Moon and Mars will denote prosperity and improvement in company's activities. Yogakaraka Saturn is posited in twelfth house, it may expand foreign affairs as well as international trade. Mercury, being lord of second and fifth house will denote good accumulation of wealth. After December, company will attract more speculators and traders, feels Ganesha. Transiting Jupiter is in opposition from Natal Sun, Moon and Mars. Company will have better public investment over and above overseas investment. After April 2008, planetary forces will be in favor of acquiring new assets. Gaining from real estate may provide bigger amount. Mars, being lord of twelfth house is transiting over second house. Ganesha advises to be cautious about unexpected expenses regarding stored stock and machineries. The company's campaign, international relations and targets will become not easy to achieve during November 2007 to January 2008.
Ganesha wishes "MUNDRA PORT AND SPECIAL ECONOMIC ZONE LIMITED" to have better progress and fulfillment of all desired goals.
Malav A. Bhatt
The Ganeshaspeaks Team