Gujarat Pipavav Port Limited IPO issue opens on Monday the 23rd of August and closes for QIB’s on Wednesday the 25th of August and for all other bidders on Thursday the 26th of August. The issue comprises of a fresh issue and an offer for sale by existing private equity investor. The issue size is Rs 510 crs plus the offer for sale of 1,17,07,369 shares. There is a reservation for employees of Rs 10 crs which would make the net offer to the public as Rs 500 crs.

The issue price band is Rs 42-48 which makes the total shares on offer including employee and offer for sale as 13,31,35,940 shares at the lower band making the issue size as Rs 559.17 crs. Similarly at the top end of the band the number of shares would be 11,79,57,369 shares valuing the issue at Rs 566.19 crs.

The pre issue capital is 31,48,64,019 shares which after the IPO would make a market cap between Rs 1832 crs at the lower band and Rs 2021 crs at the upper band. The promoters of the company are the APM group or the AP Moller and Maersk group from Holland.