Gujarat Pipavav files DRHP with SEBI for 500 crore IPO
Gujarat Pipavav Port Limited, the developer and operator of Pipavav port, the country’s first private sector port, has finally filed its Draft Red Herring Prospectus (DRHP) with market regulator (SEBI) for an Initial Public Offering aggregating to Rs 500 crore for cash at a price to be decided through a 100% book-building process.
Gujarat Pipavav, promoted by SKIL Infrastructure Ltd, and the state-run Cochin Shipyard Ltd, is one of the principal gateways on the west coast of India and is located in the Saurashtra region of the state of Gujarat. The company offers container and bulk cargo operations services. It provides mainline services to Europe, United States East Coast, and Far East.
The company operates as a subsidiary of APM Terminals International B.V and the equity shares are proposed to be listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.
The Book Running Lead Managers to the Issue are IDFC-SSKI Limited and Kotak Mahindra Capital Company Limited.