SME Times is powered by   
Search News
Just in:   • US stocks rally amid trade optimism, economic data  • HDFC Bank's Q3 net profit up 20%  • Centre may miss divestment, fiscal deficit targets  • CII suggests measures to help MSME sector  • Imran Khan seeks expedition of CPEC projects 
Last updated: 26 Sep, 2014  

Pipavav.9.THmb.jpg Gujarat Pipavav Port plans to raise Rs 500cr via IPO

Port generic
   Top Stories
» Centre may miss divestment, fiscal deficit targets
» CII suggests measures to help MSME sector
» FICCI for housing scheme for women garment workers
» India's debt up 50% to Rs 82 lakh cr under Modi govt
» Big relief to startups, investors as govt liberalises norms
SME Times News Bureau | 04 Jan, 2010
Private port developer and operator Gujarat Pipavav Port Ltd (GPPL) filed draft papers with the capital market regulator Securities and Exchange Board of India (SEBI) with its plan to raise nearly Rs 500 crore through an initial public offer (IPO).

GPPL, as per the Draft Red Herring Prospectus (DRHP) filed with the SEBI, is also considering a pre-IPO placement with various investors.

"We are hopeful to hit the market by the end of the current fiscal subject to regulatory approvals," said GPPL General Manager(Communications) Bhuvana Ramalingam as reported by a news agency in New Delhi on Monday.

According to the company, Rs 300 crore of the IPO proceeds will be utilised for prepayment of loans, Rs 88.52 crore for investment in capital expenditure and Rs 31.08 crore towards investment in capital equipment among others.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Jan, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» HostBooks Ltd. offers a seamless GST filling experience: Kapil Rana(3)
» CII welcomes GST Council steps as MSME friendly(1)
» Hyperloop start-up Arrivo to shut down: Report(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter