MUNDRA PORT AND SPECIAL ECONOMIC ZONE LTD - IPO
Type of Issue : Book Built
Issue Opens: 01 November, 2007
Issue Closes: 07 November, 2007
Expected Refund Date: 24 November, 2007
Issue Size : 40,250,000 (No. of Shares))
Lower Price Band: Rs.400
Upper Price Band: Rs.440
Total Issue Size: Rs.1,771 Crores
Application Multiple: 15 and in multiples there off starting with at least 15 shares.
Maximum Shares: 225(for Retail)
Information URL : http://www.portofmundra.com/
Prospectus URL : http://www.sebi.gov.in/dp/mudradraft1.pdf
Company Details :
Address : ADANI HOUSE, NEAR MITHAKHALI SIX ROADS, NAVRANGPURA, AHMEDABAD - 380 009.
Email : dshah@adanigroup.com
Contact Details: 917926565555 /917926565500 (fax)
ISSUE Description:
Mundra Port and Special Economic Zone Ltd (MPSEZ) is one of the leading commercial private sector ports in India. It provides port services for bulk cargo, container cargo, crude oil cargo, and value-added port services, including railway services.
The company was promoted by Adani Port Ltd. and Gujarat Port Infrastructure Development Company Ltd., an undertaking of the Gujarat government. In 2006, MPSEZ received approval from the Central government as a developer of a multi-product SEZ at Mundra and the surrounding areas.
It has received an exclusive right to develop & operate Mundra Port and a related facility till February 2031 and is one of the first port-based multi-product SEZs in India.
MPSEZ had one of the deepest water draft on the west coast of India and id well connected by rail, road and pipeline to the transportation network of India, particularly the inland region of western and northern India.
Being a SEZ company, it enjoys various benefits including concessions, tax benefits and exemptions.
Diverse cargo handling, expansion of port service, investment in new locations, acquiring new customers, providing logistic services, strategic locations and venturing into other areas of business will enable the company to scale up its operations.
Key Financials for the year ended 31st March 2007
Revenue Rs.5961.20Mln PAT Rs.1921.10Mln
EPS Rs.5.33 RoNW 25.70%
Objects of the issue:
a) Construction development of basic infrastructure and the allied facilities in the proposed SEZ at Mundra (“ SEZ Project”)
b) Construction and development of a terminal for coal and other cargo in the vicinity of power projects at Mundra Port (“Coal Terminal”)
c) Contribution towards investment in Adani Petronet (Dahej) Port Private Limited (“APPPL”)
d) Contribution towards investment in Adani Logistics Limited (“ALL”)
e) Contribution towards investment in Inland Conware Private Limited
Recommendation
MPSEZL is one of the first port-based multi-product SEZs in India. Excellent Investment Opportunity, apply aggressively.
Issue Opens: 01 November, 2007
Issue Closes: 07 November, 2007
Expected Refund Date: 24 November, 2007
Issue Size : 40,250,000 (No. of Shares))
Lower Price Band: Rs.400
Upper Price Band: Rs.440
Total Issue Size: Rs.1,771 Crores
Application Multiple: 15 and in multiples there off starting with at least 15 shares.
Maximum Shares: 225(for Retail)
Information URL : http://www.portofmundra.com/
Prospectus URL : http://www.sebi.gov.in/dp/mudradraft1.pdf
Company Details :
Address : ADANI HOUSE, NEAR MITHAKHALI SIX ROADS, NAVRANGPURA, AHMEDABAD - 380 009.
Email : dshah@adanigroup.com
Contact Details: 917926565555 /917926565500 (fax)
ISSUE Description:
Mundra Port and Special Economic Zone Ltd (MPSEZ) is one of the leading commercial private sector ports in India. It provides port services for bulk cargo, container cargo, crude oil cargo, and value-added port services, including railway services.
The company was promoted by Adani Port Ltd. and Gujarat Port Infrastructure Development Company Ltd., an undertaking of the Gujarat government. In 2006, MPSEZ received approval from the Central government as a developer of a multi-product SEZ at Mundra and the surrounding areas.
It has received an exclusive right to develop & operate Mundra Port and a related facility till February 2031 and is one of the first port-based multi-product SEZs in India.
MPSEZ had one of the deepest water draft on the west coast of India and id well connected by rail, road and pipeline to the transportation network of India, particularly the inland region of western and northern India.
Being a SEZ company, it enjoys various benefits including concessions, tax benefits and exemptions.
Diverse cargo handling, expansion of port service, investment in new locations, acquiring new customers, providing logistic services, strategic locations and venturing into other areas of business will enable the company to scale up its operations.
Key Financials for the year ended 31st March 2007
Revenue Rs.5961.20Mln PAT Rs.1921.10Mln
EPS Rs.5.33 RoNW 25.70%
Objects of the issue:
a) Construction development of basic infrastructure and the allied facilities in the proposed SEZ at Mundra (“ SEZ Project”)
b) Construction and development of a terminal for coal and other cargo in the vicinity of power projects at Mundra Port (“Coal Terminal”)
c) Contribution towards investment in Adani Petronet (Dahej) Port Private Limited (“APPPL”)
d) Contribution towards investment in Adani Logistics Limited (“ALL”)
e) Contribution towards investment in Inland Conware Private Limited
Recommendation
MPSEZL is one of the first port-based multi-product SEZs in India. Excellent Investment Opportunity, apply aggressively.
posted by Sensex-Blog Admin at 12:05 PM
1 Comments:
the PAT against revenue is only 32% and if it dvided by total isue size will come to 47.726rs. per share so for an individual share the profit is only 47.72 rs after investing 440rs. that means after investing 440rs. the invidual get only 10% per year = 1% per month after profit means only 1rs. dividend and this project is for future calculation so if we consider that the profit will goes 10times next year then only will get 10 rs. dividend for a year that means total 30% benefit in 2 years. So is it advisable to invest in this company............??????????????
ya if you want to play in share market then it's very good because for this market condition it will defenatly listed on almost 580-680rs. and if we see the future this concept is useful for growth of a country..........
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