Mumbai, India (PressExposure) October 07, 2008 -- Gujarat Pipavav Port Limited (the âCompanyâ), the developer and operator of Port Pipavav (the âPortâ), Indiaâs first private sector port, has filed its Draft Red Herring Prospectus with Securities and Exchange Board of India for an Initial Public Offering aggregating to Rs. 5,000 million for cash at a price to be decided through a 100% book-building process (the âIssueâ).
Port Pipavav 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 Port is a multi-user and multi-cargo port and is engaged in container and bulk handling. Railway connectivity is also provided to the Portâs customers. The Company has created extensive support infrastructure to handle the container and bulk cargo.
The Company is promoted by APM Terminals, which is one of the largest container terminal operators in the world, and is part of the A.P. MÃ¸ller MÃ¦rsk Group. APM Terminals operates 50 terminals across 31 countries.
The equity shares offered through this Draft Red Herring Prospectus of the Company 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.
Note Gujarat Pipavav Port Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed its Draft Red Herring Prospectus (âDRHPâ) with the Securities & Exchange Board of India (âSEBIâ). The DRHP is available on the website of SEBI at [http://www.sebi.gov.in;] on the website of the BRLMs at http://www.sski.co.in and http://www.kotak.com. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the DRHP filed with SEBI including the section titled âRisk Factorsâ. The Equity Shares of the Company have not been and will not be registered under the U.S. Securities Act 1933, as amended or any state securities laws in the United States. This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.
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