Adanis plan Rs 1,500 cr IPO
The IPO is expected to hit the capital market between last week of May and first week of June.
By Nimish Shukla, TNN |
AHMEDABAD: The capital markets will soon witness one more high-profile initial public offer with Mundra Port and Special Economic Zone Ltd (MPSEZL), an Adani group company, filing draft prospectus with Sebi.
Although the numbers of equity shares and valuation of the IPO has to be decided in consultation with merchant bankers, it is learnt that the issue size of the company would be around Rs 1,500 crore. Sources said the company on Tuesday filed a draft red-herring prospectus with Sebi. The IPO is expected to hit the capital market between last week of May and first week of June.
The Adani group has appointed five merchant bankers as their lead managers to the issue — DSP Merrill Lynch, JM Morgan Stanley, SSKI, Enam and SBI Caps. Sources said MPSEZL is the first company from SEZ and port sector to hit the capital market. The proceeds of the issue would be utilised for the further development of Mundra port and SEZ.
Although the numbers of equity shares and valuation of the IPO has to be decided in consultation with merchant bankers, it is learnt that the issue size of the company would be around Rs 1,500 crore. Sources said the company on Tuesday filed a draft red-herring prospectus with Sebi. The IPO is expected to hit the capital market between last week of May and first week of June.
The Adani group has appointed five merchant bankers as their lead managers to the issue — DSP Merrill Lynch, JM Morgan Stanley, SSKI, Enam and SBI Caps. Sources said MPSEZL is the first company from SEZ and port sector to hit the capital market. The proceeds of the issue would be utilised for the further development of Mundra port and SEZ.
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