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IPO Details


Gujarat Industries Power Co Ltd
Registered Office: P O Ranoli, , Vadodara - 391350, Gujarat
Phone: 91-0265-2232768
Email: genbaroda@gipcl.com
Website: www.gipcl.com
Public Issue of 40,441,176 Equity Shares of Rs. 10/- each for cash at a price of Rs. 68 per Equity Share aggregating to Rs. 275 crores (the Issue'), consisting of a Fresh Issue of 40,441,176 Equity shares of Rs. 10/- each by Gujarat Industries Power Company Limited (the Company' or Issuer'). The Issue comprises of 11,029,411 Equity Shares of Rs. 10/- each reserved for participation by one of the Promoter Company viz. Gujarat Alkalies and Chemicals Limited, and one of the Promoter Group Company viz. Gujarat State Electricity Corporation Limited, in the Issue at a price of Rs. 68 aggregating Rs. 75 crores and reservation for Employees of 400,000 Equity Shares of Rs. 10/- each, at a price of Rs. 68 each aggregating to Rs. 2.72 crores. The Net Issue to the Public is of 29,011,765 Equity Shares of Rs. 10/- each at a price of Rs. 68 aggregating Rs. 19.73 crores (the Net Issue'). The Issue would constitute 26.74 % of the fully diluted post issue paid up Equity Capital of the Company.
Issue Money Payable On
Opens On Closes On Application Allotment
13-Oct-2005 19-Oct-2005 68.00 0.00
Minimum Application for shares in Nos : 90 Further Multiples of : 90
()Cr. Lead Managers to the Issue
Project Cost 1,448.00 Allianz Securities Ltd
Project Financed through Current Offer 275.00
Post Issue Equity Share Capital 151.25
Issue Price 68.00
Projects
Expn. by setting 250MW(+20%) Lignite T.Power Plant
Promoted By
Gujarat Urja Vikas Nigam Ltd
Guj St Fert&Chem Ltd (GSFC)
Guj Alk & Chem Ltd (GACL)
Listing At
BSE
NSE
Vadodara
Registrar to the Issue
Karvy Computershare Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 0.00 (0.00%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

18,013.98 440.68 (2.51%)

HANG SENG

18013.16 353.14(2.00%)