Incorporated in 2001, Gammon Infrastructure Projects Limited ('GIPL'), is an infrastructure project development company promoted by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership ("PPP") basis. GIPL is among the first company in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.
GIPL currently undertake and development of infrastructure projects on PPP basis across sectors such as Roads & Expressways, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure.
GIPL is present in the following areas of Infrastructure development:
- Project Development
- Project Advisory
- Sector Specific Operations & Maintenance
Currently infrastructure project development business includes thirteen projects, of which four are already in the operations phase, five are in the development phase and four are in the pre-development phase.
Objects of the Issue:
- The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
- To contribute to a part of the investment required by KBICL, subsidiary formed for design, construction, finance & maintenance of 1.8 kilometer long four-lane bridge across river Kosi;
- To contribute to a part of the investment required by GICL, subsidiary formed for design, construction, finance & maintenance of 32 kilometer long four-lane bypass to Gorakhpur town on NH-28 in the state of Uttar Pradesh;
- To contribute to a part of the investment required by SHPVL, subsidiary formed for developing the Rangit-II hydroelectric power project in the state of Sikkim;
- Infusion of funds into MNEL, subsidiary formed for the four-laning of the 99.5 kilometers Vadape-Gonde section (between Mumbai and Nasik)
- Meet general corporate purposes;
- Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
Gammon Infrastructure Projects Limited IPO Information
»» Public Issue Open: March 10, 2008 to March 13, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 16,550,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 167/- to Rs 200/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: SSKI Corporate Finance Pvt Ltd & Macquarie India Advisory Services Pvt Ltd.
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-022-2596 0320 Email: gipl.ipo@intimespectrum.com)
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