Friday, February 29, 2008

Gammon Infrastructure Projects Limited IPO opens for subscription on 10th of March 2008

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 companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.

Today, GIPL leads Gammon's forays into 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


Objects of the issue :

* To contribute to a part of the investment required by KBICL, its subsidiary formed for design, construction, finance & maintenance of 1.8 kilometer long four-lane bridge across river Kosi including 8.2 kilometers long approach roads and Guide bund & Afflux bund on NH-57 in the Supaul district of Bihar.
* To contribute to a part of the investment required by GICL, its 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, its subsidiary formed for developing the Rangit-II hydroelectric power project in the state of Sikkim;
* Infusion of funds into MNEL, our subsidiary formed for the four-laning of the 99.5 kilometers Vadape - Gonde section (between Mumbai and Nasik) of NH 3 on BOT basis
* General Corporate Purposes and investment in strategic initiatives and acquisitions.


* Open - 10 March
* Close - 13 March
* Issue Type -100% Book Building Issue
* Issue Size - 16,550,000 Equity Shares of Rs. 10/-
* Issue Price - Rs 167/- to Rs 200/- Per Equity Share
* Maximum Subscription Amount for Retail Investor: Rs 100,000/-
* Listing - BSE, NSE
* Lead Manager - Sski Corporate Finance Private Limited & Macquarie India Advisory Services Private Limited
* Registrar - Intime Spectrum Registry Ltd
* Phone - 0-22-2596 0320
* Email - gipl.ipo@intimespectrum.com
* Website - www.intimespectrum.com

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