Mundra Port and Special Economic Zone, India's largest non-government cargo terminal, has listed at Rs 770, a premium of 75% over its offer price of Rs 440 and touched a high of Rs 1050 on the NSE.
The company had entered capital market with an IPO of 40.25 million shares and got subscribed 115.84 times.
Public issue of Mundra Port has seen commitment for bids worth USD 51.5 billion and QIBs applied for USD 42.83 billion worth of shares. Total amount of money received in IPO was at USD 13 billion as against actual issue size of USD 450 million.
The Adani Group, founder of Mundra Port, has interests in commodities trading, coal mining, power generation, real estate development and agriculture processing.
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