Hem Securities has advised investors to ‘Avoid’ initial public offering of Gujarat Pipavav Port.

“The company is bringing the issue at price band of Rs 42-48 per share. The company has posted losses consecutively from last few years. Apart from it high debt burden of company affect the financial position of company. However the industry prospects of company are very strong. But at present levels, we don’t find company an attractive destination to deploy the funds. Hence, we recommend investor to avoid the issue,” the report said.

Angel Broking has recommended investors to ‘subscribe’ to initial public offering of Gujarat Pipavav Port.

The initial public offer (IPO) of Gujarat Pipavav Port (GPPL), a developer and operator of APM Terminals Pipavav, has opened for subscription. The company aims to raise Rs 500 crore through the issue. The issue will close on August 26.

Gujarat Pipavav Port Limited IPO has raised Rs. 92.17 crore from 20 anchor investor funds allocating 2.04 cr equity shares at Rs 45 per share. The anchor investors include: HDFC MF, Tata MF, Goldman Sachs, Deutsche Securities, DSP Blackrock, Govt of Singapore, JM Financial MF, Axis MF, Credit Suisse Singapore, Canara Robeco MF, Lloyd George IM, Govt Pension Fund Global, Intl Opp Fund, PI Opp Fund, Amansa Investments among others.

Gujarat Pipavav Port (GPPL), a developer and operator of APM Terminals Pipavav port, is coming out with its Rs 500 crore public issue on August 23, 2010. Nirmal Bang has recommended subscribing to this IPO.

Investors with a three-four-year perspective can subscribe to the initial public offerof Gujarat Pipavav Port (GPPL). The strong parentage of A.P Moller-Maersk group, strategic location and fast growth in volumes, albeit on a low base are positives for this private port. The port is located on the main maritime trade routes and provides a good alternative for ships seeking to anchor at Mumbai.

Gujarat Pipavav Port Limited (GPPL), promoted by APM Terminals B. V. (the ports and terminals company of the AP Moller-Maersk group) with its subsidiaries APM Terminals Mauritius Holding Limited and APM Terminals Mauritius Limited, will tap the capital market today with a public issue of equity shares of Rs. 10 each for cash at a price band of Rs.42-48 per share aggregating Rs.500 crore (‘fresh issue’) and an offer for sale of up to 117.07 lakh equity shares by the Infrastructure Fund of India, LLC, and the India Infrastructure Fund, LLC (the “selling shareholders”) together with the fresh issue (the “issue”).

The initial public offering (IPO) of Avantha Power and Infrastructure, a part of the Gautam Thapar promoted Avantha Group, will open for subscription on October 11, 2010.

Prakash Steelage (PSL), engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes, has fixed August 25, 2010 as a listing date for its equity shares issued recently via public issue.

Making a stellar debut on the Bombay Stock Exchange, shares of leading hair oil producer Bajaj Corp on Wednesday rallied by nearly 15 per cent over their issue price to Rs 758.25 at the close of trade.

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