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GPPL shines on debut: Lists at 22% premium

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MUMBAI (Commodity Online): India’s leading private sector port operator, Gujarat Pipavav Port Ltd (GPPL) (BOM:533248) made a stellar debut on the Indian bourse today as the stock was listed at a premium of 22.3% over the issue price of Rs.46 a share.

GPPL owned by APM Terminals, the port operating arm of Danish shipping and oil conglomerate A.P. Moller-Maersk raised Rs.500 crore via initial public offering (IPO) last month.

After opening at Rs.56.10 per share on BSE, the stock price rose to Rs.58.40 in the morning trades today. The company’s IPO received overwhelming response from retail, HNIs as well as institutional buyers.
MCX GOLD.995 05 June 2012 contract was trading at Rs 28259 , up Rs. 139 . What's your view on it?
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