Indian port operator and developer Gujarat Pipavav Port Ltd on Thursday listed at Rs56.25 on the BSE, a premium of 22.3% to its issue price of Rs46 a share.
The firm is majority-owned by APM Terminals, the port operating arm of Danish shipping and oil conglomerate AP Moller-Maersk.
The $106 million Gujarat Pipavav share sale was managed by Kotak Mahindra Capital, IDFC Capital and IDBI Capital.
At 9.02am, shares of Gujarat Pipavav were trading at Rs56.5 in the Mumbai market.
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