The mega public issue of Gujarat State Petroleum Corporation(GSPC) will possibly hit the market in middle of June. The company is likely to raise about Rs 4,000 crore from the issue.
GSPC will utilize Rs 1,280 crore from the issue to develop Din Dayal West field in the Krishna Godavari basin. Rs 1,220 crore for retiring debt and Rs 566 crore for exploration and development in 2011.
According to sources, the price band per share could be between Rs 85 to Rs 95.