Gujarat Pipavav IPO price band 42-48 rupees/share

MUMBAI Aug 18 (Reuters) - Indian port operator and developer Gujarat Pipavav said on Wednesday it had set a price band of 42 rupees to 48 rupees for its initial public offering to raise as much as 5 billion rupees ($107.3 million).

The offering, which is being managed by Kotak Mahindra Capital, IDFC Capital and IDBI Capital, will open on Aug. 23 and close on Aug. 26. [ID:nSGE67G07L] ($1=46.6 rupees) (Reporting by Sumeet Chatterjee)