Way2Wealth says to stay away from GPPL's IPO

Way2Wealth suggested avoiding IPO of Gujarat Pipavav Port (GPPL) which is open for subscription of Rs 500 crore with price tag at Rs 42-48/share which ends on August 26. GPPL has multi-cargo and multi-user operations. It has right to improve and operate APM Terminals Pipavav and related facilities until September 2028.