Incorporated in 1950, Shipping Corporation of India Ltd (SCI) is India’s largest shipping companies handling around 35% of market share. SCI holds “Navratna” status. Shipping Corporation of India owns a fleet of 74 vessels of 5.11 million dead weight tonnage (DWT) and has ordered 29 vessels which will be operational in next 3 years.
SCI's fleet includes dry bulk carriers, very large crude carrier (VLCC) tankers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, phosphoric acid and chemical carriers, LPG and ammonia carriers, and offshore supply vessels.
SCI's customers are primarily comprised of Government agencies, large industrial concerns, international oil companies and public sector undertakings.
The promoters of the company is the President of India, acting through the Ministry of Shipping, Government of India (GoI).
Present paid-up Equity Share capital of GoI - 80.12%.
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax (PAT)||3,934||9,595||7,546||10,161||11,166|
The object of the issue is to carry out the divestment of 42,345,365 Equity Shares by the Selling Shareholder. The proceedings from this issue will be used to:
1. Part funding the equity portion for the acquisition of certain vessels; and
2. General corporate purposes.
»» Issue Open: Nov 30, 2010 - Dec 3, 2010
»» Issue Type: 100% Book Built Issue FPO
»» Issue Size: 84,690,730 Equity Shares of Rs. 10
»» Issue Size: Rs. 1,164.73 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 135 - Rs. 140 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
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|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||42,133,638||12,640,091||29,493,547||423,454||84,690,730|
|Day 1 - Nov 30, 2010 17:00 IST||0.6800||0.0000||0.0500||0.0000||0.3500|
|Day 2 - Dec 1, 2010 17:00 IST||0.7700||0.0400||0.1400||0.0000||0.4400|
|Day 3 - Dec 2, 2010 17:00 IST||4.1900||0.2800||0.5600||0.0200||2.3300|
|Day 4 - Dec 3, 2010 17:00 IST||4.1900||3.6700||6.5600||0.1500||4.9200|
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