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Shipping Corporation FPO is a book built issue of Rs 1,164.73 crores.
Shipping Corporation FPO bidding started from November 30, 2010 and ended on December 3, 2010. The shares got listed on BSE, NSE on December 15, 2010.
Shipping Corporation FPO price band is set at ₹135 to ₹140 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹7,000.
ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and SBI Capital Markets Limited are the book running lead managers of the Shipping Corporation FPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Shipping Corporation FPO RHP for detailed information.
| IPO Date | November 30, 2010 to December 3, 2010 |
| Listing Date | December 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹140 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 84,690,730 shares (aggregating up to ₹1,164.73 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
Shipping Corporation FPO offers 84,690,730 shares. 42,133,638 (49.75%) to QIB, 12,640,091 (14.92%) to NII, 29,493,547 (34.83%) to RII, 423,454 (0.50%) to employees. 589,870 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,450 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 42,133,638 (49.75%) | NA |
| NII (HNI) Shares Offered | 12,640,091 (14.92%) | |
| Retail Shares Offered | 29,493,547 (34.83%) | 589,870 |
| Employee Shares Offered | 423,454 (0.50%) | NA |
| Total Shares Offered | 84,690,730 (100%) |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹7,000 |
| Retail (Max) | 28 | 1400 | ₹196,000 |
| Lot Size Calculator | |||
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.
| Particulars | For the year/period ended (in Rs. million) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | ||
| Total Income | 39,062 | 45,578 | 40,318 | 42,009 | 38,476 | |
| 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.
The Shipping Corporation FPO is subscribed 4.92 times on December 3, 2010 5:00:00 PM. The public issue subscribed 6.56 times in the retail category, 4.19 times in the QIB category, and 3.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.19 |
| NII | 3.67 |
| Retail | 6.56 |
| Employee | 0.15 |
| Total | 4.92 |
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Shipping Corporation of India FPO, SCI FPO, SCI FPO Bidding, Shipping Corp FPO Allotment Status, Shipping Corporation drhp and Shipping Corporation of India Ltd FPO listing.
| Listing Date | December 15, 2010 |
| BSE Script Code | 523598 |
| NSE Symbol | SCI |
| ISIN | INE109A01011 |
| Final Issue Price | ₹140 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹140.00 |
| ₹136.90 |
| ₹132.15 |
| ₹138.00 |
| ₹132.45 |
| NSE |
|---|
| ₹140.00 |
| ₹138.00 |
| ₹132.25 |
| ₹139.00 |
| ₹132.60 |
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sci.fpo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Shipping Corporation FPO is a main-board FPO of 84,690,730 equity shares of the face value of ₹10 aggregating up to ₹1,164.73 Crores. The issue is priced at ₹135 to ₹140 per share. The minimum order quantity is 50 Shares.
The FPO opens on November 30, 2010, and closes on December 3, 2010.
Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
The Shipping Corporation FPO opens on November 30, 2010 and closes on December 3, 2010.
Shipping Corporation FPO lot size is 50 Shares, and the minimum amount required is ₹7,000.
You can apply in Shipping Corporation FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shipping Corporation FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shipping Corporation FPO allotment status.
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