Shipping Corporation of India Ltd FPO Message Board (Page 15)

Dear Mr.K V Subba Rao []329]

My repply was with reference to the querry raised by one of our members who has applied at 140 and having a doubt if the price fixed is 135, whether he would be charged 140(bid price) or 135.

Coming to your point, it is fact that issue is fully subscribed at 140. Some times, it so happens that some of the Lead Managers rope-in the institutions promising lower price fixation. In addition to this the Govt. has to come with number of issues and to ensure that the issues are successful in future, it must leave something to the investors. Since the issue price is very close to Market Price the Govt. may consider fixing the final price less than 140.

My name is also Subbarao and it is nice to hear from you.

2.25 time 1.52 pm

2 time up 1.36 pm

nse + bse = 2time

nse 1 pm
THE SHIPPING CORPORATION OF INDIA LIMITED - NSE Bid Details                        
Updated as on 03 December 2010 at 1300 hrs                        
Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)       42133638      146248000      3.47
1(a)      Foreign Institutional Investors (FIIs)            4929750      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            139184650      
1(c)      Mutual Funds            1990750      
1(d)      Others            142850      
2      Non Institutional Investors      12640091      3471100      0.27
2(a)      Corporates            2044400      
2(b)      Individuals (Other than RIIs)            1422700      
2(c)      Others            4000      
3      Retail Individual Investors (RIIs)      29493547      46359650      1.57
3(a)      Cut Off            27635350      
3(b)      Price Bids             18724300      
4      Employees (EMP)      423454      14350      0.03
(a)      Cut Off            11400      
4(b)      Price Bids             2950      
      Total      84690730      196093100      2.32

Mr PSR @ 327: Upto 12 pm itself, at upper end of Rs 140 and cut-off price, the Issue has been subscribed 2.57 times as per Bid and Quantity details available in bse.com; hence there appears to be no scope for fixing price at lower end of Rs 135

what is the HNI subcription till now?

Dear Learner A [323 ]

If the Govt. decides the price at 135, all the persons who have applied at 135 or more, would be getting at 135. Hence you too would be getting at 135. Hope this clarifies your doubt.

market going down so many new problems coming in world.

To 318. Divyrajeshm..

Yes u will be alloted shares according to the retail subscritption and the governement decides any price between 135 and 140.

Hi,

I am a new investor. If I apply for SCI @ 140 per share, and if the govvt. decides the price to be 135/share, at what price will I be alloted the share? 135 or 140?

Thanks,
Amit

nse bse 1.45 time

only nsc

THE SHIPPING CORPORATION OF INDIA LIMITED - NSE Bid Details                        
Updated as on 03 December 2010 at 1200 hrs                        
Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)       42133638      146248000      3.47
1(a)      Foreign Institutional Investors (FIIs)            4929750      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            139184650      
1(c)      Mutual Funds            1990750      
1(d)      Others            142850      
2      Non Institutional Investors      12640091      1099300      0.09
2(a)      Corporates            78900      
2(b)      Individuals (Other than RIIs)            1016400      
2(c)      Others            4000      
3      Retail Individual Investors (RIIs)      29493547      36141600      1.23
3(a)      Cut Off            19502900      
3(b)      Price Bids             16638700      
4      Employees (EMP)      423454      13600      0.03
(a)      Cut Off            10650      
4(b)      Price Bids             2950      
      Total      84690730      183502500      2.17

How to check the subcription details from NSE/BSE sites ?

1.28 time

A decline in iron ore imports from India had previously forced China to source the key steel-making component from further afield especially Australia and Brazil, boosting demand for capesizes.

India banned exports from the key iron ore-producing state of Karnataka in July as part of a campaign against illegal mining, and the ban was upheld by the state's high court this month.

Slavov said Indian ore exports using smaller supramaxes vessels had picked up modestly in recent days, while higher coal exports from Indonesia were supporting panamax vessels.

"That is why the supramaxes and panamaxes are finding ground now and reversing back up, while the capes are dropping," he said. "This is just a switch from one trade flow to another."

The Baltic's panamax index .BPNI rose 0.89 percent on Tuesday, with average daily earnings rising to $19,068 in a seventh session of gains. The supramax index .BASI rose 0.93 percent.

The Baltic's main index has been erratic this year, as it was in 2009, because of swings in Chinese demand for iron ore. It reached a 2010 peak of over 4,200 points in May.

If I apply for 140 rs. and final price will be set at 135 will I be allotted shares in this case ??

Shipping is a global industry and its prospects are closely tied to the level of economic activity in the world. A higher level of economic growth would generally lead to higher demand for industrial raw materials, which in turn will boost imports and exports. The shipping market is cyclical in nature and freight rates generally tend to be volatile.



Freight rates and earnings of the shipping companies are primarily a function of demand and supply in the markets. While demand drivers are a function of trade growth and geographical balance of trade (which determines the length of haul required), the supply drivers are a function of new ship building orders as well as scrapping of existing tonnage.



The global shipping industry can be broadly classified into wet bulk (like crude and petroleum products), dry bulk (like iron ore and coal) and liners. Under liners, it has containers, MPP and Ro-Ros types of vessels. There are various benchmarks that determine freight rates for these segments. The prominent amongst them are Baltic Freight Index, Baltic Handymax Index (for dry bulk segment) and World Scale (for tankers).

How Can I stop payment for MOIL and apply for SCI ??

If I apply for 140 rs. and final price will be set at 135 will I be allotted shares in this case ??