Shipping Corporation of India Ltd FPO Message Board (Page 29)

I am going to withdraw my f.ds with L.I.C houseing finanace, and closeing my a/c With P.N.B i think both companys will defalt in near future because scam is very large and i can not take this type of risk when many good and clean companies and banks are in the market.

I want to borrow and invest for the Shipping Corporation FPO - which banks offer IPO funding facility?

48 IPO Bigexpert
Let the price band to be disclosed.
Dont be early in posting such comments and be a fool in front of everybody

MOIL is better than SCI since MOIL is an IPO and SCI is FPO.

Punjab& Sind Bank (PSB)
The initial public offering is expected to hit the market in the first fortnight of December, said Mr P K Anand, Executive Director of the bank(PSB)

@42 teri teri to........

Satelaa company ka fatelaa FPO

SCI PRISE MAY BE BETWEEN 125 TO 135

POWERGRID PRISE BAND MAY BE 135

Shipping Corp of India
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
PAT) 3,934 9,595 7,546 10,161 11,166
Wonder why the pat came down so much from the pr.fin.year and again the same from f.y0607 to fy 078

SEBI to reduce time for initial public offering process from 12 days to a week

SEBI to reduce time for initial public offering process from 12 days to a week

dosTo...Hindustan copper bhi line me he on dec 6 th dhayan rakhana....

Thanks shreedhar for ur reply
I am realy greatful to u.
I will apply 6 (two lack) application in rpp if it cross 6 times in retail &
6 (two lack) application in moil.
Thanks once again

To avoid from listing gain point of view, as good IPOs are available (MOIL for example). From investing point of view also, lot of other good scrips are available.

the cmp 154, is tradong way below its 200 day SMA which shows bearish trends but an investment in evry dips cud tu

Shipping Corporation of India (SCI), India's largest shipping company, proposes to go in for a follow-on public offer.
Besides, the Government plans to further divest an unspecified stake in the company.

The company, in a notice to the stock exchanges, said its board will meet on August 11 to decide on the two proposals — FPO and the Government offer for sale.
The Government holds a stake of 80.12% in SCI. Domestic institutional investors have 13.04% and FIIs 2.12%.
“We propose to issue fresh equity to raise funds for our expansion plans. The details will be worked after obtaining approvals from the board and the Government,” said Mr Hajara, Chairman and Managing Director, SCI.
This would be the third divestment by the Government in SCI. According to analysts, this time the Government may divest 10-15 per cent. With the company also planning a follow-on offer, the Government stake will come down further, they said.
SCI shares closed at Rs 168.15 on the NSE, down 1.93 per cent on Friday. The market was generally flat with Nifty down by 7.85 points. Except for Essar Shipping which was up six per cent at Rs 115.40 (on news of de-merger of its port business), other shipping stocks such as GE Shipping and Varun Shipping were down two per cent.
The company, which is currently in a major expansion drive, has earmarked a capex of Rs 8,000 crore for the next two years.
More vessels
This fiscal, SCI plans to add 24 vessels that include eight bulk carriers, two very large crude carriers and three container vessels. Next year, the company proposes to add 17 vessels. The average age of SCI's fleet is 17 years. This will come down considerably once the acquisition of new vessels is completed. SCI has a joint venture, Irano Hind, with Iran's state owned shipping company, mainly operating crude oil tankers. The company had reported a net profit of Rs 191.49 crore in the first quarter of the current fiscal, up 60 per cent over the same year-ago period. SCI fleet accounts for 35 per cent of the Indian shipping tonnage.

PREVIOUS POST WAS FOR MOIL...........................
IPOSTOCK GURO COMMENT

270. IPO/STOCK GURO
SEBI should increse retailers limit to rs. 10,00000/ 2 lakhs is very small amount.
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NOT ONLY RS BUT ALSO RETAIL QUOTA ALSO FROM 35 PERCENT TO 60 PERCENT THEN RETAIL WILL GOT SOME SHARE .............................
BUT IN BAD DAY DECREASE RETAIL QUOTA FROM 35 PERCENT TO 20 PERCENT TO PROFIT MORE RETAIL INVESTORS............................
OR SEBI MAY INCREASE HNI QUOTA SO RICH RETAIL INVESTOR MAY TRY THERE LUCK IN HNI...................

28. CARAHUL
PAISA MOIL ME LAGAYE YA SHIPPING COR ME..............
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MOIL ...............
BECOUSE IT IS A IPO WERE PRICE DISCOVERY HAS TO HAPPEN BUT IN SCI IT IS LISTED IN STOCK EXCHANGE AND PRICE IS DISCOVERED SO MOIL ME LAGANA CHAHIYE