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Shipping Corporation of India Ltd FPO (Shipping Corporation FPO) Detail

Nov 30, 2010 - Dec 3, 2010

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.

Company Promoters:

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%.

Company Financials:

ParticularsFor the year/period ended (in Rs. million)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income39,06245,57840,31842,00938,476
Profit After Tax (PAT)3,9349,5957,54610,16111,166

Objects of the Issue:

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.

Shipping Corporation FPO Details

IPO Opening Date Nov 30, 2010
IPO Closing Date Dec 3, 2010
Issue Type Book Built Issue FPO
Face Value ₹10 per equity share
IPO Price ₹135 to ₹140 per equity share
Market Lot 50 Shares
Min Order Quantity 50 Shares
Listing At BSE, NSE
Issue Size84,690,730 Eq Shares of ₹10
(aggregating up to ₹1,164.73 Cr)

Shipping Corporation FPO Lot Size

The Shipping Corporation FPO market lot size is 50 shares. A retail-individual investor can apply for up to 28 lots (1400 shares or ₹196,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 50 ₹7,000
Maximum 28 1400 ₹196,000

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Shipping Corporation of India Ltd FPO Tags:

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.

Shipping Corporation FPO Subscription Status (Bidding Detail)

The Shipping Corporation FPO is subscribed 4.92 times on 12/3/2010 5:00:00 PM. The public issue subscribed 6.56 in the retail category, 4.19 in the QIB category, and 3.67 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB4.19
NII3.67
Retail6.56
Employee0.15
Total4.92

Shipping Corporation FPO Prospectus

Shipping Corporation FPO Rating

764
3.8
Rating:Rated 3.8 stars
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Shipping Corporation FPO Listing Date

Listing Date Wednesday, December 15, 2010
BSE Script Code 523598
NSE Symbol SCI
Listing In A Group of Securities
ISIN INE109A01011
IPO Price ₹140 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

Shipping Corporation of India Ltd
Shipping House,
245, Madam Cama Road,
Mumbai - 400021, Maharashtra, India
Phone: (91 22) 2202 6666
Email: http://www.shipindia.com
Website:

Shipping Corporation FPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: sci.fpo@karvy.com
Website: https://karisma.kfintech.com/

Shipping Corporation FPO Reviews / Ratings

  • MLR Securities Private Ltd - Avoid
  • Prabhudas Lilladher Pvt Ltd - Apply

Shipping Corporation FPO FAQs

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 equity share. The minimum order quantity is 50 Shares.

The FPO opens on Nov 30, 2010, and closes on Dec 3, 2010.

KFintech Private Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

The Shipping Corporation FPO opens on Nov 30, 2010 and closes on Dec 3, 2010.

Shipping Corporation FPO lot size is 50 Shares and the minimum order quantity is 50 Shares.

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, Edelweiss, 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.

The Shipping Corporation FPO listing date is on Wednesday, December 15, 2010.

Shipping Corporation FPO Message Board

Ranked Members  Ranked Members

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607 Comments

607. IPO/STOCK GURO |Mar 13, 2011 4:10:15 PM
Be carefull NHPC like choor psu.
606. IPO/STOCK GURO |Dec 29, 2010 1:55:29 PM
Govt. Nay SEBI ko dara damka kay limit 2 lakh karai hi, kiyo ki govt. Ko 10000 carors say baday ipo/fpo lanay hi, yah govt. BJP ki tarah small investor frandly nahi hi.
605. KK Natarajan |Dec 26, 2010 6:13:19 AM
IPO Mentor IPO Mentor (500+ Posts)
Correction. Baltic Dry Index will regain the 3000 point level, not 3000 points as I mentioned in my previous post. Please understand the difference.
604. KK Natarajan |Dec 25, 2010 7:00:24 PM
IPO Mentor IPO Mentor (500+ Posts)
603, FST,
Shipping stocks lost between 11 to 23% in the last 1 month as Baltic Dry Index slumped to a 4 month low and is now at 1955 points. When it moves up, shipping stocks also will move up.
There is hope that Baltic Dry Index has bottomed out and is expected to regain 3000 points. The FPO of SCI has also played its part in the down move.
603. FST |Dec 23, 2010 2:31:53 PM
ANY STRATEGY FOR SCI..IS THERE ANY CHANCE FOR GOING DOWNHILL?? RIGHTNOW IT IS AT BOTTOM..THAT'S WHAT I FELL..YOUR COMMENT/SUGGESTIONS..
HONESTLY I WAS FEELING THAT MARKET WOULD CRASH OUT TOWARDS THE DECEMBER END AS FIIs WOULD START PULLING UP THEIR MONEY IN ABUNDANCE..THEY HAD PULLED UP..BUT NOT TO AN EXTENT WHEREBY THERE WILL BE PANICKY SITUATION..WHAT"S YOUR TAKE
602. RaMo |Dec 18, 2010 5:29:12 AM
Sreedharji, can u recommend some long term stocks to hold for 5 yrs?
601. triple hhh |Dec 17, 2010 9:26:01 PM
597. Dear bangnewman,,
Actually I received refund in my SBI a/c on 16 th itself but this time the message didn`t come to me of the amount credited....so i thought of not getting refund...but today morning i checked my account via ATM refund was already credited
600. CHANDAN BHOWMICK |Dec 17, 2010 11:46:08 AM
Everybody should apply through ASBA route for primery issue application to get refund without delay otherwise you may face troulbe in getting refund
599. triple hhh |Dec 17, 2010 10:33:03 AM
597. Dear bangnewman,,

Same here...its my first time since 4 years filling IPO`s...the refund is awaiting even after 2 days of allotment....I never tick on RTGS in app form even then I use to receive the refumd timely...I don`t know why this time ??? I am alloted 112 shares ...I will call KARVY today
598. bangnewman |Dec 17, 2010 10:32:51 AM
Dear triple hhh,
SORRY I STAND CORRECTED.
(i) Please TICK Refund Through RTGS in the application form
(ii) and write IFSC CODE of the Branch where account is maintained.
{ I wrongly gave detail about MICR code in earlier post )
IFSC CODE is 11 char CODE comprising of 4Chars and 7 digits.
4CHARS represents the banks name abbrevated and 7 digit is the branch code of the bank (0 padded in the left ).
For example for IOB Mysore Main it is : IOBA0000061
for HDFC-Electronic City - Bangalore it is : HDFC0000077
for IOB Gulbarga it is : IOBA0001244
for Syndicate Bank Byndoor it is : SYNB0000122 etc.
regards
597. bangnewman |Dec 17, 2010 10:01:20 AM
Dear triple hhh,
In all my IPO's I was/am getting the refund credited to my account, just 1 day after the allotment( very rarely it takes 2 days ). I think there is some problem in filling up the application. Please ensure that refund throu' RTGS is ticked and your bank branch IFSC code is filled up correctly and legibly written, donot outsource filling up of application. ( IFSC code is 9 digit number which comprises of Centre Code(3digit),bank code(3digit), branch code(3 digit) - for example 570 020 001 - means Mysore city,Indian Overseas Bank, Mysore Main branch of that Bank ). Hope you will get the refund early.
regards

596. triple hhh |Dec 17, 2010 9:27:50 AM
Bekar issue saala........still not received the refund so far....who else not received the refund guys pls share the things...........????? Karvy is very Lazy
595. Manuji Chaubey |Dec 16, 2010 5:12:38 PM
Finally, I also got refund in ICICI account!!! yaar, 1.5 lac aive hi fas jaate hain to saas to ruk hi jaati hai.
594. Keyur mehta |Dec 16, 2010 4:17:52 PM
ECS MERE ACCOUNT ME A GAYA HAI.
593. ipo gpo |Dec 16, 2010 3:44:23 PM
SUNO SEBI SUNO. public ko pahele refund do baad main share allot karo. POWERGRID ke baad SCI aisa dusra case hai. KARVY ko to kaan-naak hai nahi.iss liye SUNO SEBI SUNO.
592. rajiv jain |Dec 16, 2010 1:56:57 PM
PLEASE GOVT DONT ALLOW KARVY AS A REGISTAR BECAUSE IT HAS A VERY POOR SERVICE SCI REFUND NOT RECEIVED YET IT IS A BACWAS REGISTAR
591. hari HanamKonda |Dec 16, 2010 1:55:30 PM
Hi frds...
i got refund amt of SCI today mrng around 11AM to my ICICI bank for the demat acct of HSBC Invest Direct
590. R K |Dec 16, 2010 12:59:44 PM
anybody got refund amount of SCI??
589. tower |Dec 16, 2010 12:44:15 PM
THANKS PC DAVE for feedback I also recd today refund of SCI.
588. R K |Dec 16, 2010 12:09:36 PM
does any one got the refund amount for SCI? please let me know...please.......
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