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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

Issue OpenNov 30, 2010 - Dec 3, 2010
Issue TypeBook Built Issue FPO
Issue Size84,690,730 Eq Shares of ₹10
(aggregating up to ₹1,164.73 Cr)
Face Value₹10 Per Equity Share
Issue Price₹135 - ₹140 Per Equity Share
Market Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE, NSE

Shipping Corporation FPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum150₹7,000
Maximum281400₹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)

Shipping Corporation FPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

42,133,638

12,640,091

29,493,547

423,454

84,690,730

Dec 3, 2010 17:00

4.19x

3.67x

6.56x

0.15x

4.92x

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 DateWednesday, December 15, 2010
BSE Script Code523598
NSE SymbolSCI
Listing InA
ISININE109A01011
Issue Price₹140 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹140.00
₹136.90
₹132.15
₹138.00
₹132.45
2,328,202
NSE
₹140.00
₹138.00
₹132.25
₹139.00
₹132.60
6,721,308

Shipping Corporation FPO Reviews / Ratings

Capital Market Review
Prabhudas Lilladher - Subscribe.
MLR Securities - Avoid.

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: http://cs@sci.co.in

Shipping Corporation FPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: sci.fpo@karvy.com
Website: https://karisma.karvy.com/

Shipping Corporation FPO FAQs

  1. 1. What is Shipping Corporation FPO?

    Shipping Corporation FPO is an main-board initial public offering of 84,690,730 equity shares of the face value of ₹10 aggregating up to ₹1,164.73 Crores.

    The issue price of the IPO is ₹135 - ₹140 Per Equity Share. The minimum order quantity is 50 Shares per application and the offer type is Book Built Issue.

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

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Shipping Corporation FPO will open?

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

  3. 3. How to apply for Shipping Corporation FPO?

    Shipping Corporation FPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Shipping Corporation FPO allotment?

    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.

  5. 5. When is Shipping Corporation FPO listing date?

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

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Shipping Corporation FPO Review / Comments

IPO/STOCK GURO
607. IPO/STOCK GURO  Mar 13, 2011 15:10 I Like It. | Report Abuse
Be carefull NHPC like choor psu.
IPO/STOCK GURO
606. IPO/STOCK GURO  Dec 29, 2010 12:55 I Like It. | Report Abuse
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.
KK Natarajan
605. KK Natarajan  Dec 26, 2010 05:13 I Like It. | Report Abuse
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.
KK Natarajan
604. KK Natarajan  Dec 25, 2010 18:00 I Like It. | Report Abuse
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.
FST
603. FST  Dec 23, 2010 13:31 I Like It. | Report Abuse
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
RaMo
602. RaMo  Dec 18, 2010 04:29 I Like It. | Report Abuse
Sreedharji, can u recommend some long term stocks to hold for 5 yrs?
triple hhh
601. triple hhh  Dec 17, 2010 20:26 I Like It. | Report Abuse
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
CHANDAN BHOWMICK
600. CHANDAN BHOWMICK  Dec 17, 2010 10:46 I Like It. | Report Abuse
Everybody should apply through ASBA route for primery issue application to get refund without delay otherwise you may face troulbe in getting refund
triple hhh
599. triple hhh  Dec 17, 2010 09:33 I Like It. | Report Abuse
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
bangnewman
598. bangnewman  Dec 17, 2010 09:32 I Like It. | Report Abuse
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
bangnewman
597. bangnewman  Dec 17, 2010 09:01 I Like It. | Report Abuse
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

triple hhh
596. triple hhh  Dec 17, 2010 08:27 I Like It. | Report Abuse
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
Manuji Chaubey
595. Manuji Chaubey  Dec 16, 2010 16:12 I Like It. | Report Abuse
Finally, I also got refund in ICICI account!!! yaar, 1.5 lac aive hi fas jaate hain to saas to ruk hi jaati hai.
Keyur mehta
594. Keyur mehta  Dec 16, 2010 15:17 I Like It. | Report Abuse
ECS MERE ACCOUNT ME A GAYA HAI.
ipo gpo
593. ipo gpo  Dec 16, 2010 14:44 I Like It. | Report Abuse
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.
rajiv jain
592. rajiv jain  Dec 16, 2010 12:56 I Like It. | Report Abuse
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
hari HanamKonda
591. hari HanamKonda  Dec 16, 2010 12:55 I Like It. | Report Abuse
Hi frds...
i got refund amt of SCI today mrng around 11AM to my ICICI bank for the demat acct of HSBC Invest Direct
R K
590. R K  Dec 16, 2010 11:59 I Like It. | Report Abuse
anybody got refund amount of SCI??
tower
589. tower  Dec 16, 2010 11:44 I Like It. | Report Abuse
THANKS PC DAVE for feedback I also recd today refund of SCI.
R K
588. R K  Dec 16, 2010 11:09 I Like It. | Report Abuse
does any one got the refund amount for SCI? please let me know...please.......
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