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SI VI Shipping Corporation Ltd IPO (SI VI Shipping IPO) Detail

February 18, 2014 - February 21, 2014

SI VI Shipping IPO is a fixed price issue of Rs 6.86 crores.

SI VI Shipping IPO bidding started from February 18, 2014 and ended on February 21, 2014. The shares got listed on BSE SME on March 6, 2014.

SI VI Shipping IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the SI VI Shipping IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to SI VI Shipping IPO DRHP for detailed information.

SI VI Shipping IPO Details

IPO Date February 18, 2014 to February 21, 2014
Listing Date March 6, 2014
Face Value ₹10 per share
Price ₹25 per share
Lot Size 6000 Shares
Total Issue Size2,742,000 shares
(aggregating up to ₹6.86 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

SI VI Shipping IPO Lot Size

Investors can bid for a minimum of 6000 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 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000
Lot Size Calculator

About SI VI Shipping Corporation Ltd

SI. VI. Shipping Corporation Ltd (SVSC) is a new entrant to the Indian shipbuilding sector and proposes to develop a modern shipyard spread over 24 acres to build ships of up to 120 meter length at the Dahej Shipbuilding Park developed by Gujarat Maritime Board supported by Government of Gujarat, India.

Its focus would be to bid for ships up to 120 meter length in cargo, offshore, and other specialized segments. Currently it is working as a subcontractor for fabrication of hull with L&T�s shipyard at Hazira. Immediately on incorporation, SVSC bagged order of fabrication and erection of aluminum hull for 7 high speed Interceptor boats from L&T�s Hazira Shipyard. The company has already executed the first boat in a record time.

Today, almost 60% of the total fabrication work allotted by L&T�s Hazira Shipyard is done by them. In short span they also taken over operation of modern CNC machine for preparation of fabrication material for L&T�s Hazira Shipyard. Recently they have also been awarded piping work for high speed interceptor boats by L&T�s Hazira

Objects of the Issue (SI VI Shipping IPO Objectives)

The objects of the Issue are:-

1. Working Capital requirements;
2. Repay certain unsecured loans availed by them;
3. Meet Issue Expenses.

SI VI Shipping IPO Review (Avoid)

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Avoid this costly offer having entry barrier as well.

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SI VI Shipping IPO Prospectus

SI VI Shipping IPO Rating

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SI VI Shipping IPO Listing Details

Listing Date March 6, 2014
BSE Script Code 537669
NSE Symbol
ISIN INE920P01019
Final Issue Price ₹25 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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SI VI Shipping Corporation Ltd Contact Details

SI VI Shipping Corporation Ltd
Office Block, 1st Floor, Plot No. 237/2 & 3,
Central Park Society, GIDC,
Pandesara, Surat, Gujarat � 394221
Phone: +91 261 2894415/16

SI VI Shipping IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

SI VI Shipping IPO - Buy or Not

SI VI Shipping IPO Recommendation Summary

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SI VI Shipping IPO FAQs

SI VI Shipping IPO is a SME IPO of 2,742,000 equity shares of the face value of ₹10 aggregating up to ₹6.86 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.

The IPO opens on February 18, 2014, and closes on February 21, 2014.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The SI VI Shipping IPO opens on February 18, 2014 and closes on February 21, 2014.

SI VI Shipping IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.

You can apply in SI VI Shipping IPO 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 SI VI Shipping IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SI VI Shipping IPO allotment status.

The SI VI Shipping IPO listing date is on March 6, 2014.
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SI VI Shipping IPO Message Board

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2. pooja dixit |   Link |  Bookmark |March 29, 2014 11:32:00 AM

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1. ankit shah |   Link |  Bookmark |February 17, 2014 12:24:00 PM
wha t about this issue ?