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

Feb 18, 2014 - Feb 21, 2014

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&Tís shipyard at Hazira. Immediately on incorporation, SVSC bagged order of fabrication and erection of aluminum hull for 7 high speed Interceptor boats from L&Tís 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&Tís 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&Tís Hazira Shipyard. Recently they have also been awarded piping work for high speed interceptor boats by L&Tís Hazira

Objects of the Issue

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 Details

SI VI Shipping IPO Date Feb 18, 2014 to Feb 21, 2014
SI VI Shipping IPO Face Value ₹10 per share
SI VI Shipping IPO Price ₹25 per share
SI VI Shipping IPO Lot Size 6000 Shares
Issue Size2,742,000 shares of ₹10
(aggregating up to ₹6.86 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Mr. Manoj Kumar Sarawagi

SI VI Shipping IPO Lot Size

The SI VI Shipping IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000

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SI VI Shipping IPO Prospectus

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SI VI Shipping IPO Listing Date

Listing Date Thursday, March 6, 2014
BSE Script Code 537669
NSE Symbol
Listing In MT Group of Securities
ISIN INE920P01019
IPO Price ₹25 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

SI VI Shipping IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

SI VI Shipping IPO Review

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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 Feb 18, 2014, and closes on Feb 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 Feb 18, 2014 and closes on Feb 21, 2014.

SI VI Shipping IPO lot size is 6000 Shares and the minimum order quantity is .

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, Edelweiss, 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 Thursday, March 6, 2014.
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SI VI Shipping IPO Message Board

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2. pooja dixit |   Link |Mar 29, 2014 10:32:00 AM

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1. ankit shah |   Link |Feb 17, 2014 11:24:00 AM
wha t about this issue ?