Shipping Corporation of India Ltd FPO Message Board (Page 18)

would i will be getting shares if i apply at 140(not as cut off) & listing is at 137.

Shipping Corp is following the route of NTPC and NMDC
Govt. has been so greedy again
leaving not much on the table

safety of applying is very very low here
after seeing the QIB subscription there is no much apetite in this
at least none of the FII sees any value in SCI at 140
so chances of losing money is very very high

I think its better to avoid this FPO. not much gain is visible.

Gane.

FIIS & Mutual funds bid for 1 cr ie 140 Cr while Claris was subscribed 1.25 times ie more than 200 Cr so demand of Claris is more than SCI what a shame for Govt.

1 Qualified Institutional Buyers (QIBs) 42133638 176702850 4.19
1(a) Foreign Institutional Investors (FIIs) 8501150
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 166068100
1(c) Mutual Funds 1990750
1(d) Others 142850
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Bid and Quantity for The Shipping Corporation of India Limited
Cumulative (BSE+NSE)
Last updated on
Thursday, December 02, 2010 5:01:00 PM
Price(Rs.) Cumulative Quantity
135.00 196886350
137.00 191418400
140.00 191360750
Cut-off 8676350


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So friends as can be seen from above data,Fiis & mutual funds applied for only 1 cr shares ie hardly 140 crores which you can say virtually zero subscription.
In another chart you can see 196886350 applied at 135 & only 191360750 applied for 140 ie 50 lakhs out of 1 crore of fiis & domestic applied at 135 so they will not be coming to save you even at 135 there is a chance of listing below issue price if markets go tipsy topsy.So my suggestion for friends for SCI is if not SBI & LIC this issue would not have sailed through those do not apply for SCI.If applying,apply at 135.Wait for Punjab & Sind bank.

To all retail investors investing/applying for Rs. 2 lakh in IPO do not panic. Income tax people will not knock your door for Rs. 2 lakh looking for accountability.

Rs. 2 lakh is like Rs. 2 to government of India and that money is in the form of shares.

Happy investing. Don't panic. Sleep peacefully.

252. ipohero

This is in reply to 252. ipohero

As per recent SEBI order, a retail investor can invest up to Rs. 2 lakhs.

However, in SBI ASBA it shows
Investor up to Rs 100,000 will be treated as "Retail Individual Investor" and above Rs 100,000/- as HNI.

The reason and answer is very simple. No need to use rocket launching technique or software to find the answer.

The simple and true reason is that the STAFF at SBI are damn lazy to update that section because they are hired by Govt of India you see. No matter the kind of service you get from them, they get their salary paid well in time. If not the next day you will read the news paper with headlines as they are on strike.

I believe several investors missed MOIL IPO through SBI ASBA as their site was down/fluctuating for more than 30 hours.

SO FRIENDS what will be the oversubscrition in retail category for SCI ?

Shud we sell in Futures n then apply in retail or apply purely as retail category without hedging?

Sreedhar,

I am curious to know how to find who bid how much in QIB quotq? If not a problem, please shar this info. Thanks.

Sold all my holdings in LIC Housing at 1076 and PNB at 1275 today.

Hi,

Any discount for Retail Investors in SCI FPO?

Dear Sreedhar,
Will you be applying for SCI as things stand now? If yes, will it be at cut off price or at 135? What have you done for Claris as the subscription is poor?

Dear friends,out of 42133638 shares reserved for qib domestic institutns & insurance ie sbi & lic bid more than 160000000 ie 4 times ,fiis&mutual bid only .2 times that 2 @135.so thats story of sci

242 Ravi Bangalore,
Why are you advising to SHORT in F&O , how would that really help? Can you please give some explanation.

public float is very small for the pre issue. more than 10% is hold by insurance companies.after the present issue if the qib portion is oversubscribed by more than 4 times it seems that the share holding pattern will b broad based and that will b good for the share in the market.

in the current ipo section of nse site the maximum amount for the retail section is mentioned as rs. 200000/

Mandatory fields are marked with an asterisk(*)
Details of the Issue
Name of the company THE SHIPPING CORP OF INDIA LTD Company Address SHIPPING HOUSE,245,MADAM CAMA ROAD,MUMBAI-400 021
Issue Open Date 30-Nov-2010 Issue Close Date 03-Dec-2010
Minimum BID Quantity 50 BID Multiples 50
Lower Price Band (Floor) 135.00 INR Upper Price Band (Cap) 140.00 INR
Investor up to Rs 100,000 will be treated as "Retail Individual Investor" and above Rs 100,000/- as HNI.

(THIS IS SBI (ASBA) 100000 RETAIL SAY 100001 SAY HNI (WHAT IS THIS VERY VERY POOR""""""""""""""""")

SBI ME ACCOUNT HO TO PLS MASSAGE KARO KYA KARE SBI KA????"""""""

hi friend (SHIPPING COR....)
(STATE BANK OF INDIA ASBA VERY""" VERY""" POOR.............SITE...
200000 RETAIL (SBI 100000 RETAIL) SBI ASBA COMPUTER SAY 200000 HNI. WHAT IS THIS KYA KARE SBI KA??????? ASBA FACILITY IS VERY VERY POOR.......

I have an account with SBI and AXIS.. AXIS is the best for IPOsmart(ASBA). i never tried in SBI.. you know SBI Internet is not userfriendly..

Shreya, I have applied SCI for 1400 shares and MOIL for 527 shares... i always use AXIS IPOsmart facility..