Shipping Corporation FPO Latest News Today

Shipping Corporation of India Ltd FPO share listing detail:

Listing Date: Wednesday, December 15, 2010
BSE Scrip Code:    523598
NSE Symbol: SCI
Listing In: A Group
Sector:    Shipping
ISIN: INE109A01011
Issue Price: Rs. 140.00 Per Equity Share (Rs 133 for retail investor)
Face Value: Rs. 10.00 Per Equity Share

Shipping Corporation of India Ltd IPO finally subscribed 4.92 times on its closing day. Shipping Corporation of India Ltd IPO was open on Nov 30, 2010 and closed today on Dec 03, 2010 for subscription.

Oversubscription detail

Qualified Institutional Buyers (QIBs): 4.19 Times

Non Institutional Investors: 3.67 Times

Retail Individual Investors (RIIs): 6.56 Times

Employees: 0.15 Times

Total: 4.92 Times

Shipping Corporation of India Ltd (SCI) is entering in the capital markets with an follow-on public offering, FPO of 84,690,730 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs **/- at lower level and Rs **/- at upper level.

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.

The issue opens on Nov 30, 2010, and closes for subscription on Dec 03, 2010. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).