Category Archives: SCI FPO

Shipping Corporation of India FPO opens today – SCI FPO Opens Today

The SCI also has substantial interests in various segments of the shipping trade. SCI’s owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, Phosphoric Acid / Chemical carriers, LPG / Ammonia carriers and Offshore Supply Vessels. Sailing through for nearly five decades, the SCI today has a significant presence on the global maritime map.

The Shipping Corporation of India was established on October 2nd, 1961, by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation.Starting out as a marginal Liner shipping Company with just 19 vessels, the SCI has today evolved into the largest Indian shipping Company.

The stock which was at a monthly high of 180 or so and a weekly high of 156 or so is trading at 145 or so , Not sure if this FPO will even give a profit that power grid gave to the investors.

Symbol – Series SCIFPO EQ
Issue Period Nov 30, 2010 to Dec 3 2010 ( **for QIB bidders issue closes on Dec 2, 2010)
Post issue Modification Period 4-Dec-10
Issue Size Further public issue of 84,690,730 equity shares of Rs. 10 each
Issue Type 100% Book Building
Price Range Rs 135 to Rs 140
Tick Size Re. 1/-
Market Lot 50 Equity Shares
Minimum Order Quantity 50 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.200000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Manager SBI Capital Markets Limited , IDFC Capital Limited, and ICICI Securities Limited
Syndicate Member SBICAP Securities Limited and Sharekhan Limited
No. of Cities with Bidding Centers 66
Name of the registrar Karvy Computershare Private Limited