Business Standard

Shipping Corporation of India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,164.73 cr

Price Range (₹)

140

Lot Size

50

Min Investment (₹)

7,000.00

Listing Exchange

MumbaiNSEKolkataDelhiChennai

Open Date

30-Nov-2010

Close Date

03-Dec-2010

Listing Date

15-Dec-2010

Shipping Corporation of India Ltd News

    The Shares of Shipping Corporation of India Ltd have now been listed.

    Shipping Corporation of India Ltd IPO Details

    Further public issue of 84,690,730 equity shares of Rs. 10 each (Equity Shares) for cash at a price of Rs. 140* per equity share of The ShippingCorporation of India Limited (The Company) aggregating to Rs. 1164.73 crores (The Issue). The issue comprises of a fresh issue of 42,345,365 equity shares by the company (The Fresh Issue) and an offer for sale of 42,345,365 equity shares by The President of India, acting through the Ministry of Shipping, Government of India (The Selling Shareholder). The issue comprises a net issue to the public of 84,267,276 equity shares (The Net Issue) and a reservation of up to 423,454 equity shares for subscription by eligible employees (The Employee Reservation Portion). The issue would constitute 18.18% of the post issue paid-up equity capital of the company and the net issue would constitute 18.09% of the post issue paid-up equity capital of the company.Issue price : Rs. 140* per equity share of face value of Rs. 10 eachThe issue price is 14.0 times the face value.*Based on the Retail and Employee Discount, the issue price for both Retail Individual bidders and Eligible Employees will be Rs. 133

    Objective of issue

    Part funding the equity portion for acq. of vessel. General corporate purposes.

    Shipping Corporation of India Ltd Contact Details

    Shipping Corporation of India Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - cmdoffice@sci.co.in; swapnita.rane@sci.co.in

    Website - www.shipindia.com