Shipping Corporation of India (SCI) FPO : Files DRHP with SEBI

by khalid on 19/11/2010 · 0 comments

Shipping Corporation of India Ltd has informed the market(BSE) that they have planning to enter capital markets with its maiden public issue of 42,345,365 equity shares of Rs 10 each constituting Rs — crore. The company has filed a Draft Red Herring Prospectus (DRHP) on 14th Octoner 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO price band has not been decided yet. Present paid-up Equity Share capital of Government of India – 80.12%.

The proceeds of the IPO amount would be used by the company to part funding the equity portion for the acquisition of certain vessels and general corporate purposes.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book running lead managers to the issue are ICICI Securities Limited, IDFC-SSKI Private Limited and SBI Capital Markets Limited.

Registrar of the Issue : Karvy Conputershare Private Limited, Hyderabad.

Stay tuned to BelltheBull Blog for more on Shipping Corporation of India (SCI) FPO !

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: