Shipping Corporation of India (SCI) FPO : Price Band Fixed

by khalid on 27/11/2010 · 0 comments

Shipping Corporation of India (SCI) FPO which is slated to come out with its FPO starting on 30th November 2010. The company has come out with the price band today and the Empowered Group of Minisiters (EGoM) has fixed SCI IPO price band at Rs 135-140, Shipping Corporation of India will raise Rs 1100 crore from the primary markets.

The issue comprises of a fresh issue of 42,345,365 equity shares by the company 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 issue comprises a net issue to the public of 84,267,276 equity shares and a reservation of up to 423,454 equity shares for subscription by eligible employees. Retail investors, employees will get 5% discount.

Issue Detail:-
Issue Open : 30th Nov 2010 – 3rd Dec 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 84,690,730 Equity Shares of Rs 10 each
Issue Size : Rs. 1100 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 135 – Rs. 140 Per Equity Share
Minimum Bid Quantity : — Shares (Rs. —- with 1 Lot)
Maximum Bid Quantity : —- Shares (Rs. —— with — Lot)
Listing At : BSE, NSE

Maximum Subscription Amount for Retail Investor : Rs. 200000

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

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