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Shipping Corp. FPO is a book build issue of ₹1,164.90 crores. The issue is a combination of fresh issue of 4.23 crore shares aggregating to ₹582.45 crores and offer for sale of 4.23 crore shares aggregating to ₹582.45 crores.
Shipping Corp. FPO bidding started from Nov 30, 2010 and ended on Dec 3, 2010. The shares got listed on BSE, NSE on Dec 15, 2010.
Shipping Corp. FPO price band is set at ₹140.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,750 (50 shares). The lot size investment for sNII is 29 lots (1,450 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (7,150 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 4,23,454 shares for employees offered at a discount of ₹7.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Shipping Corp. FPO RHP for detailed Information.
| IPO Date | November 30, 2010 to December 3, 2010 |
| Listing Date | December 15, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 8,46,90,730 shares (aggregating up to ₹1,164.90 Cr) |
| Fresh Issue | 4,23,45,365 shares (aggregating up to ₹582.45 Cr) |
| Offer for Sale | 4,23,45,365 shares of ₹10 (aggregating up to ₹582.45 Cr) |
| Retail Discount | Rs 7.00 per share |
| Employee Discount | ₹7.00 |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 42,34,53,645 shares |
| Share Holding Post Issue | 46,57,99,010 shares |
Shipping Corporation FPO offers total 8,46,90,730 shares. Out of which 4,21,33,638 (49.75%) allocated to QIB, 1,26,40,091 (14.92%) allocated to NII, 2,94,93,547 (34.83%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,21,33,638 (49.75%) | NA |
| NII (HNI) Shares Offered | 1,26,40,091 (14.92%) | NA |
| Retail Shares Offered | 2,94,93,547 (34.83%) | 5,89,870 |
| Employee Shares Offered | 4,23,454 (0.50%) | NA |
| Total Shares Offered | 8,46,90,730 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Shipping Corp. FPO opens on November 30, 2010, and closes on December 3, 2010.
| IPO Open Date | Tue, Nov 30, 2010 |
| IPO Close Date | Fri, Dec 3, 2010 |
| Tentative Listing Date | Wed, Dec 15, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 3, 2010 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹7,000 |
| Retail (Max) | 28 | 1,400 | ₹1,96,000 |
| S-HNI (Min) | 29 | 1,450 | ₹2,03,000 |
| S-HNI (Max) | 142 | 7,100 | ₹9,94,000 |
| B-HNI (Min) | 143 | 7,150 | ₹10,01,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
SCI's fleet includes dry bulk carriers, very large crude carrier (VLCC) tankers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, phosphoric acid and chemical carriers, LPG and ammonia carriers, and offshore supply vessels.
SCI's customers are primarily comprised of Government agencies, large industrial concerns, international oil companies and public sector undertakings.
| Particulars | For the year/period ended (in Rs. million) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | ||
| Total Income | 39,062 | 45,578 | 40,318 | 42,009 | 38,476 | |
| Profit After Tax (PAT) | 3,934 | 9,595 | 7,546 | 10,161 | 11,166 | |
| KPI | Values |
|---|---|
| RoNW | 6.08% |
The Company Shipping Corporation FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Part funding theacquisition of certain vessels by the Company. | 2,663.96 |
| 2 | General corporate purposes. |
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Shipping Corporation of India FPO, SCI FPO, SCI FPO Bidding, Shipping Corp FPO Allotment Status, Shipping Corporation drhp and Shipping Corporation of India Ltd FPO listing.
| Listing Date | December 15, 2010 |
| BSE Script Code | 523598 |
| NSE Symbol | SCI |
| ISIN | INE109A01011 |
| Final Issue Price | ₹140 per share |
| BSE Listing Group | A |
Shipping Corp.of India Ltd.,The
Shipping House,
245, Madam Cama Road,
Mumbai - 400021, Maharashtra, India
Mumbai, Maharashtra
Phone: (91 22) 2202 6666
Email: http://www.shipindia.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: sci.fpo@karvy.com
Website: https://ipostatus.kfintech.com/
Shipping Corp. FPO is a main-board FPO of 8,46,90,730 equity shares of the face value of ₹10 aggregating up to ₹1,164.90 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 50.
The FPO opens on November 30, 2010, and closes on December 3, 2010.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shipping Corp. FPO using UPI as a payment gateway. Zerodha customers can apply in Shipping Corp. FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shipping Corp. FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shipping Corp. FPO opens on November 30, 2010 and closes on December 3, 2010.
Shipping Corp. FPO lot size is 50, and the minimum amount required for application is ₹7,000.
You can apply in Shipping Corp. FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shipping Corp. FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shipping Corp. FPO allotment status.
The Shipping Corp. FPO listing date is on Wednesday, December 15, 2010.
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