Bookbuilding FPO | ₹1,165 Cr | Listed at BSE, NSE | Tue, Nov 30, 2010 - Fri, Dec 3, 2010
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 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹7,000 (50 shares) (based on upper price). 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.
FPO Open
Tue, Nov 30, 2010
FPO Close
Fri, Dec 3, 2010
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹6,521.19 Cr
| IPO Date | 30 Nov to 3 Dec, 2010 |
| Listed on | Wed, Dec 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 7.00 per share |
| Employee Discount | ₹7.00 |
| Total Issue Size | 8,46,90,730 shares (agg. up to ₹1,165 Cr) |
| Fresh Issue | 4,23,45,365 shares (agg. up to ₹582 Cr) |
| Offer for Sale | 4,23,45,365 shares of ₹10 (agg. up to ₹582 Cr) |
| Share Holding Pre Issue | 42,34,53,645 shares |
| Share Holding Post Issue | 46,57,99,010 shares |
| BSE Script Code / NSE Symbol | 523598 / SCI |
| ISIN | INE109A01011 |
Shipping Corp. FPO comprises a total issue size of 8,46,90,730 shares. The net offer to the public is 8,42,67,276 shares, after excluding 4,23,454 shares under a preferential allotment. Of the Net offer 4,21,33,638 (50.00%) are allocated to QIB, 1,26,40,091 (15.00%) allocated to NII 2,94,93,547 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 4,21,33,638 | 50.00% | 49.75% | NA |
| NII (HNI) Shares Offered | 1,26,40,091 | 15.00% | 14.92% | NA |
| Retail Shares Offered | 2,94,93,547 | 35.00% | 34.83% | 5,89,870 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,23,454 | 0.50% | NA | |
| Total Shares Offered | 8,46,90,730 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part funding theacquisition of certain vessels by the Company. | 63.78 |
| 2 | General corporate purposes. | |
| Total | 63.78 |
| KPI | |
|---|---|
| RoNW | 6.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 80.12% | |
| Market Cap | ₹6,521.19 Cr. |
The Shipping Corporation FPO is subscribed 4.92 times on December 3, 2010 5:00:00 PM (Day 4). The public issue subscribed 6.56 times in the retail category, 4.19 times in the QIB category, and 3.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.19 | 4,21,33,638 | |
| NII | 3.67 | 1,26,40,091 | |
| Retail | 6.56 | 2,94,93,547 | |
| Employee | 0.15 | 4,23,454 | |
| Total | 4.92 | 8,46,90,730 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead merchant bankers (including, underwriting commission, brokerage and selling commission, SCSB commission) | 4.72 |
| 2 | Fees to the Registrars to the Issue | 0.58 |
| 3 | Fees to the legal advisors | 1.34 |
| 4 | Others (Listing fees, Advertising and marketing expenses, monitoring agency and others) | 19.82 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹140.00 | ₹140.00 |
| Open | ₹136.90 | ₹138.00 |
| Low | ₹132.15 | ₹132.25 |
| High | ₹138.00 | ₹139.00 |
| Last Trade | ₹132.45 | ₹132.60 |
Shipping Corp. FPO is a main-board FPO of 8,46,90,730 equity shares of the face value of ₹10 aggregating up to ₹1,165 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 50.
The FPO opens on Tue, Nov 30, 2010, and closes on Fri, Dec 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 Tue, Nov 30, 2010 and closes on Fri, Dec 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 Wed, Dec 15, 2010.
