Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Tue, Feb 18, 2014 - Fri, Feb 21, 2014
SI.VI.Shipping IPO is a fixed price issue of ₹6.86 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹6.86 crore.
SI.VI.Shipping IPO bidding started from Feb 18, 2014 and ended on Feb 21, 2014. The shares got listed on BSE SME on Mar 6, 2014.
SI.VI.Shipping IPO price is ₹25 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to SI.VI.Shipping IPO RHP for detailed Information.
IPO Open
Tue, Feb 18, 2014
IPO Close
Fri, Feb 21, 2014
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹14.38 Cr
| IPO Date | 18 to 21 Feb, 2014 |
| Listed on | Thu, Mar 6, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,42,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,44,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.3600 Cr) |
| Reserved for Private Promoter | 11,58,000 shares (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 14,40,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 14,40,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 30,10,000 shares |
| Share Holding Post Issue | 57,52,000 shares |
| BSE Script Code | 537669 |
| ISIN | INE920P01019 |
SI.VI.Shipping IPO comprises a total issue size of 15,84,000 shares. The net offer to the public is 2,82,000 shares, after excluding 13,02,000 shares allotted on a firm basis. Of the Net offer 7,20,000 (50.00%) allocated to NII 7,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,20,000 | 50.00% | 45.45% |
| Retail Shares Offered | 7,20,000 | 50.00% | 45.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 9.09% | |
| Private Promoter Shares Offered | 11,58,000 | 73.11% | |
| Total Shares Offered | 15,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
SI. VI. Shipping Corporation Ltd (SVSC) is a new entrant to the Indian shipbuilding sector and proposes to develop a modern shipyard spread over 24 acres to build ships of up to 120 meter length at the Dahej Shipbuilding Park developed by Gujarat Maritime Board supported by Government of Gujarat, India.
Its focus would be to bid for ships up to 120 meter length in cargo, offshore, and other specialized segments. Currently it is working as a subcontractor for fabrication of hull with L&T’s shipyard at Hazira. Immediately on incorporation, SVSC bagged order of fabrication and erection of aluminum hull for 7 high speed Interceptor boats from L&T’s Hazira Shipyard. The company has already executed the first boat in a record time.
Today, almost 60% of the total fabrication work allotted by L&T’s Hazira Shipyard is done by them. In short span they also taken over operation of modern CNC machine for preparation of fabrication material for L&T’s Hazira Shipyard. Recently they have also been awarded piping work for high speed interceptor boats by L&T’s Hazira
Shipyard.
| 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 | Working Capital Requirement | 0.50 |
| 2 | Repay certain unsecured loans availed by the company | 5.91 |
| Total | 6.41 |
| KPI | |
|---|---|
| RoNW | 2.33% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 72.46% |
| Market Cap | ₹14.38 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹26.10 |
| Low | ₹26.10 |
| High | ₹26.10 |
| Last Trade | ₹26.10 |
Lead Manager Reports
SI.VI.Shipping IPO is a SME IPO of 27,42,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Feb 18, 2014, and closes on Fri, Feb 21, 2014.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SI.VI.Shipping IPO using UPI as a payment gateway. Zerodha customers can apply in SI.VI.Shipping IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SI.VI.Shipping IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SI.VI.Shipping IPO opens on Tue, Feb 18, 2014 and closes on Fri, Feb 21, 2014.
SI.VI.Shipping IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in SI.VI.Shipping IPO 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 SI.VI.Shipping IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SI.VI.Shipping IPO allotment status.
The SI.VI.Shipping IPO listing date is on Thu, Mar 6, 2014.
