IPO Synopsis
| Shipping Corporation of India Ltd |
|---|
| Registered Office: Shipping House,245 Madame Cama Road,Mumbai-400021, Maharashtra |
| Tel. No: 91-22-22772213 |
| Fax No: 91-22-22026906 |
| Email: cmdoffice@sci.co.in; swapnita.rane@sci.co.in |
| Website: www.shipindia.com |
| Further public issue of 84,690,730 equity shares of Rs. 10 each ("Equity Shares") for cash at a price of Rs. 140* per equity share of The Shipping Corporation of India Limited (The "Company") aggregating to Rs. 1164.73 crores (The "Issue"). The issue comprises of a fresh issue of 42,345,365 equity shares by the company (The "Fresh Issue") 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 "Selling Shareholder"). The issue comprises a net issue to the public of 84,267,276 equity shares ("The Net Issue") and a reservation of up to 423,454 equity shares for subscription by eligible employees ("The Employee Reservation Portion"). The issue would constitute 18.18% of the post issue paid-up equity capital of the company and the net issue would constitute 18.09% of the post issue paid-up equity capital of the company. Issue price : Rs. 140* per equity share of face value of Rs. 10 each The issue price is 14.0 times the face value. *Based on the Retail and Employee Discount, the issue price for both Retail Individual bidders and Eligible Employees will be Rs. 133 |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 30-Nov-2010 | 03-Dec-2010 | ₹140.00 - 0.00 | |
| Minimum Application for shares in Nos : 50.0 | Further Multiples of :50.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 0.00 | ICICI Securities Ltd |
| Project Financed through Current Offer | 1,164.73 | IDFC Capital Ltd |
| Post Issue Equity Share Capital | 465.80 | SBI Capital Markets Ltd |
| Issue Price | 140.00 |
| Projects |
|---|
| Part funding the equity portion for acq. of vessel |
| General corporate purposes |
| Promoted By |
|---|
| The President of India |
| Listing At |
|---|
| BSE |
| NSE |
| Kolkata |
| Delhi |
| Chennai |
| Registrar To The Issue |
|---|
