Analysis and Insights into the world of IPOs and investing in India

Wednesday, December 15, 2010

Shipping Corporation FPO shares to trade from today

Shipping Corporation FPO shares would be listed and permitted to trade from today. Shipping Corporation of India FPO was finally oversubscribed 4.92 times on an overall basis.

The FPO had opened for subscription from Tuesday, November 30, 2010 and consisted of 84,690,730 Equity Shares of Rs.10/- each in a price band of Rs.135/- to Rs.140/- per equity share. The Issue Price was fixed at the cap price of the price band with a 5% Discount on the final Issue Price to the Retail category of Investors
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