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Thursday, December 2, 2010

Shipping Corporation of India FPO bid 2.33 times till Day 3, December 2, 2010

The FPO of SCI Ltd., which closed for subscription today for the QIB Category has been bid 2.33 times on an overall basis till Day 3, December 2, 2010. The response from the Retail Investors has been lukewarm so far with the category getting bid around 0.56 times until now

Shipping Corporation of India FPO would close for subscription for other categories of investors tomorrow, i.e. on Friday, December 3, 2010. The Equity Shares are offered in a price band of Rs.135/- to Rs.140/- per equity share. The bid lot is fixed at 50 Equity Shares and in multiples thereof. Retail Investors would be offered a discount of 5% on the final issue price, which will be fixed after the closure of the issue

SBI Capital Markets Ltd., IDFC Capital Ltd., and ICICI Securities Ltd. are the Book Running Lead Managers to the issue, whereas Karvy Computershare Pvt. Ltd. is the Registrar to the Issue

Check back Indian IPO Blog for regular updates on Shipping Corporation of India FPO!


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