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Wednesday, December 1, 2010

Shipping Corporation of India (SCI) Follow-on Public Offer, which opened for subscription yesterday, has received a lukewarm response till Day 2 of its opening with the FPO getting bid 0.44 times on an overall basis till the second day. The Retail Category has been bid about 14% or 0.14 times, while the QIB Category is bid 0.77 times till Day 2

SCI FPO consists of 84,690,730 Equity Shares of Rs.10/- each in a price band of Rs.135/- to Rs.140/- per equity share. The Retail Category would get a discount of 5% on the Issue Price. Shipping Corporation of India Ltd (SCI) is a “Navratna” company and is India’s largest shipping companies handling about 35% of market share

Click here for SCI FPO Subscription Status till second day


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