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

Wednesday, December 1, 2010

Shipping Corporation of India FPO covered 44 percent till second day

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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