Shipping Corporation of India FPO opens for subscription

The Follow-on Public Offering (FPO) of Shipping Corporation of India Limited opened for subscription by investors today - November 30, 2010. The company has come out with public issue of 84,690,730 equity shares of Rs. 10 each for cash at a price band of Rs 135 to Rs 140 through 100% book building process.

The Minimum Order Quantity is 50 Equity Shares an in multiples of 50 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

SBI Capital Markets Limited, IDFC Capital Limited and ICICI Securities Limited are the book running lead managers to the issue. SBICAP Securities Limited and Sharekhan Limited are the syndicate members to the issue.

Karvy Computershare Private Limited is the registrar to the company.

The FPO closes for subscription on Dec 3 2010. For QIB bidders issue closes on Dec 2, 2010.

Source : Equity Bulls

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