Shipping Corporation of India Allotment Price

I am making small project on the topic Shipping Corporation of India Ltd and want details related to this company. Will you tell me about Shipping Corporation Of India Allotment Price also provide me other details which I can put it on my project report?

[Kiran Chandar]

Incorporated in 1950, Shipping Corporation of India Ltd (SCI) is India largest shipping companies handling around 35% of market share.

Company Promoters:

The promoters of the company is the President of India, acting through the Ministry of Shipping, Government of India (GoI).

Present paid-up Equity Share capital of GoI - 80.12%

Basis Of Allotment:

Further public issue of 84,690,730 equity shares of rs. 10 each ("equity shares") for cash at a price of rs. 140* per equity share of the shipping corporation of india limited (the "company") aggregating to rs. 11,647.28 million.

Issue Detail:

Issue Open: Nov 30, 2010 - Dec 3, 2010
Issue Type: 100% Book Built Issue FPO
Issue Size: 84,690,730 Equity Shares of Rs. 10
Issue Size: Rs. 1,164.73 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 135 - Rs. 140 Per Equity Share
Market Lot: 50 Shares
Minimum Order Quantity: 50 Shares
Listing At: BSE, NSE

Contact:

Company Contact Information
Shipping Corporation of India Ltd
Shipping House,
245, Madam Cama Road,
Mumbai - 400021, Maharashtra, India
Phone: (91 22) 2202 6666
Fax: (91 22) 2202 6906