Shipping Corporation of India Ltd IPO

Closed

Subscription Details

  • Open Date 30 Nov
  • Close Date 03 Dec
  • Lot Size 50
  • IPO Size ₹ 1164.73 Cr
  • IPO Price Range ₹ 140
  • Min Investment ₹ 7000

Shipping Corporation of India Ltd IPO Timeline

Open Date
30 Nov
Close Date
03 Dec
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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. 1164.73 crores (The Issue). The issue comprises of a fresh issue of 42,345,365 equity shares by the company (The Fresh Issue) and an offer for sale of 42,345,365 equity shares by The President of India, acting through the Ministry of Shipping, Government of India (The Selling Shareholder). The issue comprises a net issue to the public of 84,267,276 equity shares (The Net Issue) and a reservation of up to 423,454 equity shares for subscription by eligible employees (The Employee Reservation Portion). The issue would constitute 18.18% of the post issue paid-up equity capital of the company and the net issue would constitute 18.09% of the post issue paid-up equity capital of the company. Issue price : Rs. 140* per equity share of face value of Rs. 10 each The issue price is 14.0 times the face value. *Based on the Retail and Employee Discount, the issue price for both Retail Individual bidders and Eligible Employees will be Rs. 133

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Shipping Corporation of India Ltd IPO

Contact Information

Address

Shipping House,
245 Madame Cama Road,
Mumbai, Maharashtra 400021

Shipping Corporation of India Ltd IPO Lead Manager

ICICI Securities LtdIDFC Capital LtdSBI Capital Markets Ltd
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