SCI Mailer  | | Equity Shares offered through this Further Public Issue | 84,690,730 Equity Shares | | Of which | | Employee Reservation Portion | 423,454 Equity Shares available for allocation on a proportionate basis to the eligible employees | | Net Issue to public | 84,267,276 Equity Shares | | Of which | | 1. QIB Portion | 2,106,682 Equity shares available for allocation to Mutual Funds only and 40,026956 Equity shares balance for all QIB's including Mutual Funds. | | 2. Non-Institutional Portion | Not less than 12,640,091 Equity Shares available for allocation on a proportionate basis | | 3. Retail Portion | Not less than 29,493,547 Equity Shares available for allocation on a proportionate basis | | Pre and Post Offer Equity Shares | | | Equity Shares outstanding prior to the Issue | 423,453,645 Equity Shares | | Equity Shares outstanding after the Issue | 465,799,010 Equity Shares | | Use of Offer Proceeds | One of the objects of the Issue are to carry out the disinvestment of 42,345,365 Equity Shares by the Selling Shareholders (The President of India, acting through the Ministry of Shipping, Government of India) .The Company will not receive any proceeds from the Offer for Sale and all proceeds shall go to the Selling Shareholders.
The Company intends to utilize the Net Proceeds for the following objects:
(a) Part funding the acquisition of certain vessels by our Company; and
(b) General corporate purposes. | | BID/OFFER PROGRAMME | | Offer Opens | 30th November 2010 | | Offer Closes (QIBs) | 02nd December 2010 | | Offer Closes (Other Bidders) | 03rd December 2010 | | Minimum Bid quantity | 50 Equity shares
and in multiples of 50 Equity shares thereafter | | PRICE BAND | Rs. 135 - 140 per share | | | About SCI: | - SCI ("the company") was incorporated as 'Eastern Shipping Corporation Limited' on March 24, 1950 under the Companies Act, 1913 in Mumbai. With effect from October 2, 1961, Western Shipping Corporation Limited was amalgamated with the company under the Shipping Corporations Amalgamation Order, 1961, issued by the Government.
- The name of the company was changed from Eastern Shipping Corporation Limited to The Shipping Corporation of India Limited on October 21, 1961.
- The Company's fleet includes dry bulk carriers, very large crude carrier(VLCC) tankers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, phosphoric acid and chemical carriers, LPG and ammonia carriers, and offshore supply vessels.
- The Company's customers are primarily comprised of Government agencies, large industrial concerns, international oil companies and public sector undertakings.
- The Company's worldwide operations are supported by offices in the four metros of India, namely Mumbai, Delhi, Chennai and Kolkata and they also have an office in London.
- The Government bestowed the status of "Navratna" on the Company in August 2008 leading to enhanced delegation of powers to their Board, including, but not limited to, the areas of capital investment, formation of joint venture, and opening of new offices.
- The Company's performance has been rated "excellent", the highest rating, for 18 years pursuant to their Memorandum of Understanding with the Government.
| Disclaimer:
This report is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Shipping Corporation of India Limited. ("SCI" / "The Company") and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This report has been prepared from the extracts of the RHP. Any person who subsequently acquires equity shares of SCI must rely solely on the Offer Document issued in connection with the FPO, on the basis of which alone subscription for the equity shares may be made. In addition, investors should pay particular attention to the section of the Offer Document titled "Risk Factors". 
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