Fw: FPO Update - Shipping Corporation of India Ltd

Shipping Corporation of India Ltd Price Band: Rs 135 to Rs 140 Issue Opens on: November 30, 2010 | Issue Closes on: December 3, 2010 Issue Opens: November 30, 2010 Issue Closes: December 3, 2010 Lot Size: 50 Shares & in multiples of 50 shares thereafter Price Band: Rs135 - Rs140 Issue size: Rs 1,185 crore * (5% discount on issue price to retail investors and employees) Issue highlights (source: BRLM/RHP) Shipping Corporation of India Ltd (SCI) is India's largest shipping company having a market share of 35%. It holds "Navratna" status. The promoter of SCI is the President of India, acting through the Ministry of Shipping, Government of India (GoI). The company's 26 vessels on order (expected to be delivered between 2011 and 2013) and an additional order for 20 more vessels planned for FY2011 will result in a sharp increase in its current fleet strength of 77. Going forward, SCI plans to invest $4 billion to double its tonnage capacity from the current 5.37 million dead weight tonnage (DWT) to around 10 million DWT over the next five years. SCI's fleet includes dry bulk carriers, very large crude carriers (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. SCI's customers primarily comprise of government agencies, large industrial concerns, international oil companies and public sector undertakings. Click to Invest Now or Call Dial N Trade on 1-800-22-7050 / 30307600 Alternatively you can also drop in at our nearest Sharekhan Outlets and collect the IPO forms. Sharekhan Ltd.: BSE Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; MAPIN - 100008375; DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP000000662. Sharekhan Commodities Pvt. Ltd.: MCX-10080; NCDEX-00132; MAPIN - 100013912, for any complaints email at igc@sharekhan.com. Regd/Admin Add:- Lodha iThink Techno Campus, 10th Floor, Beta Building, Off. JVLR, Opp. Kanjurmarg Station, Kanjurmarg (East), Mumbai 400 042, Maharashtra. Please carefully read the risk disclosure document as prescribed by SEBI & FMC and Do's & Don'ts by NCDEX. Disclaimer: Investments in equity is subject to market risks. You are advised to carefully read the red herring prospectus of the company go through all the Risk Factors mentioned in the offer document issued by the fore investing. The investment as mentioned in the document may not be suitable for all investors. Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary.