Fw: Shipping Corporation of India Ltd- FPO

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". -- If you do not want to receive any newsletters,visit this link

**[investwise]** Trade Like Warren Buffett? (101130)

 

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Fw: MOIL India's Largest Producer of Manganese Ore

 

MOIL LIMITED [Manganese Ore (India) Limited]

Equity Shares offered through this Offer 33,600,000 Equity Shares Of which Employee Reservation Portion 672,000 Equity Shares available for allocation on a proportionate basis Net Offer to public 32,928,000 Equity Shares Of which 1. QIB Portion At least 16,464,000 Equity Shares available for allocation on a proportionate basis 2. Non-Institutional Portion Not less than 4,939,200 Equity Shares available for allocation on a proportionate basis 3. Retail Portion Not less than 11,524,800 Equity Shares available for allocation on a proportionate basis   Pre and Post Offer Equity Shares   Equity Shares outstanding prior to the Offer 168,000,000 Equity Shares Equity Shares outstanding after the Offer 168,000,000 Equity Shares   Use of Offer Proceeds The objects of the Offer are to carry out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders and to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholders.   BID/OFFER PROGRAMME Offer Opens 26th November 2010 Offer Closes (QIBs) 30th November 2010 Offer Closes (Retail and Non-Institutional Bidders) 1st December 2010   PRICE BAND 340 to 375 Minimum Bid quantity 17 Equity shares and in multiples of 17 Equity shares thereafter Maximum Bid quantity 527 Equity shares for retail and eligible employees.

About MOIL:

MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. The company's reserves of manganese ore are reported to be around 69 million tonnes. As on September 30, 2010, the company's reported Cash and Bank balance is around Rs 1700 Crores. The company was granted the Mini-Ratna public sector company status in 2008. The company was the largest producer of manganese ore by volume in India in Fiscal 2008. Net sales Rs.9693.95 million and PAT Rs.4656.20 million in FY 2010, EPS of 27.72 for FY 2010.

 

Fw: Daring Derivatives: Bears destructive

Daring Derivatives [For November 26, 2010] Sharekhan www.sharekhan.com Summary of Contents DARING DERIVATIVES Derivatives Summary Nifty (December) futures? premium increased from 20.75 points to 48.35 points; Nifty futures started the series with 2.65 crore shares in open interest. Total open interest in the market was Rs115,000 crore and Rs63,500 crore got reduced in open interest. Market wide rollover was 85.49% whereas the rollover in Nifty futures was 75.04% v/s 69.26%.   Click here to read report: Daring Derivatives   Regards, The Sharekhan Research Team myaccount@sharekhan.com Manage your newsletter subscriptions

Fw: Eagle Eye: Extension

Eagle Eye (equities) [For November 26, 2010] Sharekhan www.sharekhan.com  Summary of Contents   PUNTER'S CALL   Extension The Nifty slipped again forming lower lows, which is a concern for the market going forward... SMART CHART CALLS   MOMENTUM CALLS   Click here to read report: EagleEye     Regards, The Sharekhan Research Team myaccount@sharekhan.com Manage your newsletter subscriptions

Fwd: Bombay Stock Exchange-IPF Sponsored Research Reports

 

Bombay Stock Exchange has introduced its Sponsored Research Initiative to address the needs of its listed companies and their investors. Under the Initiative, each participating company will be covered by empanelled research houses and research reports generated will be available free of charge. Check this page for more research reports.

The goal of this initiative is to create and disseminate company-specific research reports focused on small and mid-cap companies in a standardised format accessible to the retail investor. These reports contain analysis and views on company fundamentals including industry overview, company�s business, profitability and competitive landscape.

Research Reports are currently available for the following companies.

Scrip Code	Company Name	Initiation Report	Updates
533179	Persistent Sys	Download	Download
533098	NHPC	Download	Download
532926	Jyothy Lab	Download	Download
532787	Ess Dee Alum	Download	Download
532684	Everest Kanto	Download	Download
532682	ABG Shipyard	Download	Download
532654	Mcleod Russel	Download	Download
532629	Mcnally Bharat	Download	Download
532508	JSL Stainless	Download	Download
532259	Apar Inds	Download	Download
523838	Simplex Infra	Download	Download
517146	Usha Martin	Download	Download
509930	Supreme Inds	Download	-
509488	Graphite India	Download	Download
506690	Unichem Lab	Download	Download
500840	EIH	Download	Download
500472	SKF India	Download	Download
500403	Sundram Fast	Download	Download
500186	Hindustan Oil	Download	Download
500165	Kansai Nerolac	Download	Download

For any queries/suggestions kindly write to us at: independent.research@bseindia.com

Regards,
Independent Research Cell

Source:bseindia.com