The FPO price fixed today is Rs 140 – high end of range
The Retail and HNI subscriptions piled up on the last day of FPO and surprised on the upside. Retail is 6.5 times over and HNI 3.7
Seeing the numbers retail investor can at max expect around 240 shares worth Rs. 31-33,000. Quite smaller allocation than our pre- FPO expectations
Retail over-subscription was more than HNI – this is a new trend.
Employee quota was very small and under subscribed, this may move to retail.
General market directions look positive, and I expect the price will rise slowly after FPO shares are allotted.
After this very successful FPO, SCI has promptly announced $3 billion worth of capital investments over the next 3 years. This will double the gross tonnage over next 7 years. Positive signs indeed !!
