Tag: Shipping corporation of India
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IPO round up – 15th Dec
Punjab and Sind Bank IPO – Last day The subscription for P&S Bank on 15th was QIB 50 times, HNI 23 times and Retail 8.4 times – huge over subscription !! Retail can easily go up tomorrow to 25-30 times – sounds like a repeat of MOIL in terms of over subscription The offer is…
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SCI FPO analysis – closing review on 6th Dec
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…
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SCI FPO analysis – closing 3rd Dec
Key points Business aspects SCI commands 35% of the Indian flagged tonnage, which again is about 10-11% of India’s ports based import export. Foreign carriers dominate, but this may change soon. Exports and imports are growing by 21.4 per cent and 23.2 per cent this year, which are largely executed through shipping. This indicates a…
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