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SI.VI.Shipping IPO IPO

Mainline18 Feb 201421 Feb 2014
Open
18 Feb 2014
Close
21 Feb 2014
3
Allotment
Listing
Thu, Mar 6, 2014
Price Band
₹25 per share
Issue Size
27,42,000 shares (agg. up to ₹7 Cr)
Lot Size
6,000 Shares
Listing Date
Thu, Mar 6, 2014
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Live Subscription

CategorySubscription (times)
Total1.51x

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Working Capital Requirement0.50
2Repay certain unsecured loans availed by the company5.91
Total6.41

About SI.VI.Shipping IPO

SI. VI. Shipping Corporation Ltd (SVSC) is a new entrant to the Indian shipbuilding sector and proposes to develop a modern shipyard spread over 24 acres to build ships of up to 120 meter length at the Dahej Shipbuilding Park developed by Gujarat Maritime Board supported by Government of Gujarat, India.Its focus would be to bid for ships up to 120 meter length in cargo, offshore, and other specialized segments. Currently it is working as a subcontractor for fabrication of hull with L&T’s shipyard at Hazira. Immediately on incorporation, SVSC bagged order of fabrication and erection of aluminum hull for 7 high speed Interceptor boats from L&T’s Hazira Shipyard. The company has already executed the first boat in a record time.Today, almost 60% of the total fabrication work allotted by L&T’s Hazira Shipyard is done by them. In short span they also taken over operation of modern CNC machine for preparation of fabrication material for L&T’s Hazira Shipyard. Recently they have also been awarded piping work for high speed interceptor boats by L&T’s HaziraShipyard.+ Read More

Contact Details

SI.VI.Shipping Corp.Ltd. AddressOffice Block, 1st Floor, Plot No.237/2 & 3Central Park Society, GIDCPandesaraSurat, Gujarat, 394221+91 261 2894415/16investors@sivishipping.comVisit Website