shipping corp FPO date and valuation

shipping corp FPO date is 30 Nov 2010 so interested applicant can bid on shipping corp (SCI) FPO from 30 November.

shipping corporation fpo price band expected between Rs135 – Rs140 and retail bidders will get 5% discount on issue price.

shipping corporation FPO Valuation: shipping corporation will report profit of Rs 1020 cr. for this FY11 financial year so EPS comes at Rs 24 and P/E of 5.83 so the FPO price band is attractive for short and long term investment.

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