SCI or Shipping Corporation of India Limited has filed its RHP for its forthcoming FPO. The company has equity of 42.345 cr shares and a market cap of Rs Rs 6,991.16 crs based on the closing price of Rs 165.10 on Tuesday the 16th of November.

The company plans to sell 10% of its equity by way of a fresh issue and the Government plans to offer an equal quantity by way of divestment. Each tranche would consist of 4,23,45,365 shares making the total issue 8,46,90,730 equity shares. The size of the issue based on the closing price of Rs 165.10 would be Rs 1398.24 crs. This is without assuming any discount to the market price because all FPO’s are priced at a discount to the prevailing price as on the date of pricing.

The price earnings ratio of the company based on the net profit of Rs 450.46 crs for the half year ended September 2010 is 7.76 times.