Further public issue of 84,690,730 equity shares of Rs. 10 each (Equity Shares) for cash at a price of Rs. 140* per equity share of The ShippingCorporation of India Limited (The Company) aggregating to Rs. 1164.73 crores (The Issue). The issue comprises of a fresh issue of 42,345,365 equity shares by the company (The Fresh Issue) and an offer for sale of 42,345,365 equity shares by The President of India, acting through the Ministry of Shipping, Government of India (The Selling Shareholder). The issue comprises a net issue to the public of 84,267,276 equity shares (The Net Issue) and a reservation of up to 423,454 equity shares for subscription by eligible employees (The Employee Reservation Portion). The issue would constitute 18.18% of the post issue paid-up equity capital of the company and the net issue would constitute 18.09% of the post issue paid-up equity capital of the company.Issue price : Rs. 140* per equity share of face value of Rs. 10 eachThe issue price is 14.0 times the face value.*Based on the Retail and Employee Discount, the issue price for both Retail Individual bidders and Eligible Employees will be Rs. 133