Cochin Shipyard IPO a Huge Hit, Oversubscribed 76 Times

Posted By: Religare
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The initial share sale offer of Cochin Shipyard garnered strong demand from investors with the issue getting oversubscribed 76.12 times on the last day of the bidding, reported PTI.

Cochin Shipyard IPO a Huge Hit, Oversubscribed 76 Times

The IPO, to raise up to Rs 1,468 crore, received bids for over 258 crore shares against the total issue size of 3,39,84,000 shares, data available with the NSE showed.

The category reserved for qualified institutional buyers (QIBs) was oversubscribed 63.52 times, non-institutional investors 288.87 times and retail investors 8.28 times.

Till close of bidding yesterday, the IPO was oversubscribed 3.16 times.

Read more about: ipo, investment, nse, bse
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