Cochin Shipyard To List Shares On August 11

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Cochin Shipyard, which saw strong demand from investors for its initial share sale offer, will list its shares on the bourses on Friday. 

The initial share sale offer of Cochin Shipyard was oversubscribed 76.19 times during 1-3 August.

Cochin Shipyard To List Shares On August 11

The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 63.52 times, noninstitutional investors 288.87 times and retail investors 8.51 times.

The IPO of Rs 1,468 crore of public sector unit Cochin Shipyard was in a price band of Rs 424-432.

SBI Capital Markets, Edelweiss Financial Services, and JM Financial Institutional Securities were the book running lead managers to the issue. Cochin Shipyard IPO: Should You Invest? 

Read more about: cochin shipyard, ipo
Story first published: Thursday, August 10, 2017, 16:50 [IST]
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