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Cochin Shipyard To List Shares On August 11
Cochin Shipyard, the largest public sector shipyard company, will make a debut on exchanges on Friday, August 11. The issue price is fixed at higher end of price band of Rs 424-432 per share.
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.
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?
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