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Cochin Shipyard to debut on bourses tomorrow

Press Trust of India  |  New Delhi 

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

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


The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 63.52 times, non institutional 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.

Capital Markets, Edelweiss Financial Services and Institutional Securities were the book running lead managers to the issue.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 13:42 IST
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