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 till 1930 hours 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.
The IPO of public sector unit Cochin Shipyard is in a price band of Rs 424-432.
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