 "Nitin Gadkari, Cochin Shipyard, BSE")
After successfully completing its initial public offer (IPO) recently, Cochin Shipyard Ltd (CSL) has lined up expansion projects worth Rs 2,800 crore. The IPO's proceeds will be utilised to fund these expansions.
CSL, which comes under the Ministry of Shipping, was listed on the BSE and the National Stock Exchange last week.
The company has raised Rs 1,442 crore from the IPO, which has been a combination of fresh issue and offer for sale in the ratio of 2:1. The IPO was oversubscribed by over 75 times with more than Rs 1.11 lakh crore being raised against the offer of
