Page 3 - Cochin Shipyard Limited
After IPO success, Cochin Shipyard lines up Rs 2,800-cr expansion projects
Cochin Shipyard, which successfully completed its IPO recently, has lined up expansion projects worth Rs 2800 crore. The proceeds of IPO to the tune of Rs 961 crore will be utilised to fund these expansions.Cochin Shipyard under the Ministry of Shipping was listed in Bombay Stock Exchange and 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 Rs 1,442 crore.The issue also saw a strong interest from retail segment with over 20 lakh applications, the highest in the last decade.The QIB portion was over subscribed by over 63 times and the HNI portion was over subscribed by 287 times. After listing the shares in the exchange, they opened at 20 per cent increase despits the markets being low.The proceeds of the fresh issue part of the IPO, totaling around Rs 961 ...
 "After IPO success, Cochin Shipyard lines up Rs 2,800-cr expansion projects")
Cochin Shipyard to foray into inland vessel building segment
Company to form JV with shipping ministry arm
 "Cochin Shipyard to foray into inland vessel building segment")
Cochin Shipyard Limited won't be privatised, Minister assures trade union
CSL is building two passenger-cum-cargo ships with 500 passengers and 150-tonne cargo capacity
 "Cochin Shipyard Limited won't be privatised, Minister assures trade union")