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Aug 03, 2017 05:21 PM IST | Source: PTI

Cochin Shipyard IPO oversubscribed 72 times so far on last day

Public sector unit Cochin Shipyard aims to raise up to Rs 1,468 crore through its share sale offer.

Cochin Shipyard IPO oversubscribed 72 times so far on last day

The initial share sale of Cochin Shipyard saw robust demand from investors with the offer getting oversubscribed by 72.49 times on the last day of the bidding today.

The IPO received bids for over 246 crore shares against total issue size of 3.39 crore (3,39,84,000) shares, data available with the NSE till 3.45 pm hours showed.

Public sector unit Cochin Shipyard aims to raise up to Rs 1,468 crore through its share sale offer. Till close of bidding yesterday, the IPO was oversubscribed 3.16 times. The IPO is in a price band of Rs 424-432.

SBI Capital Markets, Edelweiss Financial Services and JM Financial Institutional Securities are the books running lead managers to the issue.
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