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Aug 02, 2017 11:50 AM IST | Source: Moneycontrol.com

Cochin Shipyard IPO fully subscribed on Day 2

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

Cochin Shipyard IPO fully subscribed on Day 2

Moneycontrol News

The initial public offer of Cochin Shipyard was fully subscribed on the second day of the issue. Further, the bids outnumbered number of shares on offer and was oversubscribed 1.17 times.

The IPO received bids for 3,95,95,950 shares against the total issue size of 3,39,84,000 shares, data available with the NSE as of 11:15 am showed.

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

The portion set aside for qualified institutional buyers (QIBs) was subscribed 72 per cent and non-institutional investors 22 percent. Retail investors category was oversubscribed 1.57 times.

The IPO of 3,39,84,000 equity shares is in a price band of Rs 424-432 and will close on Thursday.

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