Cochin Shipyard, which saw strong demand from investors for its initial share sale offer, will list its shares on the bourses tomorrow.
The initial share sale offer of Cochin Shipyard was oversubscribed 76.19 times during August 1–3. The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 63.52 times, non-institutional investors 288.87 times and retail investors 8.51 times.
The IPO of Rs 1,468 crore of public sector unit Cochin Shipyard was in a price band of Rs 424–432.
SBI Capital Markets, Edelweiss Financial Services and JM Financial Institutional Securities were the book running lead managers to the issue.