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 the total issue size of 3.39 crore (3,39,84,000) shares, data available with the NSE till 3.45 pm showed.
Public sector unit Cochin Shipyard aims to raise up to Rs 1,468 crore through its share sale offer.
Till the 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 book-running lead managers to the issue.