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Business EconomyPosted at: Aug 11 2017 3:26PM


Cochin Shipyard lists at premium on BSE and NSE

Mumbai, Aug 11(UNI)Cochin Shipyard Limited got listed at Rs 435 per share as against its issue price of Rs 432 per share on BSE On BSE it recorded a day high of Rs 522 and low of Rs 435 so far during the day
While on NSE it listed at a premium of 1.8 percent at 440.15 per share as against its issue price of Rs 432 per share and touched day high of Rs 528.15 and low of Rs 435 so far during the day The IPO of the company was oversubscribed by 76.19 times on its last day of subscription on August 3.

The company proposes to utilise the net proceeds of the issue for (setting up of a new dry dock within the existing premises of the company (Dry Dock),setting up of an international ship repair facility at Cochin Port Trust area (ISRF) and general corporate purposes.

SBI Capital Markets, Edelweiss Financial Services and JM Financial Institutional Securities were the Book Running Lead Managers (BRLMs) to the Issue. The equity shares of the company are listed on BSE Limited and National Stock Exchange of India Limited.
UNI JS NV SM1459
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