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Sunday 30 July 2017

Cochin Shipyard IPO

Cochin Shipyard is a well known PSU, incorporated in 1972.  Government is coming  with its IPO which will be open on 1st aug till 3rd aug. In the  total, 33,984,000 shares will be sold in Cochin Shipyard IPO through a mix of fresh shares and an Offer For Sale (OFS). This means the IPO will end up monetizing funds in the range of INR1,440.92 – 1,468.11 crore. There will be a discount of INR21 per share on the price band of INR424 – 432 per share for retail investors. 

Cochin Shipyard IPO details
Subscription Dates1 – 3 August 2017
Price BandINR424 – 432 per share
Fresh issue22,656,000 shares (INR960.61 – 978.74 crore)
Offer For Sale11,328,000 shares (INR480.31 – 489.37 crore)
Total IPO size33,984,000 shares (INR1,440.92 – 1,468.11 crore)
Minimum bid (lot size)30 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Disclosure : I will apply for this IPO.

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