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 Dates | 1 – 3 August 2017 |
| Price Band | INR424 – 432 per share |
| Fresh issue | 22,656,000 shares (INR960.61 – 978.74 crore) |
| Offer For Sale | 11,328,000 shares (INR480.31 – 489.37 crore) |
| Total IPO size | 33,984,000 shares (INR1,440.92 – 1,468.11 crore) |
| Minimum bid (lot size) | 30 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Disclosure : I will apply for this IPO.
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