Cochin Shipyard is coming out with a 100% book building; initial public offering (IPO) of 3,39,84,000 shares of Rs 10 each in a price band Rs 424-432 per equity share. The issue will open for subscription on August 1, 2017 and will close on August 3, 2017. The shares will be listed on BSE as well as NSE.
The company will use the issue proceeds 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.
The book running lead managers to the issue are SBI Capital Markets, Edelweiss Financial Services and JM Financial Institutional Securities, while the compliance officer for the issue is V. Kala.
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and shiprepair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.
| Company Name | CMP |
|---|---|
| Mazagon Dock Ship | 2618.30 |
| Cochin Shipyard | 1561.45 |
| VMS Industries | 24.80 |
| Knowledge Marine & E | 1775.50 |
| Laxmipati Engineerin | 262.80 |
| View more.. | |
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