Cochin Shipyard OFS sees bids over ₹2,900 cr
pre-market1 source ↓written by the desknot a recommendation
- for the government's
- ₹2,900 cr
- reserved portion
- 3.52 times
- bid
- 2.10 crore shares
- available
- 59.66 lakh shares
- can participate starting
- 8 July
Institutional investors have placed bids exceeding ₹2,900 cr for the government's stake sale in Cochin Shipyard, oversubscribing the reserved portion by 3.52 times. Non-retail buyers bid for over 2.10 crore shares against 59.66 lakh shares available. Retail investors can participate starting 8 July. This strong demand indicates robust interest in the shipbuilding sector.
Not investment advice. For informational purposes only.