Institutional investors oversubscribed the stake by placing bids for 1.28 crore shares against the 59.19 lakh shares offered.
Retail buyers will bid to sell the shares on Thursday.
Under OFS, the government will provide Rs. 1540 plans to sell 5% stake. Accordingly, the total offer size will be up to 1.31 crores.
At the floor price, the sale of shares will bring the government exchequer Rs. 1,980 crores in revenue. The government currently holds 72.86% stake in Cochin Shipyard.
-
Stock trading
Stock markets made easy
-
Stock trading
RSI Trading Techniques: Mastering the RSI Indicator
-
Stock trading
ROC Made Easy: A Master Course for the ROC Stock Indicator
-
Stock trading
Renko chart patterns made easy
-
Stock trading
Dow theory simplified
-
Stock trading
Ichimoku Trading Unlocked: Expert Analysis and Strategies
-
Stock trading
A2Z of Stock Trading – Online Stock Trading Course
-
Stock trading
Technical Analysis Made Easy: An Online Certification Course
-
Stock trading
Options Trading Course for Beginners
-
Stock trading
Cryptocurrency Made Easy: Cryptocurrency Course
-
Stock trading
Options Trading Made Easy: Options Trading Course
-
Stock trading
Stock Investing Made Easy: An Introductory Stock Market Investment Course
-
Stock trading
Market 101: Insights into Trendlines and Momentum
-
Stock trading
Stock valuation made easy
-
Stock trading
Options Scalping Made Easy
OFS rules dictate that only retail investors and employees will be allowed to place their bids on Thursday. However, non-retail investors who placed their bids on Wednesday and chose to carry forward their unallocated bids to the next day will also be allowed to revise their bids.
Cochin Shipyard is one of India’s leading shipbuilding and repair yards and has a dedicated area for offshore construction and future expansion. It is one of the top 10 public sector undertakings in India.
On Wednesday, shares of Cochin Shipyard fell 5% on the NSE to Rs. closed at 1,588.35.
(You can now subscribe to our ETMarkets WhatsApp channel)