Cochin Shipyard IPO: 3.16 times subscription on day 02 – The IPO of Cochin Shipyard subscribed 3.16 times on the second day. The issue is open for three days and today is the last day. According to the latest data from the NSE and BSE, The portion reserved for the institutional investors was subscribed 3.41 times. While the retail investor’s portion was oversubscribed 04 times and noninstitutional investors portion was subscribed 0.82 times.
Cochin Shipyard IPO Day 02 Subscription Details:
Investors can go to NSE / BSE websites to check the latest data. Today is the last day to fill the application forms for the Cochin Shipyard IPO. So, those investors who want to apply for the IPO must fill their applications today. Here is the latest figures from day 02:
The Cochin Shipyard IPO price range is set to Rs. 424-432 per share. The employees and the retail investors will get Rs. 21 discount on the issue. All the brokerage firms have issued subscribed call to the IPO. The Cochin Shipyard IPO is also doing good in the secondary markets. The grey market rate of Cochin Shipyard IPO rose to Rs. 200 today. As per the experts, this is good IPO for investment as well as listing gains. Some of the experts are suggesting that the fair price of this IPO is around Rs. 575. So, one can expect good listing gains on a listing day. Those who want to keep it in their portfolio can also do it as the fundamentals of the company is very sound.
Investors should check our website for the other news related to the Cochin Shipyard IPO such as Cochin Shipyard IPO Allotment Status and Cochin Shipyard IPO Listing Dates etc. We update our main page with all the latest information every day. So, one should check the main page of our website every day for all news related to the current IPOs.