Branch2 Intelligence
Cochin Shipyard OFS gets 3.5x bids; govt exercises greenshoe
Key takeaway
Cochin Shipyard OFS gets 3.5x non-retail bids, greenshoe fully exercised at ₹1,400 floor price.
- Step 11st-order: Cochin Shipyard OFS receives 3.5x non-retail bids, greenshoe fully exercised at ₹1,400 floor price.
- Step 22nd-order: Retail investors and employees subscribe to OFS, driving demand and supporting stock price.
- Step 33rd-order: Cochin Shipyard uses proceeds for capacity expansion and working capital, boosting order book and revenue.
Source: IN:Economic Times
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