Cochin Shipyard IPO
Cochin Shipyard Limited (COCHINSHIP) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 11 August 2017.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,65,80,000 | 1,05,31,02,210 | 63.5x | |
| NII (HNI) total | 49,74,000 | 1,43,68,47,000 | 289x | |
| Retail | 1,16,06,000 | 9,87,37,050 | 8.51x | |
| Employees | 8,24,000 | 3,93,210 | 0.48x | |
| Total | 3,39,84,000 | 2,58,90,79,470 | 76.2x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Cochin Shipyard's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Housing and Urban Development CorporationMay 2017 | 55.5x | 330x | 10.8x | 79.5x | ₹2,125 Cr | +21.7% | +29.8% |
| RBL BankAug 2016 | 85.1x | 198x | 5.70x | 69.6x | ₹1,219 Cr | +21.9% | +35.8% |
| BSEJan 2017 | 48.6x | 159x | 6.48x | 51.2x | ₹1,243 Cr | +34.6% | +48.9% |
| S Chand and CompanyApr 2017 | 44.3x | 205x | 6.07x | 59.5x | ₹737 Cr | +4.5% | +4.5% |
| Thyrocare TechnologiesApr 2016 | 73.2x | 225x | 8.73x | 73.5x | ₹479 Cr | +49.1% | +49.1% |
| Avenue SupermartsMar 2017 | 145x | 278x | 7.51x | 105x | ₹1,895 Cr | +100.7% | +117.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
| JM Financial Institutional Securities | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Cochin Shipyard IPO price band and lot size? ₹424–432 per share, with a lot of 30 shares, so the smallest retail bid is ₹12,960.
How many times has it been subscribed? 76.2x overall: QIB 63.5x, NII 289x, retail 8.51x, employees 0.48x.
How did it list? It opened at ₹440, +1.9% against the issue price of ₹432, and closed its first day +22.3%.
