Cochin Shipyard Ltd Can File Draft Papers For IPO Soon:
As told before also that the Government Of India is planning to get Cochin Shipyard Ltd listed in market in order to meet its divestment plans for the year. Now as per sources Cochin Shipyard Ltd can file draft papers for its IPO till the end of this month .
Cochin Shipyard Ltd (CSL) is one of the major shipbuilding and maintenance facilities in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.
Cochin Shipyard Ltd has hired investment bankers including JM Financial Institutional Securities, SBI Capital Markets and Edelweiss Financial Services Ltd for its IPO.
The IPO of Cochin Shipyard Ltd can fetch around Rs 600 crore for the company. The proceeds from fresh issue of shares under the IPO would be utilized to fund the company’s future growth plans.
According to the Sources the eligible employees and retail investors may be offered shares at a discount of 5 per cent on the issue price.
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L&T Technology IPO bidding is going to start from September 12, 2016.
GNA Axles Ltd IPO bidding also going to start from September 14, 2016 – September 16, 2016.
After that ICICI Prudential Life Insurance IPO will open on September 19,2016 and will close on September 21, 2016.
1 BSE SME IPO, Radhika Jeweltech Ltd IPO (RJL IPO) is going to open from September 12, 2016 – September 20, 2016.
There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.
So Keep watching this blog to keep yourself updated with all the news.
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Latest Grey Market Premium (GMP) of L&T Technology IPO (LTT IPO) is between Rs 35 – Rs 42 per equity share. While Current Grey Market Premium (GMP) of ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) is between Rs 18 – Rs 22 per equity share.
GNA Axles Ltd IPO (GNA Axles IPO) Grey Market Premium (GMP) between Rs 14 – Rs 17 per equity share.