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Cochin Shipyard OFS gets 3.5x bids; govt exercises greenshoe
Cochin Shipyard's Offer for Sale saw strong demand from non-retail investors. The issue was subscribed 3.52 times on the first day of bidding. This robust interest prompted the government to utilize the entire greenshoe option. The Offer for Sale will now open for retail investors and employees. The floor price for this share offering was set at ₹1,400.
Market Pulse: Key triggers to watch before the July 8 trading session
Indian investors will track the continuing attacks on tankers by Iranian forces, which are increasing concerns among shipowners. Oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, may remain on investors’ radar amid developments in crude markets. Also, the government has decided to exercise the entire green shoe option in the Cochin Shipyard Offer for Sale (OFS) after strong investor response on the first day. Further, US markets are trading higher as investors rotate away from artificial intelligence-linked stocks. Oil prices remain in focus after vessel attacks in the Persian Gulf, with potential supply concerns keeping crude markets under watch.
Stocks to Watch for July 8: Cochin Shipyard, RCF, Uno Minda and more
From RCF board approving a fund raise up to ₹1,500 crore via FPO to Advait Energy Transitions securing a ₹51.62 crore turnkey contract, these are some stocks to track ahead of Wednesday trading session.
Cochin Shipyard OFS: Govt to exercise green-shoe option after 3.52x Day 1 subscription
The government will now sell the full 5.04% stake in the state-owned shipbuilder.
Cochin Shipyard OFS subscribed 3.52 times on Day 1; retail investors get to bid tomorrow
The government's Cochin Shipyard offer for sale drew robust institutional demand, with the non-retail portion subscribed 3.52 times, prompting the full green-shoe option. Retail bidding opens next, while the sale advances the government's disinvestment and public float expansion objectives.
Cochin Shipyard OFS oversubscribed 3.52x; govt to exercise full green shoe option
Shares of Cochin Shipyard Ltd ended at ₹1,448.30, down by ₹56.45, or 3.75%, on the BSE.
Govt to tap full green shoe option on firm demand for Cochin Shipyard OFS
Cochin Shipyard's OFS received bids worth 3.52 times the shares on offer on Day 1, prompting the government to exercise the entire green shoe option
Top Gainers & Losers on 7 July: Trent, Kalyan Jewellers, Cochin Shipyard, Tejas Networks, BSE among top losers
The Indian stock market's bull run ended on July 7 as benchmark indices fell due to profit booking, particularly in auto and metal sectors, despite gains in IT stocks. The Nifty 50 settled 0.25% lower, while Sensex dropped 387 points, breaking their winning streak.
Cochin Shipyard drops after government initiates stake sale via OFS
Cochin Shipyard declined 3.77% to Rs 1,448 after the Government of India launched an offer for sale (OFS) to divest up to a 5.04% stake in the state-owned shipbuilder.
Cochin Shipyard falls 5% as govt launches OFS; should you participate?
Cochin Shipyard OFS: The government has announced to sell up to 5 per cent stake in Cochin Shipyard at a floor price of ₹1,400 per share through an offer for sale beginning Tuesday.
Cochin Shipyard share price falls 4% as OFS opens today for non-retail investors. Details here - livemint.com
Cochin Shipyard share price falls 4% as OFS opens today for non-retail investors. Details herelivemint.com
Stock Alert: Trent, Titan Company, Varun beverages, Cochin Shipyard
Varun Beverages wholly owned subsidiary, VBL Industries (Kenya) has entered into an agreement to acquire dairy beverages, juices and packaged drinking water of Devyani Food Industries (Kenya) for total consideration of $32 million (Rs 305 crore).