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October 23, Monday 2017 2:32 AM       

       HEADLINES: Sangh Parivar will divide India using Taj Mahal as weapon: Thomas Isaac                                              Notice sent to Dileep seeking explanation on security agency                                              Lake encroachment: Collector’s report is against Thomas Chandy                                              Expel Thomas Chandy from cabinet, says Chennithala                                              I’ve not seen the report, says Revenue Minister                                              Zakir Naik to be chargesheeted by NIA                                              Opp. parties have no 'authority' to question EC: Modi                                              Modi Govt. is 'a government of excuses': Congress                                              Rajini says 'Mersal' has addressed important issue                                              Anti-terror squad kills eight suspects in Karachi                                              Zardari accuses Sharif brothers of planning his murder twice                                              Swaraj meets B'desh PM discusses Rohingya crisis                                              Third gold for Anumol                                              School sports meet: Thangjam Singh strikes triple                                              Kohli smashes 31st ODI ton, surpasses Ponting's record                                              Srikanth blows away Lee to win Denmark Open                                              Kaumudi Facebook
       BUSINESS Next Article: Gold tops Rs 30,000-mark, spurred by safe haven appeal  
       Kochi Shipyard makes strong market debut after $225 million IPO
 
         Posted on :23:19:40 Aug 11, 2017
   
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       Last edited on:23:19:40 Aug 11, 2017
         Tags: Kochi Shipyard makes strong market debut afte
 

KOCHI: Kochi Shipyard settled at Rs. 522 on BSE, a premium of 20.83% over initial public offer price of Rs. 432 per share on its debut Friday, 11 August 2017.

Meanwhile, the S&P BSE Sensex fell 317.74 points or 1.01% at 31,213.59.

The stock opened at Rs. 435, a premium of 0.69% over issue price. The stock settled at the intraday high level. It had a hit a low of Rs. 435 in intraday trade. On the BSE, 32.45 lakh shares were traded on the counter.

The initial public offer (IPO) of Cochin Shipyard had received a stellar response from investors. It was oversubscribed 76.19 times. The IPO price band was fixed at Rs. 424-432 per share.

Kochi Shipyard is one of the leading ship building and ship repairing companies in India.

Kochi Shipyard's net profit rose 7% to Rs. 312.18 crore on 3.5% growth in net sales to Rs. 2059.49 crore for the financial year ended March 2017 (FY 2017) over the financial year ended March 2016 (FY 2016).

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       BUSINESS
Next Article: Gold tops Rs 30,000-mark, spurred by safe haven appeal
 
 
BUSINESS HEADLINES
Some rejig in GST rate structure required: Adhia  
Essar completes construction of Ro-Ro terminals in Gujarat  
Now, Air India looks for Rs 1,500 crore short term loans  
Govt incentivises online purchase, payment of Gold Bonds  
Modi praises IFFCO's efforts in farmers upliftment  
UAE Exchange India won Indcom Award 2017 for Best Digital Media Campaign  
Bajaj Finserv slashes personal loan interest rate to 11.99%  
AI looks for Rs. 1,500 crore short term loans  
Paytm reports Mega-Dhanteras sale  
Reliance Jio hikes 84-day plan to Rs. 459  
US dollar ends higher against rupee  
Gold worth inr 120cr transacted within 6 months: Paytm  
Commodities worth over Rs 120 cr procured at MSP in R'sthan  
Nifty hits fresh high; Sensex slips from record  
Sensex, Nifty retreats from record on profit booking  
Reliance Retail to be biggest threat to Amazon, Flipkart: Pai  
India undergoing 'exciting digital transformation: IMF  
Sensex hits new peak of 32,687.32; Nifty at 10,242.45 pts  
Digital India to contribute 30pct to India's GDP by 2025  
Bring real estate under GST: Sisodia writes to Jaitley  
IMF favors three structural reforms in India  
India must go for pollution-free methanol as fuel: Gadkari  
Indian Railways to start cheaper, faster Rajdhani between Delhi-Mumbai  
Help young entrepreneurs to set up startups: AP IT Minister Lokesh to officials  
Madhya Pradesh slashes VAT on petrol by 3%, diesel by 5%  
 
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