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August 16, Wednesday 2017 6:58 PM       

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       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
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Sensex, Nifty snap 5-week winning streak on profit-booking  
200 Indian business reps see great investment opportunities in Kazakhstan  
FICCI for substantial slash in policy rates by RBI  
Kochi Shipyard makes strong market debut after $225 million IPO  
Gold tops Rs 30,000-mark, spurred by safe haven appeal  
Govt has not written off single rupee of corporate loans: FM  
Sensex losses mount on global sell-off, dives 336 pts  
Def Min wants non-lapsable capital fund; writes to finance min  
Parijat Industries builds war chest of international trademarks in 45 countries  
Sensex closes at 1-mth low, hit by losses for 4th day  
Rupee wobbles on global tensions, dives 21 paise to 63.84  
Denial of benefit over lack of Aadhaar is breach of norms  
Nifty ends below 10,000, drops 79 pts  
CBDT highlights 25 per cent surge in filing of IT returns  
Sensex firms up 61 points on fund inflows  
Chabahar Port a gateway to golden opportunities: Gadkari  
Sexual abuse data begins to come out of corporate closets  
FICCI welcomes appointment of Rajiv Kumar, new VC of NITI Aayog  
India hopeful of making Chabahar port operational by 2018  
Air Force signs contract for 2 presidential aircraft  
Forex reserves surge to record $392.86 bn  
 
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