Cochin Shipyard IPO
Cochin Shipyard was incorporated in the year 1972 as a fully owned Government of India company. In the last three decades the company has emerged as a forerunner in the Indian Shipbuilding & Shiprepair industry. This yard can build and repair the largest vessels in India. It can build ships upto 1,10,000 DWT and repair ships upto 1,25,000 DWT. The yard has delivered two of India’s largest double hull Aframax tankers each of 95,000 DWT . CSL has secured shipbuilding orders from internationally renowned companies from Europe & Middle East and is nominated to build the country’s first indigenous Air Defense Ship. Shipyard commenced ship repair operations in the year 1982 and has undertaken repairs of all types of ships including upgradation of ships of oil exploration industry as well as periodical lay up repairs and life extension of ships of Navy, UTL, Coast Guard, Fisheries and Port Trust besides merchant ships of SCI & ONGC. The yard has, over the years, developed adequate capabilities to handle complex and sophisticated repair jobs.
|IPO Open :||01-Aug-2017 to 03-Aug-2017|
|Face Value :||Rs. 10 Per Equity Share|
|Issue Price :||Rs. 424 – 432 Per Share ( Rs.403 – Rs.411 Retail & Employee)|
|Bid Lot :||30 Equity Shares||Then Multiply by 30 Shares|
|Issue Size :||Rs.1468 Cr. on Upper End|
|Allotment On:||08-Aug-2017 ASBA Unlocking: 09-Aug-2017|
|Listing On :||BSE and NSE Both Exchange|
The President of India
Reason For Apply
=> As par the Latest EPS of FY-17 INR27.56 and Its Available of Price/Earnings (P/E) ratio: 15.38 – 15.67. which is Cheap with their Peer Companies.
=> Company’s Latest Gray Market Premium is 135 to 140 Rs. So give you handsome Return on Listing Day.
=> Company engage with Defense Sector and Indian Defense Budget going to Increase Day by Day. So the future of this company is Bright.
So Finally I suggest that we have to Apply Cochin Shipyard IPO for Longterm Investment.
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