>>     >>   SIS IPO to open on Jul 31, Cochin Shipyard IPO to hit market on Aug 1

Cochin Shipyard, Security and Intelligence Services IPO's worth Rs 2000 crore to hit markets in Aug first week

Cochin Shipyard and Security and Intelligence Services (India) shall be coming out with their initial public offerings (IPO) in the first week of August with an aim to raise over Rs 2,000 crore from the share sale in the equity markets.


By   |  Updated On : July 31, 2017 12:01 PM

New Delhi :  

Cochin Shipyard and Security and Intelligence Services (India) shall be coming out with their initial public offerings (IPO) in the first week of August with an aim to raise over Rs 2,000 crore from the share sale in the equity markets.

Bidding for shares of Security and Intelligence Services will begin from July 31-August 2, while that of Cochin Shipyard will be open from August 1-3.

Security and Intelligence Services (India) Ltd (SIS) on Friday said it will launch an IPO on Monday and expects to raise up to Rs 780 crore, a part of which will go towards debt repayment.

SIS has set Rs 805-815 per share as the price band for the initial public offer (IPO). The IPO comprises fresh issue of equity shares valuing up to Rs 362.25 crore and an offer for sale of up to 5,120,619 equity shares to be diluted by investors and promoters.

The company has raised Rs 350.81 crore from anchor investors. Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited are the global coordinators and book running lead managers to the offer.

The company offers cash logistics and facility management services. IPO-bound public sector unit Cochin Shipyard aims to raise up to Rs 1,468 crore through its share sale offer. Cochin Shipyard has fixed the price band at Rs 424-432 for its IPO of 33,984,000 equity shares.

SBI Capital Markets Limited, Edelweiss Financial Services Limited and JM Financial Institutional Securities Limited are the book running lead managers to the offer. 

First Published: Monday, July 31, 2017 11:35 AM


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