Tuesday, August 01, 2017

Cochin Shipyard IPO Review - Will You Subscribe or Not?

Cochin Shipyard is the one IPO in early August which one can apply for listing gain and for long term as well. President of India is promoter of the company with 99.99% of the shares. After the IPO promoter will hold 75 percent stake in the company as per SEBI norms. Not only us but most of the local brokerage firms are positive about Cochin Shipyard IPO.

Most of the securities firm are giving subscribe call to investors. The things are more positive for the investors and it will surely give a good returns to the investors. Retailers are getting Rs.21 discount on the issue price it will be one of the point should be go under consideration. Check which firm are giving subscribe call for Cochin Shipyard IPO.

  • ICICI Direct: Subscribe
  • Reliance Securities: Subscribe
  • Angel Broking: Subscribe
  • Centrum Capital: Listing gains possible
  • IIFL Wealth Management: Subscribe
  • Choice Broking: Subscribe
  • HEM Securities: Subscribe
  • Asit C. Mehta: Subscribe
  • Arihant Capital Markets: 4-star rating
  • Choice Broking: Subscribe
  • Geojit Financial Services: Subscribe

Just look at the Cochin Shipyard IPO gmp (grey market premium) which is around 30-40% of the IPO price. As it suggest to put your money on the ipo. Even the analyst are suggesting the IPO to list abouve 600-650 level. One should keep your eye on the IPO Subscription starting from 1st August.

Cochin Shipyard has good financial on the papers. The profit and income increase yoy for last five years. FY2017 is been a good year till now and they are surely post a good result which is on the cards. They have order book of Govenrment of India for Indian Navy and more.

As we are also positive we suggest "Subscribe" to this IPO with longterm view.