Cochin Shipyard to pin down banks for $147m India IPO

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By John Loh
25 Feb 2016

Cochin Shipyard is going through pitches from nine local banks for an IPO in India that could raise more than Rp10bn ($147m), with the state-owned firm expected to choose up to three lead managers.

The nine banks are Axis Capital, Edelweiss Financial Services, IDBI, IDFC, ICICI Securities, IL&FS Capital Advisors, JM Financial, SBI Capital Markets and Yes Bank, according to a notice on Cochin Shipyard’s website.

Each firm was given half an hour on Thursday to present no more than 12 slides. ...

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