New Delhi, July 7 -- The Government of India's Offer for Sale (OFS) in Cochin Shipyard Ltd received an overwhelming response from investors on the first day, with the issue being subscribed 3.52 times, prompting the government to exercise the entire green-shoe option.

The update was shared by the Secretary, Department of Investment and Public Asset Management (DIPAM), through a social media post on Tuesday.

According to the Secretary, the government has decided to exercise the entire green-shoe option following the strong response from investors. Retail investors and eligible employees will be able to place their bids on July 8.

The post stated "Offer for Sale in Cochin Shipyard Ltd received an overwhelming response from the investors ...