Cochin Shipyard has sold out its IPO early on the second day of selling.
Indian media said the INR 14.68bn ($229m) deal was fully subscribed within half an hour of bidding opening again on Wednesday.
It was later over-subscribed by 1.42 times and closes on Thursday.
The Indian shipbuilder had priced the stock sale at between INR 424 and INR 434 per share.
