ICICI Securities and SBI Capital Markets have won the race to carry out the IPO of state-owned Cochin Shipyard

The book-running managers beat other shortlisted banks including IDBI Capital Market Services, JM Financial Institutional Securities, YES Bank and Edelweiss, the Cogencis news agency reported.

This was the second tender for advisors, after a dispute over fees led the first to fail earlier this year.

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