Cochin Shipyard Ltd – India’s largest public sector shipyard is soon coming out with an Initial Public Offer (IPO) …..
On completion of a successful IPO, Cochin Shipyard Ltd will become the first of five state-owned shipbuilding companies to be publicly listed.
I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!
After good response to recent issues like D-Mart, HUDCO, CDSL, AU Small Finance Bank, etc, investors would be eagerly waiting for Cochin Shipyard IPO….
I am sure you might be searching for all details about Cochin Shipyard IPO.
Cochin Shipyard Company Profile :
Cochin Shipyard is the largest public sector shipyard in India in terms of dock capacity. Company operates a shipyard that provides shipbuilding and ships/offshore structures repair services.
Company caters to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide. In addition to shipbuilding and ship repair, it also offers marine engineering training.
Company has two docks – dock number one, primarily used for ship repair (“Ship Repair Dock”) and dock number two, primarily used for shipbuilding (“Shipbuilding Dock”).
The Ship Repair Dock can accommodate vessels with a maximum capacity of 125,000 DWT (Dead Weight Tonnage) while the Shipbuilding Dock can accommodate vessels with a maximum capacity of 110,000 DWT.
Company has built and delivered vessels across broad class ifications including bulk carriers, tankers, Platform Supply Vessels (“PSVs”), Anchor Handling Tug Supply vessels (“AHTSs”), barges, bollard pull tugs, passenger vessels and Fast Patrol Vessels (“FPVs ”). They are currently building India’s first Indigenous Aircraft Carrier (“IAC”) for the Indian Navy.
Cochin Shipyard is in the process of constructing a new dock, a ‘stepped’ dry dock (“Dry Dock”). This stepped dock will enable longer vessels to fill the length of the dock and wider, shorter vessels and rigs to be built or repaired at the wider part.
The company is also in the process of setting up an International Ship Repair Facility (“ISRF”), which includes setting up a shiplift and transfer system.
Cochin Shipyard Promoters:
- The President of India
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Cochin Shipyard IPO Detail :
Issue Open: Yet to be Announced
Issue Type: Book Built Issue IPO
Issue Size: 33,984,000 Equity Shares of Rs 10 which include Fresh Issue of 22,656,000 Equity Shares of Rs 10 and Offer for Sale of 11,328,000 Equity Shares of Rs 10.
Face Value: Rs 10 Per Equity Share
Issue Price: Rs. 424 to Rs. 428 (Likely Prie Band) with some discount to retail investors.
Market Lot: Yet to be Announced
Minimum Order Quantity: Yet to be Announced
Listing At: BSE, NSE
Important Dates of Cochin Shipyard IPO :
Bid/Offer Opens On: Tentitively in 1st Week of August 2017
Bid/Offer Closes On: Tentitively in 1st Week of August 2017
Finalisation of Basis of Allotment: Yet to be Announced
Initiation of refunds: Yet to be Announced
Credit of Equity Shares to demat accounts: Yet to be Announced
Commencement of trading of the Equity Shares on the Stock Exchanges: Yet to be Announced
Download Red Herring Prospectus of Cochin Shipyard IPO :
Grey Market Premium (GMP) of Cochin Shipyard :
According to market reports and information available online, people are expecting the Issue price of Cochin Shipyard to be around Rs. 300 – 300 with 5 % discount to Retail Investors and Grey Market Premium for this issue can be somewhere between 60 to 90 Rs.
Company Contact Information :
Cochin Shipyard Ltd
Cochin Shipyard Premises,
Perumanoor, Kochi – 682015
Phone: +91 (484) 2501306
Fax: +91 (484) 2384001
Cochin Shipyard IPO Registrar :
Link Intime India Private Ltd
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Cochin Shipyard IPO Lead Manager(s) :
1. Edelweiss Capital Limited
2. JM Financial Consultants Private Limited
3. SBI Capital Markets Limited
Cochin Shipyard IPO Allotment Status :
You would be able to check the allotment status i.e., whether you have got the shares of Cochin Shipyards or not by vising the website of Registrar of the Issue which in this case is LinkIntime.
Check Cochin Shipyard IPO Allotment Status @ Check Cochin Shipyard IPO Allotment Online