The Cochin Shipyard IPO date has been confirmed to have started on August 1, 2017 and ended on August 3, 2017. Read the post to learn about Cochin Shipyard IPO GMP.
Using an IPO, Cochin Shipyard is seeking to raise Rs 21.60 crore. Its price band is set at ₹424 to ₹432 per share and the minimum lot size for an application is 30 shares. The minimum amount of investment required by retail investors is ₹12,960.
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Key Details Of Cochin Shipyard IPO
Bidding Dates
August 1-3
Price Range
₹424 to ₹432 per share
Face Value
₹10 per share
GMP
₹1,204.60
Cochin Shipyard IPO GMP
The Cochin Shipyard Limited IPO GMP Today is ₹1,204.60.
Cochin Shipyard IPO Overview
The Cochin Shipyard IPO book-building Roadshow for Rs 1,442.01 crores is for sale. The issue of 2.27 crore and 1.13 crore shares for subscription and offer for sale, respectively, make up the venture. There won’t be any open subscriptions from Friday, August 1, to Sunday, August 3. The company began the bid for its IPO on the first day of August 2017. Tuesday, August 8, 2017, was the date the domestic Cochin Shipyard Ltd. IPO allotment process was wrapped up. On 11th of August, 2017 shares went on for BSE and NSE listing. The fair values for the Cochin Shipyard IPO price range from $424 to $432 per share. The participation terms are that each share is worth at least 30 Shares. The IPO Greenshoe Option (GSO) in the case of Cochin Shipyard Limited is ₹1,204.60 as per the market spread (GMP). A retail investor is provided with an opportunity to purchase as low as $12,960 worth of units.
Among the vessels Yichang Shipyard has built and delivered are bulk carriers, tankers, PSVs, AHTSs, barges, tugs with bollard pull and passenger vessels of different types. They have the purpose of crafting the Indian Navy’s maiden aircraft carrier, which will be Indian-made (“IAC”).
Cochin Shipyard IPO Details
| IPO Date | August 1, 2017 to August 3, 2017 |
| Listing Date | August 11, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹424 to ₹432 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 33,984,000 shares (aggregating up to ₹1,442.01 Cr) |
| Fresh Issue | 22,656,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 11,328,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Retail Discount | Rs 21 per share |
| Employee Discount | Rs 21 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Cochin Shipyard Company Financials
| Particulars | For the year/period ended (in Rs. Million) | |||
|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||
| Total Assets | 33,164.37 | 33,488.61 | 28,912.85 | |
| Total Revenue | 22,085.01 | 20,968.81 | 16,604.52 | |
| Profit After Tax | 3,121.82 | 2,917.52 | 692.82 | |
Cochin Shipyard IPO Timeline
| IPO Open Date | Tuesday, August 1, 2017 |
| IPO Close Date | Thursday, August 3, 2017 |
| Basis of Allotment | Tuesday, August 8, 2017 |
| Initiation of Refunds | Wednesday, August 9, 2017 |
| Credit of Shares to Demat | Thursday, August 10, 2017 |
| Listing Date | Friday, August 11, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 3, 2017 |
Company Profile
Cochin Shipyard Limited, founded in 1969, is one of India’s largest public sector shipyards in terms of dock capacity. They have a shipyard specialising in shipbuilding and ship/offshore structure maintenance. Shipbuilding activities at Cochin Shipyard involve the production of vessels for clients in the defence and commercial shipping industries. They provide shipbuilding and ship repair services, as well as marine engineering training programmes and additional courses, such as six months practical training for marine engineering students from colleges affiliated
with universities, fire prevention and firefighting, elementary first aid training through its marine engineering training institute, and chemical, mechanical, and non-destructive testing services of metals, welds, and alloys.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Cochin Shipyard Ltd |
| Phone number | +91 (484) 2501306 |
| Email ID | [email protected] |
| Website | cochinshipyard.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Cochin Shipyard IPO FAQs
When Cochin Shipyard IPO will open?
The Cochin Shipyard IPO opens on August 1, 2017 and closes on August 3, 2017.
What is the lot size of Cochin Shipyard IPO?
Cochin Shipyard IPO lot size is 30 Shares, and the minimum amount required is ₹12,960.
When is Cochin Shipyard IPO listing date?
The Cochin Shipyard IPO listing date is on August 11, 2017.
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