The Cochin Shipyard IPO date has been confirmed to have started on August 1, 2017 and ended on August 3, 2017.
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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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 is ₹1,204.60.
IPO Overview
The Cochin Shipyard IPO is a book-built offering for Rs 1,442.01 crores. The offering consists of a 2.27 crore share fresh issue and a 1.13 crore share offer for sale. Bidding for the Cochin Shipyard IPO began on August 1, 2017 and finished on August 3, 2017. The Cochin Shipyard IPO allotment was completed on Tuesday, August 8, 2017. On August 11, 2017, the shares were listed on the BSE and NSE. The pricing range for the Cochin Shipyard IPO is $424 to $432 per share. An application requires a minimum lot size of 30 Shares. Retail investors must make a minimum investment of $12,960.
Bulk carriers, tankers, Platform Supply Vessels (“PSVs“), Anchor Handling Tug Supply vessels (“AHTSs“), barges, bollard pull tugs, passenger vessels, and Fast Patrol Vessels (“FPVs“) are among the vessels they have built and delivered. They are currently constructing the Indian Navy’s first indigenous aircraft carrier (“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 that specialises 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, and 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 | csl.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Cochin Shipyard Ltd |
| Phone number | +91 (484) 2501306 |
| Email ID | secretary@cochinshipyard.com |
| Website | cochinshipyard.com |
IPO Strenghts
- 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.
