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Cochin Shipyard IPO is a book built issue of Rs 1,442.01 crores. The issue is a combination of fresh issue of 2.27 crore shares and offer for sale of 1.13 crore shares.
Cochin Shipyard IPO bidding started from August 1, 2017 and ended on August 3, 2017. The allotment for Cochin Shipyard IPO was finalized on Tuesday, August 8, 2017. The shares got listed on BSE, NSE on August 11, 2017.
Cochin Shipyard IPO price band is set at ₹424 to ₹432 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹12,960.
The issue includes a reservation of up to 824,000 shares for employees offered at a discount of Rs 21 to the issue price.
Edelweiss Financial Services Ltd, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Cochin Shipyard IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Cochin Shipyard IPO RHP for detailed information.
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 IPO offers 33,984,000 shares. 16,580,000 (48.79%) to QIB, 4,974,000 (14.64%) to NII, 11,606,000 (34.15%) to RII, 824,000 (2.42%) to employees. 386,866 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 480 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 16,580,000 (48.79%) | NA |
NII (HNI) Shares Offered | 4,974,000 (14.64%) | |
Retail Shares Offered | 11,606,000 (34.15%) | 386,866 |
Employee Shares Offered | 824,000 (2.42%) | NA |
Total Shares Offered | 33,984,000 (100%) |
Cochin Shipyard IPO opens on August 1, 2017, and closes on August 3, 2017.
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 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 30 | ₹12,960 |
Retail (Max) | 15 | 450 | ₹194,400 |
Lot Size Calculator |
Incorporated in 1969, Cochin Shipyard Limited is one of the largest public sector shipyard in India in terms of dock capacity. They operates a shipyard that provides shipbuilding and ships/offshore structures repair services.
Cochin Shipyard's shipbuilding activities include the construction of vessels for clients operating in the defense and in the commercial sector shipping industry. In addition to shipbuilding and ship repair, they also offers marine engineering training programs as well as offer additional courses, including six months practical training for marine engineering students from colleges affiliated to 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.
They have 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.
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 |
Company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Setting up of a new dry dock within the existing premises of the Company (“Dry Dock”);
2. Setting up of an international ship repair facility at Cochin Port Trust area (“ISRF”); and
3. General corporate purposes.
[Dilip Davda] Investors may consider investment for medium to long term in this maiden IPO. Read detail review...
The Cochin Shipyard IPO is subscribed 76.19 times on August 3, 2017 5:00:00 PM. The public issue subscribed 8.51 times in the retail category, 63.51 times in the QIB category, and 288.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 63.51 |
NII | 288.87 |
Retail | 8.51 |
Employee | 0.48 |
Total | 76.19 |
Listing Date | August 11, 2017 |
BSE Script Code | 540678 |
NSE Symbol | COCHINSHIP |
ISIN | INE704P01017 |
Final Issue Price | ₹432 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹432.00 |
₹435.00 |
₹435.00 |
₹522.00 |
₹522.00 |
NSE |
---|
₹432.00 |
₹440.15 |
₹435.00 |
₹528.15 |
₹528.15 |
Cochin Shipyard Ltd
Administrative Building,
Cochin Shipyard Premises,
Perumanoor, Kochi - 682015
Phone: +91 (484) 2501306
Email: secretary@cochinshipyard.com
Website: http://www.cochinshipyard.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: csl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Cochin Shipyard IPO is a main-board IPO of 33,984,000 equity shares of the face value of ₹10 aggregating up to ₹1,442.01 Crores. The issue is priced at ₹424 to ₹432 per share. The minimum order quantity is 30 Shares.
The IPO opens on August 1, 2017, and closes on August 3, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Cochin Shipyard IPO opens on August 1, 2017 and closes on August 3, 2017.
Cochin Shipyard IPO lot size is 30 Shares, and the minimum amount required is ₹12,960.
You can apply in Cochin Shipyard IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cochin Shipyard IPO will be done on Tuesday, August 8, 2017, and the allotted shares will be credited to your demat account by Thursday, August 10, 2017. Check the Cochin Shipyard IPO allotment status.
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