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Cochin Shipyard Ltd IPO (Cochin Shipyard IPO) Detail

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.

Company Promoters:

The President of India is the promoter of the company. The Promoter along with its nominees, currently holds 100% of the pre-Issue paid-up equity share capital of the Company.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Million)
30-Sep-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 36,938.46 35,024.27 30,183.23 29,915.05 24,024.49 26,094.71
Total Revenue 10,274.61 20,992.84 16,632.30 18,613.43 17,684.60 14,737.01
Profit After Tax 1,845.24 2,858.29 712.29 2,835.69 2,669.04 1,553.28

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open:
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 33,984,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
    ›  Fresh Issue of 22,656,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
    ›  Offer for Sale of 11,328,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs - Rs Per Equity Share
  »»  Market Lot:
  »»  Minimum Order Quantity:
  »»  Listing At: BSE, NSE

Cochin Shipyard IPO Prospectus

Cochin Shipyard IPO Rating

849
4.2
Rating:Rated 4.2 stars

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Cochin Shipyard IPO News Alerts

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Company Contact Information

Cochin Shipyard Ltd
Administrative Building,
Cochin Shipyard Premises,
Perumanoor, Kochi - 682015
Phone: +91 (484) 2501306
Fax: +91 (484) 2384001
Email: secretary@cochinshipyard.com
Website: http://www.cochinshipyard.com

Cochin Shipyard IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: csl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Cochin Shipyard IPO Lead Manager(s)

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Cochin Shipyard IPO Review / Comments

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115. Uchit Patel  Jul 23, 2017 9:48:37 AM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
SIS

I think comparison with Quess is not convincing to me. Quess is providing staffing for skilled workers like IT, HR etc. where profit margins are very high. Promoter of Quess is well known Thomas Cook.

SIS is dealing with security staffing only where profit margin is very less. Non skilled workers are required. If we see revenue and profit for last few years net profit is only 2 - 3 %.
It''''s very hard to make money from non skilled workers staffing company.
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114. Rajkumar Bhuj  Jul 23, 2017 9:45:13 AM IST I Like It. | Report Abuse Reply
Is the issue date confirmed? I am planning to apply of Total Transport SME IPO but am worried that I may block all my money with it and may not have sufficient funds for Cochin Shipyard IPO.
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113. IPOgains  Jul 22, 2017 9:24:08 PM IST I Like It. | Report Abuse Reply
If I open minor''s demat account and I am the guardian, can I apply IPO from both my and minor''s demat account. Minor donot have Pan card so my Pan card will be updated. Pls help.
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113.1. Ankur Goell  Jul 22, 2017 10:56:37 PM IST I Like It. | Report Abuse
Get minor pan card first then open demat account for your minor.
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113.2. Vijay M Agrawal  Jul 23, 2017 8:40:12 AM IST I Like It. | Report Abuse
Minor ka demate a/c open Ho jayega but trading a/c open Nani hoga agar share allot ho to Pahle apne name Me transfer karne padenge
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112. Vinayak halapeti  Jul 22, 2017 7:46:21 PM IST I Like It. | Report Abuse Reply
If there is IPO group send me link
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111. vreddy  Jul 21, 2017 7:59:21 PM IST I Like It. | Report Abuse Reply
Hello Septa/Shareview/Gamble/Eagleeye/Khemka

is SIS and Capacit’e Infraprojects IPO dates confirmed ?? and would you guys bet on them kindly let me know as i need to adjust the ammount to apply these IPOs.

apart from this anything going to come
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111.3. Ankitxyz  Jul 22, 2017 4:31:51 PM IST I Like It. 7 | Report Abuse
Hii Shareview

As you said that the pricing might be an issue, If we compare it with its close peer Quess Corp, the PE (Assuming price band of 810) of SIS is much lower that that of Quess Corp.I want to ask you, since you have gone through the fundamentals of the company, how is SIS different from Quess Corp. Is Sis stronger or weaker than Quess Corp or both are not comparable.
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111.4. ShareView  Jul 22, 2017 6:37:48 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1400+ Likes)
Hi Ankit ,

Fundamentally it''s very strong as i said earlier.Pricing might be issue because we have estimated 815 as per rumours but it is going to be finalised on day after tomorrow. Still nothing to be worried much as fair value comes to 1100+.Let''s check some figures.

Revenue - 45k+
Quess - 41k+

RoNW - 16.8
Quess - 13.5

EPS - 13.3
Quess - 9.2

NAV - 79.05
Quess - 66.05

Also BRLMs like IIFL , ICICI and Yes securities were common in both SIS and Quess. So they would consider all risk factors before finalising price.However chittorgarh missed ICICI as BRLM but it is there.
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110. Eagleye  Jul 22, 2017 6:26:56 PM IST I Like It. 9 | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11000+ Likes)
Cochin Shipyard IPO

GMP 105 – 110
Kostak 700 – 750
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109. Jainvipul  Jul 21, 2017 7:23:39 PM IST I Like It. | Report Abuse Reply
Sis ipo retail 10% or 35% any idea?
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109.2. Jainvipul  Jul 22, 2017 2:07:43 PM IST I Like It. | Report Abuse
10%
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109.3. ShareView  Jul 22, 2017 6:11:22 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1400+ Likes)
yes , it''s 10 % as per DRHP
QIB - 75 % ( out of which 60 % reserved for Anchor Investors. )
NII - 15 %
RII - 10 %

Usually profit making Cos. are allowed up to 35 % for RIIs & loss making Cos. are restricted up to 10 %.Earlier I have gone through eagleye''s data in which 35 % is indicated.

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108. Eagleye  Jul 22, 2017 5:24:45 PM IST I Like It. 9 | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11000+ Likes)
Cochin Shipyard IPO

GMP 120 – 130
Kostak 750 – 800
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108.1. RAJPUT BOY  Jul 22, 2017 5:40:48 PM IST I Like It. 1 | Report Abuse
Mam i have alloted 125 share`s of salasar so plz tell me what should i do on trading day .
sell or hold. plz tell me

i m waiting for your reply

thanks
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107. Subbareddy  Jul 22, 2017 10:45:26 AM IST I Like It. | Report Abuse Reply
Can we apply IPO through credit card?
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107.2. vreddy  Jul 22, 2017 2:39:31 PM IST I Like It. 1 | Report Abuse
Anna nuvu payzaap download cesuko, andulo rojuki 5k free ga transfer vesukovachu credit card nunchi.. nenu alage cesta
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107.3. nileshkp  Jul 22, 2017 3:08:00 PM IST I Like It. 4 | Report Abuse
I recommend your query to SEBI and SEBI recommend to RBI and RBI recommend to your bank and bank block your card
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106. Luck  Jul 22, 2017 2:39:52 PM IST I Like It. | Report Abuse Reply
Can i applied 2 application in on bank account ?
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105. shubham PREDICTOR  Jul 22, 2017 12:30:39 PM IST I Like It. 1 | Report Abuse Reply

COMPANY RATIOS

PARTICULARS       2017      2016      2015      2014
EPS       16.29      25.23      6.29      25.03
P/E RATIO      -      -      -      -
Return On Net Worth (%)      -      16.61      4.63      19.03
Net Asset Value(pershare)       168.14      151.88      -      -

overall good prifit making company
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104. ShareView  Jul 21, 2017 11:04:33 AM IST I Like It. 11 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1400+ Likes)
Upcoming IPOs 2017 - 2018

1. Godrej Agrovet ( 400 cr. )
2. HAL ( PSU - Aug-Sep )
3. SIS ( Next Upcoming )
4. Continental Warehousing Corporation( 500 cr.)
5. Pratap Snacks ( Oct-Nov )( 240 cr. T group )
6. TATA Technology (1000-1200cr.)
7. Matrimony (Reduced size 1000 cr.)
8. UTI MF AMC
9. HDFC Life
10. Seaway shipping & Logistic
11. SBI Life ( 8500 cr.)
12. Bharat Road Network ( 600 cr. )
13. Mas Finance ( 500 cr. )
14. Nakshatra Diamond Jewellery ( 500 cr. )
15. Amber Electronics ( 600 cr. )
16. Mahindra Logistic ( 500 cr. )
17. Cent Housing Finance ( 1000 cr. )
18. IREDA ( PSU - 14 cr. sh )
19. Sutures India ( 1500 cr. )
20. Laqkshya Advertising ( 400 cr. )
21. Apex Frozon Food ( 87 Lac Sh. )
22. Crystal Crop Agro-Chem ( 2018 )
23. IEX ( OFS )
24. PolicyBazaar
25. GoAir ( 1800 - 2000 cr. )
26. Capacit ( 400cr. )
27. Four Season Residency ( 1 cr. sh. )
28. Central Warehousing Corporation(CWC-PSU )
29. Airport Authority of India (AAI - PSU )
30. Shalby hospital Chain

31. > 4 Reliance ADAG - Home Finance , General Insurance , Nippon Life AMC , MF Units

32. > 5 PSU Insurance Co. - New India, GIC ReInsurance , National, United,Oriental.

33. > 5 Railway Cos. -IRCTC, IRCON , RITES , RVNL ,IRFC
---------------------------
* 》OFS - GIC , ITI
---------------------------
* IPOs seems to have been withdrawn

1. Hinduja Leyland Finance
2. Nihilant Technologies
3. Metropolis
4. KPR Agro

* IPO cancelled - Vodafone
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104.1. ShareView  Jul 22, 2017 8:19:26 AM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1400+ Likes)
One of the hindrances why SEBI is delaying in giving Green Signel to NSE IPO.

http://www.chittorgarh.com/article/nse-co-location-issue-and-its-impact-on-nse-ipo/202/
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103. Jaggu  Jul 22, 2017 7:20:28 AM IST I Like It. | Report Abuse Reply
APPLY OR AVOID ?
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102. Eagleye  Jul 21, 2017 4:49:29 PM IST I Like It. 8 | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11000+ Likes)
This message has been removed by a moderator.
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102.3. AKH  Jul 21, 2017 6:09:03 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Why msg removed...?
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102.4. ShareView  Jul 22, 2017 6:39:58 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1400+ Likes)
Bcoz there was error regarding date
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101. Eagleye  Jul 21, 2017 5:14:19 PM IST I Like It. 14 | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11000+ Likes)
Cochin Shipyard IPO – Schedule (Tentative)

25th July – Price Band to be Announced
31st July – Anchor List
01st Aug – Offer Opens
03rd Aug – Offer Closes
08th Aug – Finalisation of Basis of Allotment
09th Aug – Unblocking of ASBA
10th Aug – Credit to Demat Accounts
11th Aug – Listing on NSE & BSE


Cochin Shipyard IPO – Issue Information (Tentative)

Issue Opens on: 01 August 2017
Issue Closes on: 03 August 2017
Issue Type: Book Built Issue IPO
Issue Size: 3,39,84,000 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.420 – Rs.424 per Equity Share (QIB & NII)
Discount: Rs.420 – Rs.424 per Equity Share (RII & Employees)
Market Lot: 35 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 11,32,80,000 Equity Shares
Fresh Issue of 2,26,56,000 Equity Shares @upper price band = Rs.960.61 Crores
Offer for Sale of 1,13,28,000 Equity Shares @upper price band = Rs.480.31 Crores
Equity Shares outstanding after the Issue = 13,59,39,000 Equity Shares

Category-wise Break up:.
QIB – 1,65,80,000 Shares = 702.99Crs (No Anchor)
NII – 49,74,000 Shares = 210.90Crs
RII – 1,16,06,000 Shares = 492.09Crs (Lot size: 35 = 331,600 Forms)
Employees – 8,24,000 Shares = 34.94Crs

Total Issue – 3,39,84,000 Equity Shares = 1,440.92Crs.

Subscription required for 1X
RII = 331,600 Forms
NII = 210.90 Crs

Interest cost @5%p.a. for 7days = 40.658 paise for 1X


Cochin Shipyard IPO – Financial Information (Basis of Valuation)

EPS for FY13-14 >>> Rs.25.03 (Page #88 of DRHP)
EPS for FY14-15 >>> Rs.06.29 (Page #88 of DRHP)
EPS for FY15-16 >>> Rs.25.23 (Page #88 of DRHP)
EPS for 6M16-17 >>> Rs.16.29 (Not Annualized) (Page #88 of DRHP)

RoNW for FY13-14 >>> 19.03% (Page #89 of DRHP)
RoNW for FY14-15 >>> 04.63% (Page #89 of DRHP)
RoNW for FY15-16 >>> 16.61% (Page #89 of DRHP)
RoNW for 6M16-17 >>> 09.69% (Not Annualized) (Page #89 of DRHP)

NAV as on September 30, 2016 was Rs.168.14 (Page #90 of DRHP)

Peer Group (Page #90 of DRHP):
Reliance Defence and Engineering (CMP 60/-)
ABG Shipyard (CMP 13.50)
Bharati Defence and Infrastructure (CMP 9.50)

Cochin Shipyard IPO
Market Estimates of oversubscription:

Category-wise:

1X QIB = 702.992Crs – assuming applications of 30KCrs. = 42X oversubscription

1X NII = 210.90Crs – assuming applications of 45KCrs. = 213X oversubscription

1X RII = 331,600 Forms – assuming 19L forms. = 5.73X oversubscription (applic-wise)
i.e. average 6.10 shares per form
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101.1. ShareView  Jul 21, 2017 5:30:05 PM IST I Like It. 5 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1400+ Likes)
As per above post , Issue price ( QIB / NII )& Discounted Price ( RII / Emp. ) both at 424.
That means no discount ?
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101.2. Newcomer  Jul 22, 2017 12:21:14 AM IST I Like It. | Report Abuse
Eagleye mam ,
Can I buy omkar chemical?
What will be the target for 1 month?
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100. Arup jamshed  Jul 21, 2017 6:00:42 PM IST I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts)
Moderater please update open date.
SIS ,Started new page.
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99. PKK  Jul 21, 2017 4:44:37 PM IST I Like It. | Report Abuse Reply
ASBA is not allowed from O D Account in Axis Bank and many other Banks also
O D Account will not be shown in Bank account details for applying IPOs
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99.1. Vijay M Agrawal  Jul 21, 2017 5:19:44 PM IST I Like It. | Report Abuse
AS PER SEBI RULES YOU CAN''T APPLY FROM OD ACCOUNTS YOU CAN APPLY FROM SAVINGS AND CURRENT ACCOUNT
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98. LADDUGOPAL  Jul 21, 2017 4:30:10 PM IST I Like It. | Report Abuse Reply
IPO CAN BE APPLIED THROUGH O D ACCOUNT ???
KINDLY CONFIRM ANY ONE WHO KNOWS
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98.1. CHOCKALINGAM  Jul 21, 2017 4:35:38 PM IST I Like It. | Report Abuse
NO, APPLYING THROUGH O.D ACCOUNT IS NOT ENABLED BY MOST OF THE BANKS
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97. IPO Money  Jul 21, 2017 4:16:32 PM IST I Like It. 6 | Report Abuse Reply
Cochin ShipYard IPO – Schedule – (Tentative)
31st July – Anchor List
01st Aug – Offer Opens
03rd Aug – Offer Closes
08th Aug – Finalisation of Basis of Allotment
09th Aug – Unblocking of ASBA
10th Aug – Credit to Demat Accounts
11th Aug – Listing on NSE & BSE
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96. Jainvipul  Jul 21, 2017 4:01:26 PM IST I Like It. | Report Abuse Reply
Industry PE ratio 27.25
Cochin shipyard 2016 EPS 25.23 per equity share
Cochin shipyard 2016 PE ratio 16.76
Price 428
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