Cochin Shipyard Ltd IPO Message Board (Page 97)

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adarsh vijay
2. adarsh vijay  Jul 10, 2017 10:20
Cochin Shipyard Limited IPO ( posting now Just for analysis of this issue opportunities and various opinions critics or comments )

Purpose of issue - Build 3rd dry dock & ICRF (International ship repair facility ) > Require bare price of min 276840.1 Lakhs

Details Based on DRHP. (subject to change during the final prospects)

Issue - Expected on next Month , August or Sept 2017

Issue of 33984000 (25%) number of equities through fresh issue (22656000) & Offer for sale ( 11328000) with employee reservation of 824000 equities.

offering 50% to QIB, 15% to NIB & 35% to Retail Category

Issue snap shot
BRLM-SBI, Edleweis, JM Financial
Registrar - Link intime

Financial snapshot
Face Value - 10 RS
Company Net worth - 19046790 Lakhs
Book Value - 168.14
Revenue growth - 9.25% (2012-16)
PAT growth - 16.47 % (2012-16)
dividend - 76.5% (FY16)
EPS - 16.29
RoNW - 16.9%
Peers - Reliance defense&Engg , ABG Shipping, Barati defense & Infrastructure ( don''t compare with Peers - You wont reach any where - as all these are in pathetic condition )

Negatives - Industry is screwed up ... Global shipbuilding industry down by 7%(Global demand order) in last year. Oil & Gas recession .. Korean and Chinese competition and reduced commodity transport demand from china ... Largest dry dock in public sector and less capacity compared to reliance !

Disclaimer - all the information are from DRHP submitted to SEBI and only for study Purpose !
FanofSeptaEagleye
1. FanofSeptaEagleye  Jul 10, 2017 08:11
Blockbuster ipo... apply, buy more and hold...







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