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.
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.
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.
IPO Opening Date | Aug 1, 2017 |
IPO Closing Date | Aug 3, 2017 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹424 to ₹432 per equity share |
Market Lot | 30 Shares |
Min Order Quantity | 30 Shares |
Listing At | BSE, NSE |
Issue Size | 33,984,000 Eq Shares of ₹10 (aggregating up to ₹1,442.01 Cr) |
Fresh Issue | 22,656,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
Offer for Sale | 11,328,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
Retail Discount | ? 21 per share |
Employee Discount | ? 21 per share |
The Cochin Shipyard IPO open date is Aug 1, 2017, and the close date is Aug 3, 2017. The issue may list on Aug 11, 2017.
IPO Open Date | Aug 1, 2017 |
IPO Close Date | Aug 3, 2017 |
Basis of Allotment Date | Aug 8, 2017 |
Initiation of Refunds | Aug 9, 2017 |
Credit of Shares to Demat Account | Aug 10, 2017 |
IPO Listing Date | Aug 11, 2017 |
The Cochin Shipyard IPO market lot size is 30 shares. A retail-individual investor can apply for up to 15 lots (450 shares or ₹194,400).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 30 | ₹12,960 |
Maximum | 15 | 450 | ₹194,400 |
The Cochin Shipyard IPO is subscribed 76.19x times on Aug 3, 2017 17:00. The public issue subscribed 8.51x in the retail category, 63.51x in the QIB category, and 288.87x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 63.51x |
NII | 288.87x |
RII | 8.51x |
Employee | 0.48x |
Total | 76.19x |
Listing Date | Friday, August 11, 2017 |
BSE Script Code | 540678 |
NSE Symbol | COCHINSHIP |
Listing In | B |
ISIN | INE704P01017 |
IPO Price | ₹432 per equity share |
Face Value | ₹10 per equity share |
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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
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: csl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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 equity share. The minimum order quantity is 30 Shares.
The IPO opens on Aug 1, 2017, and closes on Aug 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 Aug 1, 2017 and closes on Aug 3, 2017.
Cochin Shipyard IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cochin Shipyard IPO will be done on Aug 8, 2017, and the allotted shares will be credited to your demat account by Aug 10, 2017. Check the Cochin Shipyard IPO allotment status.
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