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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.
Cochin Shipyard IPO Date | Aug 1, 2017 to Aug 3, 2017 |
Cochin Shipyard IPO Face Value | ₹10 per share |
Cochin Shipyard IPO Price | ₹424 to ₹432 per share |
Cochin Shipyard IPO Lot Size | 30 Shares |
Issue Size | 33,984,000 shares of ₹10 (aggregating up to ₹1,442.01 Cr) |
Fresh Issue | 22,656,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Offer for Sale | 11,328,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Retail Discount | ? 21 per share |
Employee Discount | ? 21 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
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. |
Cochin Shipyard IPO opens on Aug 1, 2017, and closes on Aug 3, 2017. The Cochin Shipyard IPO bid date is from Aug 1, 2017 10.00 A.M. to Aug 3, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
Event | Date |
---|---|
Cochin Shipyard IPO Opening Date | Aug 1, 2017 |
Cochin Shipyard IPO Closing Date | Aug 3, 2017 |
Basis of Allotment | Aug 8, 2017 |
Initiation of Refunds | Aug 9, 2017 |
Credit of Shares to Demat | Aug 10, 2017 |
Cochin Shipyard IPO Listing Date | Aug 11, 2017 |
The Cochin Shipyard IPO 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 |
---|---|---|---|
Minimum | 1 | 30 | ₹12,960 |
Maximum | 15 | 450 | ₹194,400 |
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 Aug 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 | Friday, August 11, 2017 |
BSE Script Code | 540678 |
NSE Symbol | COCHINSHIP |
Listing In | B Group of Securities |
ISIN | INE704P01017 |
IPO Price | ₹432 per share |
Face Value | ₹10 per 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
Phone: +91-22-4918 6270
Email: csl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Review By | Subscribe | Neutral | Avoid |
---|---|---|---|
Brokers | 2 | 0 | 0 |
Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 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 .
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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