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Cochin Shipyard IPO is a book build issue of ₹1,442.93 crores. The issue is a combination of fresh issue of 2.27 crore shares aggregating to ₹961.95 crores and offer for sale of 1.13 crore shares aggregating to ₹480.98 crores.
Cochin Shipyard IPO bidding started from Aug 1, 2017 and ended on Aug 3, 2017. The allotment for Cochin Shipyard IPO was finalized on Aug 8, 2017. The shares got listed on BSE, NSE on Aug 11, 2017.
Cochin Shipyard IPO price band is set at ₹432.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹12,720 (30 shares). The lot size investment for sNII is 16 lots (480 shares), amounting to ₹2,07,360, and for bNII, it is 78 lots (2,340 shares), amounting to ₹10,10,880.
The issue includes a reservation of up to 8,24,000 shares for employees offered at a discount of ₹21.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹424 to ₹432 per share |
| Issue Price Final | ₹432 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,39,84,000 shares (aggregating up to ₹1,442.93 Cr) |
| Fresh Issue | 2,26,56,000 shares (aggregating up to ₹961.95 Cr) |
| Offer for Sale | 1,13,28,000 shares of ₹10 (aggregating up to ₹480.98 Cr) |
| Retail Discount | Rs 21.00 per share |
| Employee Discount | ₹21.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,32,80,000 shares |
| Share Holding Post Issue | 13,59,36,000 shares |
Cochin Shipyard IPO offers total 3,39,84,000 shares. Out of which 1,65,80,000 (48.79%) allocated to QIB, 49,74,000 (14.64%) allocated to NII, 1,16,06,000 (34.15%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,65,80,000 (48.79%) | NA |
| NII (HNI) Shares Offered | 49,74,000 (14.64%) | NA |
| Retail Shares Offered | 1,16,06,000 (34.15%) | 3,86,866 |
| Employee Shares Offered | 8,24,000 (2.42%) | NA |
| Total Shares Offered | 3,39,84,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Cochin Shipyard IPO opens on August 1, 2017, and closes on August 3, 2017.
| IPO Open Date | Tue, Aug 1, 2017 |
| IPO Close Date | Thu, Aug 3, 2017 |
| Tentative Allotment | Tue, Aug 8, 2017 |
| Initiation of Refunds | Wed, Aug 9, 2017 |
| Credit of Shares to Demat | Thu, Aug 10, 2017 |
| Tentative Listing Date | Fri, Aug 11, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 3, 2017 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹12,960 |
| Retail (Max) | 15 | 450 | ₹1,94,400 |
| S-HNI (Min) | 16 | 480 | ₹2,07,360 |
| S-HNI (Max) | 77 | 2,310 | ₹9,97,920 |
| B-HNI (Min) | 78 | 2,340 | ₹10,10,880 |
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 | |
The Company Cochin Shipyard IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of Dry Dock | 510.00 |
| 2 | Setting up of ISRF | 265.00 |
| 3 | General corporate purposes | 166.34 |
[Dilip Davda] Investors may consider investment for medium to long term in this maiden IPO. Read detail review...
| Listing Date | August 11, 2017 |
| BSE Script Code | 540678 |
| NSE Symbol | COCHINSHIP |
| ISIN | INE704P01017 |
| Final Issue Price | ₹432 per share |
| BSE Listing Group | B |
Cochin Shipyard Ltd.
Administrative Building,
Cochin Shipyard Premises,
Perumanoor, Kochi - 682015
Cochin, Kerala
Phone: +91 (484) 2501306
Email: secretary@cochinshipyard.com
Website: http://www.cochinshipyard.com
MUFG Intime India Pvt.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 3,39,84,000 equity shares of the face value of ₹10 aggregating up to ₹1,442.93 Crores. The issue is priced at ₹432 per share. The minimum order quantity is 30.
The IPO opens on August 1, 2017, and closes on August 3, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Cochin Shipyard IPO using UPI as a payment gateway. Zerodha customers can apply in Cochin Shipyard IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cochin Shipyard IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cochin Shipyard IPO opens on August 1, 2017 and closes on August 3, 2017.
Cochin Shipyard IPO lot size is 30, and the minimum amount required for application is ₹12,960.
You can apply in Cochin Shipyard IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Cochin Shipyard IPO listing date is on Friday, August 11, 2017.
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