Bookbuilding IPO | ₹1,443 Cr | Listed at BSE, NSE | Tue, Aug 1, 2017 - Thu, Aug 3, 2017
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 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹12,960 (30 shares) (based on upper price). 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 Open
Tue, Aug 1, 2017
IPO Close
Thu, Aug 3, 2017
Issue Price
₹432 per share
Market Cap (Pre-IPO)
₹5,872.44 Cr
| IPO Date | 1 to 3 Aug, 2017 |
| Listed on | Fri, Aug 11, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹424 to ₹432 |
| Issue Price | ₹432 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 21.00 per share |
| Employee Discount | ₹21.00 |
| Total Issue Size | 3,39,84,000 shares (agg. up to ₹1,443 Cr) |
| Fresh Issue | 2,26,56,000 shares (agg. up to ₹962 Cr) |
| Offer for Sale | 1,13,28,000 shares of ₹10 (agg. up to ₹481 Cr) |
| Share Holding Pre Issue | 11,32,80,000 shares |
| Share Holding Post Issue | 13,59,36,000 shares |
| BSE Script Code / NSE Symbol | 540678 / COCHINSHIP |
| ISIN | INE704P01017 |
Cochin Shipyard IPO comprises a total issue size of 3,39,84,000 shares. The net offer to the public is 3,31,60,000 shares, after excluding 8,24,000 shares under a preferential allotment. Of the Net offer 1,65,80,000 (50.00%) are allocated to QIB, 49,74,000 (15.00%) allocated to NII 1,16,06,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,65,80,000 | 50.00% | 48.79% | NA |
| NII (HNI) Shares Offered | 49,74,000 | 15.00% | 14.64% | NA |
| Retail Shares Offered | 1,16,06,000 | 35.00% | 34.15% | 3,86,866 |
| Preferential Reservations | ||||
| Employee Shares Offered | 8,24,000 | 2.42% | NA | |
| Total Shares Offered | 3,39,84,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Dry Dock | 510.00 |
| 2 | Setting up of ISRF | 265.00 |
| 3 | General corporate purposes | 166.34 |
The Cochin Shipyard IPO is subscribed 76.19 times on August 3, 2017 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 63.51 | 1,65,80,000 | 1,05,31,02,210 |
| NII | 288.87 | 49,74,000 | 1,43,68,47,000 |
| Retail | 8.51 | 1,16,06,000 | 9,87,37,050 |
| Employee | 0.48 | 8,24,000 | 3,93,210 |
| Total | 76.19 | 3,39,84,000 | 2,58,90,79,470 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLMs | 0.42 |
| 2 | Selling Commission for Members of the Syndicate, SCSBs, RTAs and CDPs | 0.25 |
| 3 | Brokerage, selling commission to Registered Brokers’ and processing fees/uploading charges for and SCSBs | |
| 4 | Fees payable to Registrar to the Issue | 0.34 |
| 5 | Printing and stationery expenses | 0.28 |
| 6 | Advertising and marketing expenses | 1.18 |
| 7 | Listing fees | 0.01 |
| 8 | SEBI, BSE and NSE processing fees | 0.34 |
| 9 | Fees payable to Legal Counsel and Monitoring Agency | 0.12 |
| 10 | Miscellaneous (Audit Fees, Demat Charges, Others) | 0.07 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹432.00 | ₹432.00 |
| Open | ₹435.00 | ₹440.15 |
| Low | ₹435.00 | ₹435.00 |
| High | ₹522.00 | ₹528.15 |
| Last Trade | ₹522.00 | ₹528.15 |
Cochin Shipyard IPO is a main-board IPO of 3,39,84,000 equity shares of the face value of ₹10 aggregating up to ₹1,443 Crores. The issue is priced at ₹432 per share. The minimum order quantity is 30.
The IPO opens on Tue, Aug 1, 2017, and closes on Thu, Aug 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 Tue, Aug 1, 2017 and closes on Thu, Aug 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 Thu, Aug 10, 2017. Check the Cochin Shipyard IPO allotment status.
The Cochin Shipyard IPO listing date is on Fri, Aug 11, 2017.
