IPO: Cochin Shipyard Limited

Last Updated-Dec 28, 2017 @ 8:26 pm

cochin shipyard ipo

♦ ISSUE PERIOD : 1st August to 3rd August
♦ PRICE RANGE: Rs424-432

♦ Lot Size: 30 Shares
♦ Issue Size: 33,984,000 Shares


Rate This IPO:

[Total: 2    Average: 4/5]

Company Overview:

Cochin Shipyard Limited is the largest public sector shipyard in India in terms of dock capacity, as of March 31, 2015, according to the CRISIL Report. They cater to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide. In addition to shipbuilding and ship repair, they also offer marine engineering training.
As of January 31, 2017, Cochin Shipyard Limited has two docks – dock number one, primarily used for ship repair (“Ship Repair Dock”) and dock number two, primarily used for shipbuilding (“Shipbuilding Dock”). Their Ship Repair Dock is one of the largest in India and enables them to accommodate vessels with a maximum capacity of 125,000 DWT (Source: CRISIL Report). Their Shipbuilding Dock can accommodate vessels with a maximum capacity of 110,000 DWT (Source: CRISIL Report). Cochin Shipyard Limited is in the process of constructing a new dock, a ‘stepped’ dry dock (“Dry Dock”). This stepped dock will enable longer vessels to fill the length of the dock and wider, shorter vessels and rigs to be built or repaired at the wider part. They are also in the process of setting up an International Ship Repair Facility (“ISRF”), which includes
setting up a shiplift and transfer system.

OBJECTS of the issue:

1. Setting up of a new dry dock within the existing premises of our 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's Promoter is the President of India acting through the Ministry of Shipping. Their Promoter, along with its nominees, currently holds 100% of the pre-Issue paid-up equity share capital of our Company. As their Promoter is the President of India, acting through the Ministry of Shipping, disclosures on the Promoter Group (defined in regulation 2(zb) of the SEBI ICDR Regulations) as specified in Schedule VIII of the SEBI ICDR Regulations have not been provided.


Balance Sheet:

cochin shipyard

Profit and Loss:

cochin shipyard profit and loss

Cash Flow Statament:

cochin shipyard cashflow
cochin shipyard cashflow
cochin shipyard cashflow

Source: DRHP

Are you fed-up with high brokerage charges??
Invest in IPOs and Stocks at ZERO brokerage!!! 

As on 03-Aug-2017 17:00:06 IST(All Exchange)

Total Issue Size 3,39,84,000
Total Bids Received 2,58,16,13,280
Total Bids Received at Cut-off Price 7,53,90,270
No. of times issue is subscribed 75.97


Issue Period 01-Aug-2017 to 03-Aug-2017
Post issue Modification Period 04-Aug-2017 (10.00 A.M. to 1.00 P.M.)
Issue Size Initial Public offer of 33,984,000 Equity Shares
Issue Type 100% Book Building
Price Range Rs 424 to Rs 432
Discount Rs. 21 per Equity Share for Retail and Eligible Employees Category
Face Value Rs 10
Tick Size Re 1
Bid Lot 30 Equity Shares and in multiples thereof
Minimum Order Quantity 30 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers SBI Capital Markets Limited, Edelweiss Financial Services Limited and JM Financial Institutional Securities Limited
Syndicate Members SBICAP Securities Limited, Edelweiss Securities Limited and JM Financial Services Limited
Categories FI, IC, MF, FII, OTH, CO, IND, NOH and EMP
Name of the Registrar Link Intime India Private Limited
Address of the Registrar C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
Contact person name number and Email id Ms. Shanti Gopalkrishnan, +91 22 49186000, csl.ipo@linkintime.co.in

Source: NSE


You can check the allotment here.

Tip: Read The Intelligent Investor to become a better investor.



Stop paying high brokerage!!
Pay ZERO brokerage for IPOs

Popular articles:


IPO News