IPO: Cochin Shipyard Limited
♦ ISSUE PERIOD : 1st August to 3rd August
♦ PRICE RANGE: Rs424-432
♦ Lot Size: 30 Shares
♦ Issue Size: 33,984,000 Shares
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.
PROMOTER AND PROMOTER GROUP:
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.
Profit and Loss:
Cash Flow Statament:
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, email@example.com|
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