Cochin Shipyard Ltd IPO Date, CSL IPO Allotment Status, Cochin Shipyard IPO Listing Date, Cochin Shipyard IPO Greymarket Price, Subscription info –
Cochin Shipyard Ltd (CSL), which is India’s largest public sector shipyard has filed the Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering (IPO). CSL has filed the initial papers with the market regulator SEBI to raise about Rs. 1,400-1,500 crore. Cochin Shipyard will raise money to complete two projects in the future. We will discuss the objects of the issue in the given section. The price band is yet not decided by the company as on 24th July 2017. The price band of Cochin Shipyard Ltd IPO will be updated here later. Investors should check the below area for the details such as company info, IPO details, dates, daily subscription details, allotment status of Cochin Shipyard Ltd IPO, Listing date of CSL IPO etc.
- 1 Cochin Shipyard Ltd IPO
- 2 CSL IPO Details
- 2.1 Cochin Shipyard IPO Price Band
- 2.2 Cochin Shipyard (CSL) IPO Date
- 2.3 Cochin Shipyard Limited IPO Issue Subscription Detail / Current Bidding Status
- 2.4 Cochin Shipyard Limited / CSL IPO Allotment Status Online
- 2.5 CSL IPO / Cochin shipyard Listing Date
Cochin Shipyard Ltd IPO
About the company: Cochin Shipyard Ltd (CSL) is an India’s biggest public sector shipyard in terms of dock capacity (Total capacity of 235,000 deadweight tonnage (DWT)). Cochin Shipyard is fully owned by Government of India. CSL was established in March 1972 and began business in 1975. In the past 30 years, the institution has blossomed as a forerunner in the Indian Shipbuilding & Ship repair market. It has two docks – One is Ship Repair Dock and the second is Shipbuilding Dock. The Ship Repair Dock of Cochin Shipyard Ltd is one of the biggest in India and allows it to handle ships with a maximum capacity of 125,000 DWT. CSL serves to clients involved in India’s defense sector and international commercial shipping industry. It also offers marine engineering training.
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CSL IPO Details
|Open Date||01 August 2017|
|Close Date||03 August 2017|
|Allotment Date||08 August 2017|
|Refund Date||08 August 2017|
|Listing Date||11 August 2017|
|Issue Price||Rs. 424 - Rs. 432 Per Equity Share|
|Lot Size||30 Shares|
|Minimum Order Quantity||30 Shares|
|Isuue Type||Book Built Issue IPO|
|Issue Size||33,984,000 Equity Shares of Rs 10 aggregating up to Rs [.] Crore|
Fresh Issue of 22,656,000 Equity Shares of Rs 10 aggregating up to Rs [.] Crore
Offer for Sale of 11,328,000 Equity Shares of Rs 10 aggregating up to Rs [.] Crore
|Lead Manager||Edelweiss Capital Limited,|
JM Financial Consultants Private Limited,
SBI Capital Markets Limited
|Registrar||Link Intime India Private Ltd|
|Registrar Email||[email protected]|
|Listing at||NSE / BSE|
Would You Apply to Cochin Shipyard IPO?
- Yes (95%, 18 Votes)
- No (5%, 1 Votes)
Total Voters: 19
At what price Cochin Shipyard will be listed?
- Rs. 600 to Rs. 620 (58%, 1,002 Votes)
- Rs. 560 to Rs. 580 (22%, 372 Votes)
- Rs. 530 to Rs. 540 (12%, 215 Votes)
- Rs. 500 to Rs. 510 (8%, 136 Votes)
Total Voters: 1,725
Cochin Shipyard IPO Price Band
The price band of Cochin Shipyard IPO is fixed at Rs. 424 to 432. The CSL IPO is projected to be worth Rs 1,500 Crore. This will value the Cochin Shipyard at Rs 4,000 Crore. The government possesses 100% share in Cochin Shipyard. The government will disinvestment 10% stake aprt from issuing fresh shares representing 15% stake via the IPO. Following the IPO and listing, the government’s stake in the Cochin Shipyard is going to stand at 75%.
Price discount for retail investors and employees
There is good news for the retail investors and employees of CSL as the government has announced that the discount of Rs. 21 per share will be given to the retail investors and employees.
Cochin Shipyard (CSL) IPO Date
The initial public offering of Cochin Shipyard Ltd will open for subscription on 01st August 2017. The share sale was sanctioned by the Cabinet Committee on Economic Affairs in November 2015. Cochin Shipyard is the only profit-making yard controlled by the shipping ministry. Shares of the Cochin Shipyard Ltd will be listed on National Stock Exchange and Bombay Stock Exchange.
Objects of the Issue
- Setting up of a new dry dock within the existing premises of the Company (“Dry Dock”);
- Setting up of an international ship repair facility at Cochin Port Trust area (“ISRF”);
- General corporate purposes.
|Date||Total Assets||Total Revenue||Profit After Tax|
|30 SEPTEMBER 16||Rs. 36,938.46||Rs. 10,274.61||Rs. 1,845.24|
|31 MARCH 16||Rs. 35,024.27||Rs. 20,992.84||Rs. 2,858.29|
|31 MARCH 15||Rs. 30,183.23||Rs. 16,632.30||Rs. 712.29|
|31 MARCH 14||Rs. 29,915.05||Rs. 18,613.43||Rs. 2,835.69|
|31 MARCH 13||Rs. 24,024.49||Rs. 17,684.60||Rs. 2,669.04|
|31 MARCH 12||Rs. 26,094.71||Rs. 14,737.01||Rs. 1,553.28|
CSL has appointed leading investment banks such as SBI Capital Markets Ltd, JM Financial Institutional Securities Ltd and Edelweiss Financial Services Ltd to handle the IPO.
Link Intime India Private Ltd is the registrar for the Cochin Shipyard Ltd IPO. Link Intime has appointed Ms. Shanti Gopalkrishnan to handle all queries related to the IPO. Investors can contact Link Intime on telephone no. +91 (22) 4918 6200. Investors can also send their emails to the [email protected] The Investor grievance email is [email protected]
Cochin Shipyard Limited IPO Issue Subscription Detail / Current Bidding Status
|Portion||Shares Offered||01 August 2017||02 August 2017||03 August 2017|
Cochin Shipyard Limited / CSL IPO Allotment Status Online
Cochin shipyard will end the subscription for its IPO on 03rd August 2017. Following the subscription process, the Cochin Shipyard Ltd will issue the basis of allotment and allotment status on the registrar’s website. Candidates can check www.linkintime.co.in for the IPO Allotment status of Cochin shipyard. Check the direct link of the Cochin Shipyard IPO at our website.
CSL IPO / Cochin shipyard Listing Date
The listing of Cochin Shipyard CSL IPO will be on 11th August 2017.
The IPO of the Cochin shipyard will be listed on BSE and NSE. The listing date will be soon announced after the allotment. Check this space for the listing date, Listing Price, and other details.
Cochin Shipyard IPO Listing Day Figures
|Open||Rs. 440.15||Rs. 435|
|High||Rs. 528.15||Rs. 522|
|Low||Rs. 435||Rs. 435|
|Close||Rs. 528.15||Rs. 522|
Cochin Shipyard Limited Address
Registered Office: Administrative Building, Cochin Shipyard Premises,
Perumanoor, Kochi – 682015
Telephone: +91 (484) 2501306; Fax: +91 (484) 2384001
E-mail: [email protected];
Website: www. www.cochinshipyard.com