Cochin Shipyard Ltd IPO, Date, Price, CSL Allotment, Listing Details

By | August 9, 2017

Cochin Shipyard Ltd IPO Date, CSL Allotment, Listing Details

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.

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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Cochin Shipyard IPO Grey Market Price CSL GMP Premium

Latest News:

Cochin Shipyard IPO Opens for Subscription at Rs. 424 to Rs. 432
Cochin Shipyard IPO Listing Date is 11th August 2017

CSL IPO Details

NameValue
Open Date01 August 2017
Close Date03 August 2017
Allotment Date08 August 2017
Refund Date08 August 2017
Listing Date11 August 2017
Issue PriceRs. 424 - Rs. 432 Per Equity Share
Lot Size30 Shares
Minimum Order Quantity30 Shares
Isuue TypeBook Built Issue IPO
Issue Size33,984,000 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 ManagerEdelweiss Capital Limited,
JM Financial Consultants Private Limited,
SBI Capital Markets Limited
RegistrarLink Intime India Private Ltd
Registrar Emailcsl.ipo@linkintime.co.in
Registrar Websitewww.linkintime.co.in
Registrar Phone91-22-25963838
Listing atNSE / BSE
Cochin Shipyard IPO Poll

Would You Apply to Cochin Shipyard IPO?

  • Yes (95%, 18 Votes)
  • No (5%, 1 Votes)

Total Voters: 19

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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

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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

  1. Setting up of a new dry dock within the existing premises of the Company (“Dry Dock”);
  2. Setting up of an international ship repair facility at Cochin Port Trust area (“ISRF”);
  3. General corporate purposes.

Financials

DateTotal AssetsTotal RevenueProfit After Tax
30 SEPTEMBER 16Rs. 36,938.46Rs. 10,274.61Rs. 1,845.24
31 MARCH 16Rs. 35,024.27Rs. 20,992.84Rs. 2,858.29
31 MARCH 15Rs. 30,183.23Rs. 16,632.30Rs. 712.29
31 MARCH 14Rs. 29,915.05Rs. 18,613.43Rs. 2,835.69
31 MARCH 13Rs. 24,024.49Rs. 17,684.60Rs. 2,669.04
31 MARCH 12Rs. 26,094.71Rs. 14,737.01Rs. 1,553.28

Lead Managers

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.

Registrar

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 csl.ipo@linkintime.co.in. The Investor grievance email is csl.ipo@linkintime.co.in.

Cochin Shipyard Limited IPO Issue Subscription Detail / Current Bidding Status

PortionShares Offered01 August 201702 August 201703 August 2017
RII11,606,0001.57004.00007.9606
NII4,974,0000.22000.8200288.8681
QIB16,580,0000.72003.410063.5125
Employee824,0000.12000.29000.4916
Total33,984,0000.92003.160075.9979

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.

Cochin Shipyard IPO Allotment Status Link 1 | Link 2 | Link 3 | Link 4

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

 NSEBSE
OpenRs. 440.15Rs. 435
HighRs. 528.15Rs. 522
LowRs. 435Rs. 435
CloseRs. 528.15Rs. 522

Cochin Shipyard Limited Address

Registered Office: Administrative Building, Cochin Shipyard Premises,
Perumanoor, Kochi – 682015
Kerala, India
Telephone: +91 (484) 2501306; Fax: +91 (484) 2384001
E-mail: secretary@cochinshipyard.com;
Website: www. www.cochinshipyard.com

Cochin Shipyard IPO Prospectus

Draft Prospectus with SEBI

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3 thoughts on “Cochin Shipyard Ltd IPO, Date, Price, CSL Allotment, Listing Details

  1. Mahesh

    Listing will be around 550, it can go up to 600 on the listing day. Happy investing. I would say keep it for long term investment rather than selling on first day. Fair price of Coachin is 575.

    Reply
    1. Yogish R S

      Dont expect too much and give realistic picture. Listing will be below 500.

      Reply

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