Cochin Shipyard IPO
India's largest public sector shipyard listed on BSE and NSE through an issue of new shares combined with a government offer for sale.
- Company
- Cochin Shipyard
- Type
- IPO
- Status
- Completed
- Date
- 3 Aug 2017
- Value
- INR 4.7bn
- US$ equivalent
- US$72m
- Value basis
- ₹470.01 crore to the Government for 11,328,000 existing shares (25% of its pre-IPO holding); the company also sold 22,656,000 new shares in the same offer
- Region
- India
- Segment
- Listed equity
Parties
- Cochin Shipyard issuer
- Government of India (Ministry of Shipping) selling shareholder
Key terms
- Offer
- 22,656,000 new shares plus 11,328,000 shares sold by the President of India
- Bid/offer period
- 1-3 Aug 2017
- Book running lead managers
- SBI Capital Markets, Edelweiss Financial Services and JM Financial
- Government holding after
- 75.00%
Sources
- SEBI: Cochin Shipyard Limited red herring prospectus sebi.gov.in · 21 Jul 2017
- DIPAM: disinvestment receipts 2017-18 dipam.gov.in · 2018
Record DEF-INV-2017-0006. Investments are kept apart from the financings register and never counted in debt totals.
