Cochin Shipyard Limited Launches Offer for Sale of Equity Shares by Government Entity

Cochin Shipyard Limited Launches Offer for Sale of Equity Shares by Government Entity​

Cochin Shipyard Limited's shares are being offered in an Offer for Sale (OFS) initiated by the President of India, acting through the Ministry of Ports, Shipping and Waterways, Government of India. The offer is targeting institutional, retail, and employee investors across a designated period in July 2026.

The Promoter proposes to sell equity shares on behalf of the Company. This comprehensive offer involves multiple categories of buyers and specific timelines for allotment, designed under the stock exchange mechanism.

Key details regarding the Offer are summarized below:

Offer Structure and Investor Categories​

The Offer encompasses three primary investor categories: Non-Retail Investors, Retail Investors, and Employees. The sales are being conducted exclusively through the Seller's designated brokerages on a separate window provided by the Stock Exchanges.

Non-Retail Category:
Bids for non-Retail Investors will be accepted on T day (July 7, 2026). These investors also have an option to carry forward un-allotted bids to T+1 day for allocation in the Retail Category if the initial offer is unsubscribed.

Retail Category:
A minimum of 10% of the Offer Shares has been reserved for the Retail Category. Allocation in this category will be determined based on a price priority method, and the "Cut-Off Price" is defined as the lowest price at which the Offer Shares are sold in the non-Retail Category.

Employee Category:
A specific allocation of 26,308 Equity Shares (representing 0.20% of the Offer Shares) has been set aside for eligible employees. Eligible employees can place bids up to a maximum limit of 500,000 shares and are eligible for allotment up to 200,000 on T+1 day alongside the Retail Category.

Allocation Mechanisms and Operations​

The allocation methodology dictates that all successful orders must be placed at or above the Floor Price (₹1400.00). In cases of oversubscription within any category, allocation will be done on a proportionate basis at the prevailing clearing price or Cut-Off Price.

A minimum of 25% of the Offer Shares is reserved for Mutual Funds and Insurance Companies. The Seller reserves the right to exercise the Oversubscription Option if market conditions warrant it.

The sale of shares in this offer will be managed by the Seller's designated brokerages, including DAM Capital Advisors Limited, Axis Capital Limited, and BOB Capital Markets Limited. The mechanism is specifically designed for companies with a market capitalization of INR 1,000 Crores and above.

COCHINSHIP Stock Price Movement​

Shares of Cochin Shipyard Limited on Monday slipped by 1.02% to settle at ₹1506.40, shedding ₹15.60 from the previous close. The equity saw brisk activity during the session, with a total traded volume recorded at 814,764 shares.