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Cochin Shipyard IPO – Price, Subscription, Allotment, Listing, GMP

Cochin Shipyard IPO - Price, Subscription, Allotment, Listing, GMP
Cochin Shipyard
Cochin Shipyard is the biggest open segment shipyard in India as far as dock limit, as per CRISIL Report. The organization takes into account customers occupied with the guard division in India and customers occupied with the business part around the world. Notwithstanding shipbuilding and ship repair, it likewise offers marine designing preparing. As of January 31, 2017, Cochin Shipyard has two docks – dock number one, essentially utilized for delivering repair (“Ship Repair Dock”) and dock number two, fundamentally utilized for (“Shipbuilding Dock”). The Ship Repair Dock is one of the biggest in India and empowers it to oblige vessels with a most extreme limit of 125,000 DWT (Dead Weight Tonnage). The Shipbuilding Dock can suit vessels with the greatest limit of 110,000 DWT.
Cochin Shipyard is developing another dock, a “ventured” dry dock (“Dry Dock”). This ventured dock will empower longer vessels to fill the length of the dock and more extensive, shorter vessels and apparatuses to be manufactured or repaired at the more extensive part. The organization is additionally during the time spent setting up an International Ship Repair Facility (“ISRF”), which incorporates setting up a ship lift and exchange framework.
Over the most recent two decades, Cochin Shipyard has constructed and conveyed vessels crosswise over expensive orders including mass bearers, tankers, Platform Supply Vessels (“PSVs”), Anchor Handling Tug Supply vessels (“AHTSs”), flatboats, bollard pull pulls, traveler vessels and Fast Patrol Vessels (“FPVs”). The organization is right now fabricating India’s first Indigenous Aircraft Carrier (“IAC”) for the Indian Navy. It has likewise developed its ship repair operations and is the main business shipyard to have attempted repair work of Indian Navy’s plane carrying warships, the INS Viraat and INS Vikramaditya.

Promoters of Cochin Shipyard: The President of India 

Cochin Shipyard IPO details
Subscription Dates
1 – 3 August 2017
Price Band
INR424 – 432 per share
Fresh issue
22,656,000 shares (INR960.61 – 978.74 cr.)
Offer For Sale
11,328,000 shares (INR480.31 – 489.37 cr.)
Total IPO size
33,984,000 shares (INR1,440.92 – 1,468.11 cr.)
Minimum bid (lot size)
30 shares
Face Value 
INR10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Cochin Shipyard’s restated financial performance (in INR crore)
FY2013
FY2014
FY2015
FY2016
FY2017
Total revenue
1,766.8
1,858.9
1,660.4
2,096.9
2,208.5
Total expenses
1,369.4
1,425.9
1,550.0
1,647.2
1,728.3
Profit after tax
266.3
281.8
69.3
291.8
312.2

COCHIN SHIPYARD CONTACT DETAILS

Cochin Shipyard IPO
Administrative Building, Cochin Shipyard Premises, Perumanoor
Kochi – 682015 Kerala
Phone: +91 484 2501 306
Fax: +91 484 2384 001
Email: secretary@cochinshipyard.com
Website: www.cochinshipyard.com

COCHIN SHIPYARD IPO REGISTRAR

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078, Maharashtra, India
Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: csl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Cochin Shipyard IPO Subscription Details

Category
Shares offered
Subscription (No. of times) 
Day 1
Day 2
Day 3
QIB
1,65,80,000 0.71 3.40 63.51
NII
49,74,000 0.22 .82 288.87
Retail
1,16,06,000 1.57 3.99 7.92
Employee 8,24,000 0.12 0.29 0.48
Total
3,39,84,000 0.92 3.15
75.98

Latest Grey Market Premium Today (As On 08-08-2017)

IPO Name
Offer Price
Grey Market Premium
Kostak Rates
Cochin Shipyard
424-432
180-185
1100-1200

LISTING PERFORMANCE OF SIS INDIA

IPO Opening Date: 01 August 2017
IPO Closing Date:  03 August 2017
Finalization of Basis of Allotment: 08 August 2017
Initiation of refunds: 09 August 2017
Transfer of shares to demat accounts: 10 August 2017
Listing Date: 11 August 2017
Listing Price on NSE: To be updated


Closing Price on NSE: To be updated

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