Cochin Shipyard Ltd

NSE: COCHINSHIP | BSE: 540678
508.70 -2.10 (-0.41%)
BSE Aug 23, 2017 15:31
Volume: 138.3K
 
Cochin Shipyard Ltd    
19 Aug 2017
508.70
-0.41%
Business Standard
Cochin Shipyard, which successfully completed its IPO recently, has lined up expansion projects worth Rs 2800 crore. The proceeds of IPO to the tune of Rs 961 crore will be utilised to fund these expansions.Cochin Shipyard under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange last week.The company has raised Rs 1,442 crore from the IPO which has been a combination of fresh issue and offer for sale in the ratio of 2:1. The IPO was oversubscribed by over 75 times with more than Rs 1.11 lakh crore being raised against the offer of Rs 1,442 crore.The issue also saw a strong interest from retail segment with over 20 lakh applications, the highest in the last decade.The QIB portion was over subscribed by over 63 times and the HNI portion was over subscribed by 287 times. After listing the shares in the exchange, they opened at 20 per cent increase despits the markets being low.The proceeds of the fresh issue part of the IPO, totaling around Rs 961...
Cochin Shipyard Ltd    
17 Aug 2017
508.70
-0.41%
Business Standard
Cochin Shipyard, which successfully completed its IPO recently, has lined up expansion projects worth Rs 2800 crore. The proceeds of IPO to the tune of Rs 961 crore will be utilised to fund these expansions.Cochin Shipyard under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange last week.The company has raised Rs 1,442 crore from the IPO which has been a combination of fresh issue and offer for sale in the ratio of 2:1. The IPO was oversubscribed by over 75 times with more than Rs 1.11 lakh crore being raised against the offer of Rs 1,442 crore.The issue also saw a strong interest from retail segment with over 20 lakh applications, the highest in the last decade.The QIB portion was over subscribed by over 63 times and the HNI portion was over subscribed by 287 times. After listing the shares in the exchange, they opened at 20 per cent increase despits the markets being low.The proceeds of the fresh issue part of the IPO, totaling around Rs 961...
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Cochin Shipyard Ltd    
11 Aug 2017
508.70
-0.41%
Business Line
State-run Cochin Shipyard made an impressive debut today despite a slump in the markets. Within seconds of being listed, the stock climbed up 9 per cent and within minutes it jumped over 22 per...
Cochin Shipyard Ltd    
11 Aug 2017
508.70
-0.41%
Amid market gloom, a stellar debut for Cochin Shipyard click to expand

State-run Cochin Shipyard made its debut on the stock market today, zooming up over 20.8% as of this writing to Rs. 522 on the BSE. 

Post the IPO, the government's stake in the company has come down by 10 percentage points to 75%.  The IPO, priced in the band of Rs. 424 - 432, was highly oversubscribed even by the enthusiastic standards of this year, subscribed 76.2 times, with the retail portion subscribed over eight times. Sixteen IPOs so far this year were subscribed an average of over 60 times.

The shipbuilder, which is the only profitable firm to be listed in this space, says it will use the money raised for working capital as well as to set up a new ship manufacturing facility at a time traffic at ports is booming. 

Company Photo

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Cochin Shipyard Ltd    
11 Aug 2017
508.70
-0.41%
Cochin Shipyard shares rise 20% on stock market debut
Cochin Shipyard shares rise 20% on stock market debut
livemint
Cochin Shipyard shares opened 0.7% higher on the BSE at Rs435 apiece compared to the issue price of Rs432 , which was the upper end of the price band of Rs424-432 per share
Cochin Shipyard Ltd    
10 Aug 2017
508.70
-0.41%
Business Line
Cochin Shipyard, which saw strong demand from investors for its initial share sale offer, will list its shares on the bourses tomorrow.The initial share sale offer of Cochin Shipyard was...
Cochin Shipyard Ltd    
03 Aug 2017
508.70
-0.41%
Cochin Shipyard IPO oversubscribed by 71 times on final day click to expand

Cochin Shipyard's public issue has been oversubscribed by over 71 times on its final day, receiving bids for 242.13 crore equity shares against the IPO size of 3.39 crore shares, as per data on the exchange.

During the last decade (2007-2017), the company said that its sales and profits grew at a CAGR of 11.1 percent and 19 percent. At the upper end of the Cochin Shipyard IPO price band, the company would hit a market capitalisation of Rs 5,845 crore.

Excluding cash (Rs 1,600 crore and Rs 979 crore from IPO proceeds) market capitalisation would come to Rs 3,250 crore, about 8x the company's EBIDTA in FY17. 

Cochin Shipyard Ltd    
01 Aug 2017
508.70
-0.41%
Business Line
Cochin Shipyard, a Mini-Ratna engaged in the business of shipbuilding and repairing, is currently tapping the primary market. About 83 per cent of the company's revenue was generated by the...
Cochin Shipyard Ltd    
01 Aug 2017
508.70
-0.41%
Ventura
We recommend a subscribe for listing gains
Cochin Shipyard Ltd    
01 Aug 2017
508.70
-0.41%
Way2Wealth
Cochin Shipyard Ltd. (CSL) is the largest public sector shipyard in India in terms of dock capacity, as on March 31, 2015.CSL is primarily engaged in the business of shipbuilding and ship repair. It also offers services in respect of marine engineering training apart from shipbuilding and ship repair. CSL caters to clients engaged in the defence sector in India and commercial sector worldwide. CSL has two docks- dock number one, primarily used for ship repair (Ship Repair Dock) and dock number two, primarily used for shipbuilding (Shipbuilding Dock). The Ship Repair Dock is one of the largest in India with a maximum capacity of 125,000 DWT. The Shipbuilding Dock can...