Cochin Shipyard OFS Opens With Up To 1.33 Crore Shares On Offer

Cochin Shipyard Limited (CSL) has announced an Offer for Sale (OFS) of upto 5.04% stake through the stock exchange mechanism, allowing eligible investors to participate in the company's equity offering.

The floor price of OFS has been set at ₹1,400 per share. The OFS will be conducted over two trading days - it will open for non-retail investors on July 7, while retail investors can submit their bids on July 8.

Cochin Shipyard's share price fell as much as 4% to ₹1,437.5 on NSE in Tuesday's trading session after the government announced its OFS.

Key Highlights of the OFS

• Base Offer Size: 66,29,636 equity shares
• Green Shoe Option: Additional 66,29,636 equity shares
• Total Offer Size: Up to 1,32,59,272 equity shares
• Retail Reservation: 6,62,964 equity shares (10% of the offer size)
• Employee Reservation: 26,380 equity shares
• Floor Price: ₹1,400 per equity share
• Face Value: ₹5 per share
• Allocation Method: Price Priority Method

OFS Schedule
For Non-Retail Investors

Opening Date: 7 July 2026 (Tuesday)

Institutional and non-retail investors can place their bids on the first day of the offer.

For Retail Investors

Opening Date: 8 July 2026 (Wednesday)

Retail investors, eligible employees, and non-retail investors carrying forward unallotted bids from Day 1 can participate on the second day of the OFS.

Understanding the Offer Structure

The OFS consists of a base issue of 66.29 lakh shares along with an oversubscription (Green Shoe) option of another 66.29 lakh shares, taking the total offer size to 1.33 crore shares.

The seller has the option to retain the oversubscription amount by exercising the Green Shoe option in accordance with the OFS framework. The offer will be conducted through the dedicated OFS window of the stock exchanges as per SEBI guidelines.

Why Cochin Shipyard Remains in Focus

Cochin Shipyard is one of India's premier shipyards and has built a strong presence across commercial shipbuilding, ship repair, and defence projects. The company continues to benefit from India's growing focus on maritime infrastructure, naval modernization, and domestic manufacturing.

Some of its key strengths include:

• One of India's largest shipbuilding and ship repair companies.
• Strong presence in both commercial and defence shipbuilding.
• Strategic importance in India's maritime and naval ecosystem.
• Growing opportunities from government initiatives supporting indigenous shipbuilding.
• Established execution capabilities and diversified order book.
   

Investor Outlook

The OFS is expected to attract attention from institutional as well as retail investors, given Cochin Shipyard's strategic position in India's maritime sector.

Investors may evaluate the offer based on the company's order pipeline, execution capabilities, defence opportunities, financial performance, and long-term growth prospects in India's expanding shipbuilding and maritime infrastructure industry.