Cochin Shipyard Ipo Analysis

Cochin shipyard ipo analysis

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Cochin Shipyard IPO

Cochin Shipyard is the largest public sector shipyard in India in terms of dock capacity, according to CRISIL Report. The company caters to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide.

Cochin shipyard ipo analysis

In addition to shipbuilding and ship repair, it also offers marine engineering training. As of January 31, 2017, Cochin Shipyard 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 and enables it to accommodate vessels with a maximum capacity of 125,000 DWT (Dead Weight Tonnage).

Cochin shipyard ipo analysis

The Shipbuilding Dock can accommodate vessels with a maximum capacity of 110,000 DWT.

Cochin Shipyard is in the process of constructing a new dock, a ‘stepped’ dry dock (“Dry Dock”). This stepped dock will enable longer vessels to fill the length of the dock and wider, shorter vessels and rigs to be built or repaired at the wider part.

Company Promoters:

The company is also in the process of setting up an International Ship Repair Facility (“ISRF”), which includes setting up a shiplift and transfer system.

In the last two decades, Cochin Shipyard has built and delivered vessels across broad classifications including bulk carriers, tankers, Platform Supply Vessels (“PSVs”), Anchor Handling Tug Supply vessels (“AHTSs”), barges, bollard pull tugs, passenger vessels and Fast Patrol Vessels (“FPVs”).

The company is currently building India’s first Indigenous Aircraft Carrier (“IAC”) for the Indian Navy.

Safety Film on Cochin Shipyard Ltd.

It has also grown its ship repair operations and is the only commercial shipyard to have undertaken repair work of Indian Navy’s aircraft carriers, the INS Viraat and INS Vikramaditya.

Promoters of Cochin Shipyard: The President of India

Cochin Shipyard IPO details
Subscription Dates1 – 3 August 2017
Price BandINR424 – 432 per share
Fresh issue22,656,000 shares (INR960.61 – 978.74 crore)
Offer For Sale11,328,000 shares (INR480.31 – 489.37 crore)
Total IPO size33,984,000 shares (INR1,440.92 – 1,468.11 crore)
Minimum bid (lot size)30 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Cochin Shipyard’s restated financial performance (in INR crore)

Total revenue1,766.81,858.91,660.42,096.92,208.5
Total expenses1,369.41,425.91,550.01,647.21,728.3
Profit after tax266.3281.869.3291.8312.2

Cochin Shipyard IPO
Administrative Building, Cochin Shipyard Premises, Perumanoor
Kochi – 682015 Kerala

Phone: +91 484 2501 306
Fax: +91 484 2384 001
Email:[email protected]

Earnings Per Share (EPS): INR27.56

Price/Earnings (P/E) ratio: 15.38 – 15.67

Return on Net Worth (RONW): 15.37%

Net Asset Value (NAV): INR179.29 per share

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: [email protected]

Cochin Shipyard IPO Subscription Details

CategoryShares offeredSubscription (No.

of times, at 5 PM) 

Day 1Day 2Day 3
QIB 16,580,000 0.71 3.4063.51

Cochin Shipyard IPO allotment status will be available on Link Intime’s website.

Click on this link to get allotment status.

IPO Opening Date: 1 August 2017

IPO Closing Date: 3 August 2017

Finalisation of Basis of Allotment: 8 August 2017

Initiation of refunds: 9 August 2017

Transfer of shares to demat accounts: 10 August 2017

Listing Date: 11 August 2017

Listing Price on NSE: INR440.15 per share (up 1.8% from IPO price)

Closing Price on NSE: INR528.15 per share (up 22.2% from IPO price)

Cochin shipyard ipo analysis