Skip to main content

Cochin Shipyard Ltd IPO (Cochin Shipyard IPO) Detail

DSR Broking

Incorporated in 1969, Cochin Shipyard Limited is one of the largest public sector shipyard in India in terms of dock capacity. They operates a shipyard that provides shipbuilding and ships/offshore structures repair services.
Cochin Shipyard's shipbuilding activities include the construction of vessels for clients operating in the defense and in the commercial sector shipping industry. In addition to shipbuilding and ship repair, they also offers marine engineering training programs as well as offer additional courses, including six months practical training for marine engineering students from colleges affiliated to universities, fire prevention and firefighting, and elementary first aid training through its marine engineering training institute; and chemical, mechanical, and non-destructive testing services of metals, welds, and alloys.
They have built and delivered vessels across broad class ifications 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 ”). They are currently building India's first Indigenous Aircraft Carrier (“IAC”) for the Indian Navy.

Company Promoters:

The President of India is the promoter of the company. The Promoter along with its nominees, currently holds 100% of the pre-Issue paid-up equity share capital of the Company.

Company Financials:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. Million)
31-Mar-1731-Mar-1631-Mar-15
Total Assets33,164.3733,488.6128,912.85
Total Revenue22,085.0120,968.8116,604.52
Profit After Tax3,121.822,917.52692.82

Objects of the Issue:

Company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Setting up of a new dry dock within the existing premises of the Company (“Dry Dock”);
2. Setting up of an international ship repair facility at Cochin Port Trust area (“ISRF”); and
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: Aug 1, 2017 - Aug 3, 2017 
  »»  Issue Type: Book Built Issue IPO 
  »»  Issue Size: 33,984,000 Equity Shares of Rs 10 aggregating up to Rs 1,468.11 Cr 
    ›  Fresh Issue of 22,656,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
    ›  Offer for Sale of 11,328,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr 
  »»  Face Value: Rs 10 Per Equity Share 
  »»  Issue Price: Rs 424 - Rs 432 Per Equity Share 
  »»  Market Lot: 30 Shares 
  »»  Minimum Order Quantity: 30 Shares 
  »»  Listing At: BSE, NSE
Discount of Rs 21 is offered to RII and Employee. Discounted price band is Rs 403 - Rs 411 for Retail and Employee.

Comments

Popular posts from this blog

Reliance Jio planning own cryptocurrency called JioCoin

DSR Broking


After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cyptocurrency, JioCoin. With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.  “The company plans to hire 50 young professionals with average age of 25 years for Akash Ambani to lead. There are multiple applications of blockchain (for the company). The team would work on various blockchain products,” a person familiar with the development said on condition of anonymity. Blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database whi…

Dixon Technologies (India) Limited IPO (Dixon IPO) Detail

Incorporated in 1993, Dixon Technologies is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets. The product portfolio of Dixon include: 1. Consumer electronics like LED TVs
2. Home appliances like washing machines
3. Lighting products like LED bulb, tube lights, CFL bulbs etc.
4. Mobile phones Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels. Dixon is leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Dixon manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish. Dixon is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. The ODM business contribute over 25% of its revenue. Company have six manufacturing facilities located in the states of Uttar Prades…

Mahindra Logistics Limited IPO , Today is the last day for subscription

DSR Broking

Incorporated in 2008, Mahindra Logistics Limited is end-to-end logistics solution and service provider. Mahindra Logistics is part of Mahindra Group (M&M), one of India's leading corporate groups with operations across several industries and countries. Before 2008 the logistics business of M&M was operated as a division of M&M serving the transportation and distribution, warehousing and in-factory logistics requirements of M&M.
The logistics solution of the company includes transportation and distribution, warehousing, in-factory logistics and value added services to its clients. Company also provide people transportation solutions and services across India to over 100 domestic and multinational companies operating in the IT, ITeS, business process outsourcing, financial services, consulting and manufacturing industries in 12 cities and over 120 clients. Company's subsidiary, 2X2 Logistics, provides logistics and transportation services to OEMs to carry…