Forthcoming IPO_ Cochin Shipyard Ltd

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Cochin Shipyard Ltd IPO (Cochin Shipyard IPO) Detail

Issue Detail:
Issue Open Date Aug 1st , 2017 Price Band : Rs 424 – Rs 432  
Issue Open Date Aug 3rd , 2017 Minimum Bid Qty : 30  

Discount of Rs 21 is offered to RII and Employee. Discounted price band is Rs 403 – Rs 411 for Retail and Employee.

Objective :

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.

 Business Description :

 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:

Particulars

 For the year/period ended (in Rs. Million)

31-Mar-17

 31-Mar-16

31-Mar-15

Total Assets

 33,164.37 33,488.61 28,912.85
Total Revenue 22,085.01 20,968.81

16,604.52
Profit After Tax 3,121.82 2,917.52

692.82

 

Company Contact Information :

Cochin Shipyard Ltd
Administrative Building,
Cochin Shipyard Premises,
Perumanoor, Kochi – 682015
Phone: +91 (484) 2501306
Fax: +91 (484) 2384001
Email: secretary@cochinshipyard.com
Website: http://www.cochinshipyard.com

IPO Registrar :

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: sis.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

 

IPO Lead Manager(s) :

  1. Edelweiss Capital Limited
  2. JM Financial Consultants Private Limited
  3. SBI Capital Markets Limited

 

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