Cochin Shipyard shares dip 2% as govt’s OFS opens for retail buyers right this moment
The federal government is seeking to divest as much as a 5.04% stake within the state-run shipbuilder via the OFS. The sale entails greater than 1.32 crore shares. As of the March 2026 quarter, the Centre held a 67.91% stake in Cochin Shipyard, whereas retail buyers owned 19.66% and high-net-worth people held 0.73%.
The non-retail portion of the OFS was subscribed 3.52x on Tuesday, prompting the federal government to train your complete greenshoe choice to promote a further 2.52% stake within the firm. The Centre had initially provided to promote a 2.52% stake, equal to 66.29 lakh shares.
Additionally learn:Cochin Shipyard OFS will get 3.5x bids; govt workouts greenshoeThe indicative bid value stood at Rs 1,401.85 per share, in contrast with the ground value of Rs 1,400. On the ground value, the sale of the complete 5.04% stake is predicted to fetch round Rs 1,800 crore for the federal government.
The OFS is a part of the Centre’s ongoing disinvestment programme. Since Might 21, the federal government has raised greater than Rs 20,000 crore via a sequence of OFSs. In June, it carried out stake gross sales in corporations together with Coal India, NLC India, NHPC, IRFC, GIC**,** and others.
The federal government has exercised the greenshoe choice in each OFS it has launched to date this yr.
Tips on how to apply?
Retail buyers can submit bids via the OFS part accessible on their buying and selling platform or dealer’s software. Earlier than putting bids, buyers ought to verify particulars akin to the ground value and bid amount. The bid value have to be equal to or greater than the ground value of Rs 1,400 per share.Traders additionally want to take care of ample funds of their buying and selling accounts, because the bid quantity will stay blocked till the allotment course of is accomplished. Shares will probably be credited to the Demat account of profitable candidates on the settlement date, whereas unsuccessful bidders could have the blocked quantity launched.
Shipyard shareholding sample
The federal government owned practically a 68% stake in Cochin Shipyard as of March 31, 2026, in keeping with the corporate’s shareholding sample filed with the NSE. In the meantime, round 9.62 lakh retail shareholders held roughly a 20% stake within the firm.
Life Insurance coverage Company of India (LIC) owned greater than a 3% stake, whereas 24 mutual funds owned barely greater than a 2% stake within the firm. International buyers, in the meantime, held round a 3% stake within the firm’s complete fairness.
Cochin Shipyard share value
Cochin Shipyard is one in every of India’s main public sector shipbuilding and ship restore corporations. The corporate’s shares have delivered over 400% returns previously three years and practically 700% returns previously 5 years.
Lately, the inventory has come below strain. The PSU’s shares have dropped greater than 29% over the previous yr and over 12% in 2026 to date. The corporate has a market capitalisation of practically Rs 38,000 crore.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
