Cochin Shipyard OFS Opens Today: Govt To Sell 5% Stake In Defence PSU; Check Floor Price, Discount Other Info

Cochin Shipyard OFS Opens Today: Shares of Cochin Shipyard are likely to see heightened volatility on Tuesday, July 7, after the government announced an offer for sale (OFS) of up to a 5.04% stake in Cochin Shipyard Limited. This OFS will mark another minority stake sale by the government following stake sales in IRFC and Coal India.

Cochin Shipyard OFS will mark another minority stake sale by the government. The OFS will open for non-retail investors on Tuesday, followed by the bidding option for retail investors the next day, ie Wednesday, July 8.

Cochin Shipyard OFS: Key Things To Know

The OFS will open for retail investors on Tuesday. The government will initially sell a 2.52% stake, equivalent to 66.29 lakh shares. There will also be an option to sell an additional 2.52% stake through the greenshoe option if Cochin Shipyard OFS sees strong investor demand.

"Government announces Offer for Sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52% of its paid-up equity and an additional 2.52% as the green-shoe option in case of over subscription. Floor price has been fixed at Rs. 1400 per share. OFS opens for non-retail investors on 7th July 2026. Retail investors get to bid on 8th July 2026," read a social media post by Arunish Chawla, Secretary, Department of Investment and Public Asset Management.

Cochin Shipyard OFS Floor Price

Cochin Shipyard OFS floor price has been fixed at Rs 1,400 per share, which means a discount of nearly 7% to Monday's closing price. The stock had closed at Rs 1,508.5 per share on Monday. Cochin Shipyard share price closed 1.25% lower at Rs 1504.75 per share on BSE with a market capitalisation of Rs 39587.08 crore.

Cochin Shipyard OFS Opens Today: How To Apply?

-Retail investors can apply for Cochin Shipyard OFS on Wednesday.
-Investors can apply for the OFS by using any trading platform or broker's application.
-Open the application and check the 'OFS' section.
-Click on Cochin Shipyard OFS option and then review the details like floor price, bid quantity, issue details, etc.
-Investors' bid must be higher than or equal to the floor price of Rs 1,400 per share.
-Make sure that you have sufficient funds before applying for the OFS.
-If your bid becomes successful you will receive shares in the demat account on the settlement date.

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