Cochin Shipyard is in focus on Wednesday, July 8, 2026, as the Centre's Offer for Sale (OFS) opened for retail investors following strong demand in the non-retail category.
The government plans to divest up to a 5.04% stake in the state-owned shipbuilder as part of its disinvestment programme.
The Centre is looking to divest up to 5.04% stake, or more than 1.32 crore shares, in Cochin Shipyard through the OFS. Initially, the government offered 2.52% stake, equivalent to 66.29 lakh shares, with an option to sell an additional 2.52% under the greenshoe option.
The non-retail portion of the OFS, which opened on July 7, was subscribed 3.52 times. Following the strong response, the government decided to exercise the entire greenshoe option, increasing the total stake on offer to 5.04%.
At the end of the March 2026 quarter, the Centre held a 67.91% stake in Cochin Shipyard, while retail investors and high-net-worth individuals (HNIs) held 19.66% and 0.73%, respectively.
Retail investors can submit bids through the OFS section available on their broker's trading platform.
The indicative bid price stood at ₹1,401.85 per share, while the floor price has been fixed at ₹1,400 per share. At the floor price, the sale of a 5.04% stake is expected to generate around ₹1,800 crore for the government.
Investors are required to place bids at or above the floor price and maintain sufficient funds in their trading accounts until the allotment process is completed. Shares will be credited to successful applicants on the settlement date, while blocked funds for unsuccessful bidders will be released.
As of July 8, 2026, at 11:47 AM, Cochin Shipyard share price was trading at ₹1,423.90 each on the NSE, down 1.51% for the day.
The stock opened at ₹1,419.00, touched an intraday high of ₹1,430.50, and a low of ₹1,401.50.
The Department of Public Enterprises (DPE) has reviewed Cochin Shipyard's eligibility for an upgrade to Navratna status. As reported by ET Now, the proposal is now under government evaluation and, if approved, would provide the company with greater financial and operational autonomy.
The review follows a meeting to assess whether Schedule A, Category-I Miniratna Central Public Sector Enterprise meets the prescribed financial parameters. The proposal will now be considered by an inter-ministerial committee.
The Cochin Shipyard OFS marks the seventh disinvestment transaction undertaken by the Centre in FY27.
Earlier in the financial year, the government reduced its stake through OFS in Central Bank of India, Coal India, NHPC, NLC India, GIC, and IRFC. For FY27, the Centre has budgeted to raise ₹80,000 crore through disinvestment and asset monetisation.
The Centre's OFS for Cochin Shipyard has entered the retail bidding phase after receiving strong demand from non-retail investors. The government may divest up to a 5.04% stake through the offer, while the company is also under review for a potential upgrade to Navratna status.
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Published on: Jul 8, 2026, 12:01 PM IST
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