Overview
- The two‑day offer for sale opened to non‑retail investors on July 7 and to retail bidders on July 8 with a floor price set at ₹1,400 per share.
- Institutional bids on the first day exceeded ₹2,900 crore and the OFS was oversubscribed 3.52 times, prompting the government to exercise the full 2.52% green‑shoe and take the total on offer to 5.04%.
- If the entire 5.04% is sold at the floor, the transaction will raise about ₹1,800 crore and cut the Centre’s stake from 67.91% to 62.87% while leaving the government as the majority owner.
- Cochin Shipyard’s Q4 FY26 results show lower revenue but higher EBITDA and margins, and the stock fell roughly 3–5% in trading after the OFS opened despite heavy institutional demand.
- The sale is one of several FY27 disinvestment moves that together are intended to help meet the government’s ₹80,000 crore target for disinvestment and asset monetisation this year.