Cochin Shipyard OFS opens today for retail investors. Should you participate in this defence stock offer?

The government's Offer for Sale (OFS) in Cochin Shipyard opened for retail investors on July 8, after the non-retail portion was subscribed 3.52 times. The government will exercise the full greenshoe option, selling up to 5.04% stake at a floor price of about Rs 1,400 per share, as part of its FY27 disinvestment plan. Analysts are divided, with some citing the attractive entry point while others flag weakening fundamentals, including Q4 FY26 profit slipping to Rs 276 crore from Rs 287 crore a year earlier.