Announced Tue, 7 Jul · 17:23 IST
Government exercises oversubscription option in Cochin Shipyard OFS
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COCHINSHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹1431.00
prior close
₹1419.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.1-0.2-0.6-1.5-0.9-1.3-2.7-1.3-2.0————
Up moveDown movePending
AI summary
The Government of India, through the Ministry of Ports, Shipping and Waterways (promoter of Cochin Shipyard Limited), has exercised the oversubscription option in its Offer for Sale on stock exchanges. Total offer size is now 1,32,59,272 equity shares (5.04% of paid-up capital), up from the base of 66,29,636 shares (2.52%). Trading happens on July 7 for non-retail investors and July 8 for retail and employees, with 10% reserved for retail and 0.20% for eligible employees.
Likely market impact
Higher share supply from promoter sale; could create short-term selling pressure on the stock.