Government OFS: 2.52% stake sale in Cochin Shipyard at floor price of Rs 1,400
COCHINSHIP · price
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On the reaction day the stock moved 4.7 pts less than Nifty Midcap 150 and 4.0 pts less than its Industrial Manufacturing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Government of India, acting through the Ministry of Ports, Shipping and Waterways, plans to sell up to 66.29 lakh shares (2.52% of equity) of Cochin Shipyard via OFS on BSE and NSE, with a floor price of Rs 1,400. An oversubscription option of another 2.52% takes total possible dilution to 5.04%. T-day for non-retail is July 7, 2026; retail and employee bidding is on July 8, 2026. No retail or employee discount is offered.
Government divestment adds near-term supply; stock may see pressure around OFS window but public float increases over time.