NEW DELHI : The Indian Government will sell up to 5.04% stake in Cochin Shipyard (COCH.NS), via an offer for sale, according to an X post from the secretary of India’s Department of Investment and Public Asset Management. The OFS consists of a base offer of 2.52% equity stake in the state-run shipbuilder, with the option to sell an additional 2.52% in case shares are oversubscribed.
The Indian government holds a 67.92% stake in the company, as of March 31, according to exchange data.
The floor price for the OFS has been fixed at 1,400 rupees ($14.68) per share — a discount of over 7% to Cochin Shipyard‘s last closing price.
An OFS allows large shareholders of listed companies to sell shares to the public through stock exchanges without issuing new shares. The OFS will open for non-retail investors on July 7 and for retail investors on July 8.
The sale is aligned with the Indian government’s broader divestment and asset monetisation strategy. In the Union Budget 2026-27, the government set a target of 800 billion rupees from divestment and asset monetisation initiatives.
The floor price for the OFS has been fixed at Rs 1,400 per share. The offer will open for non-retail investors on July 7, while retail investors will be able to bid on July 8.
Announcing the stake sale in a post on X, DIPAM Secretary Arunish Chawla said, “Government announces Offer for Sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52% of its paid-up equity and an additional 2.52% as the green-shoe option in case of over subscription. Floor price has been fixed at Rs. 1400 per share. OFS opens for non-retail investors on 7th July 2026. Retail investors get to bid on 8th July 2026.”
