Cochin Shipyard Limited: Government of India undertakes offer for sale of 66.29 lakh equity shares via stock exchange mechanism

IPO / ECM 6 Jul 2026 · Announced· ✓ Verified

The President of India, represented by the Ministry of Ports, Shipping and Waterways, announced an offer for sale of 66,29,636 equity shares (face value ₹5 per share) in Cochin Shipyard Limited. The OFS was conducted via NSE's stock exchange mechanism with a two-stage process: non-retail investor bidding opened 7 July 2026 at 9:15 a.m. and closed at 3:30 p.m. the same day; retail investor bidding opened 8 July 2026 at 9:15 a.m. The offer represents a significant portion of Cochin Shipyard's outstanding equity and is part of the Government's divestment strategy for central PSUs.

Why it mattersGovernment divestments through OFS mechanism on stock exchanges are governed by SEBI's Offer for Sale (OFS) regulations; this precedent demonstrates the standard two-tranche (non-retail/retail) timeline and exchange-based execution for large-scale PSU equity reductions, with implications for DIPAM approval and Treasury/Budget compliance in future divestments.
CounselMinistry of Ports, Shipping and Waterways, Government of India
SectorIndustrials
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