Govt. of India to sell up to 5% stake in Cochin Shipyard

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.”