Cochin Shipyard shares fall 4% as OFS worth Rs 1,856 crore opens today at 7% discount

The shares of Cochin Shipyard dropped 4% to Rs 1,444 on the BSE on Tuesday as the government is all set to sell up to 1.3 crore shares through an offer for sale (OFS) at a floor price of Rs 1,400 apiece, implying a discount of more than 7% from the stock’s previous closing price.

Cochin Shipyard on Monday announced that the government plans to sell up to 66.3 lakh shares or 2.52% stake in the company as part of the base offer, and another 66.3 lakh shares as part of an oversubscription offer. At the floor price of Rs 1,400 per share, the total of 1.3 crore shares or around 5.04% stake would be worth more than Rs 1,856 crore.

The offer for sale opens for non-retail investors today, while retail investors and eligible employees will be able to participate tomorrow through a separate window on stock exchanges. A minimum of 25% of the offer is reserved for mutual funds and insurance companies, while at least 10% is reserved for retail investors.

The floor price of Rs 1,400 per share is the minimum price at which investors can bid. The final allotment will depend on demand, bids received and the clearing price under the OFS process. The process marks another step in the government’s disinvestment programme for FY27, after its recent stake sales in PSUs like Coal India, NHPC, NLC India and more.

Also Read | Govt to sell up to 5.04% stake in Cochin Shipyard through OFS. Check details

Cochin Shipyard shareholding pattern

The government owned a nearly 68% stake in Cochin Shipyard as on March 31, 2026, according to data on the company’s shareholding pattern on the NSE. Around 9.62 lakh retail shareholders meanwhile held around 20% stake in the company.

Life Insurance Corporation of India (LIC) owned over 3% stake, while 24 mutual funds owned a little over 2% stake in the company. Foreign investors meanwhile held around 3% of the company’s total equity stake.

Cochin Shipyard share price

Cochin Shipyard is one of India’s leading public sector shipbuilding and ship repair companies. The shares of the company have delivered a whopping 420% return over three years and 680% return over five years.

Recently, the stock has seen some decline. The shares of the PSU have fallen more than 26% in one year and over 7% in 2026 so far. They have however gained around 5% in one month. The company has a market capitalisation of nearly Rs 39,686 crore.Also Read | Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27

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