Home / Business and Economy / Cochin Shipyard OFS Soars: Green Shoe Exercised!
Cochin Shipyard OFS Soars: Green Shoe Exercised!
7 Jul
Summary
- Cochin Shipyard's Offer for Sale saw 3.52 times subscription on Day 1.
- The government will fully exercise the green shoe option due to high demand.
- Retail investors and employees can bid for shares on July 8, 2026.
The government's Offer for Sale (OFS) in Cochin Shipyard Ltd has garnered substantial investor interest, with bids reaching 3.52 times the shares initially offered on its opening day. This overwhelming response has prompted the government to fully exercise the green shoe option, which allows for the sale of additional shares beyond the base offering.
Arunish Chawla, Secretary of DIPAM, confirmed the decision on X, highlighting the issue's success. The OFS opened for non-retail investors on Tuesday, July 7, 2026. Retail investors and employees are scheduled to participate on Wednesday, July 8, 2026. The government had initially planned to divest up to a 5 per cent stake at a floor price of ₹1,400 per share.
