Cochin Shipyard OFS gets 3.5x bids; govt exercises greenshoe

Cochin Shipyard's Offer for Sale saw strong demand from non-retail investors. The issue was subscribed 3.52 times on the first day of bidding. This robust interest prompted the government to utilize the entire greenshoe option. The Offer for Sa...

By ET Bureau | Jul 08, 2026, 05.47 AM IST

The OFS will open for retail investors and employees on July 8. The floor price was fixed at ₹1,400 per share.

MUMBAI: The Offer for Sale (OFS) in Cochin Shipyard was subscribed 3.52 times by non-retail investors on Tuesday, the first day of the issue, with bids for 2.10 crore shares against 59.66 lakh shares on offer.

The strong demand prompted the government to exercise the entire greenshoe option. The OFS will open for retail investors and employees on July 8. The floor price was fixed at ₹1,400 per share.

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