The government's Cochin Shipyard offer for sale drew robust institutional demand, with the non-retail portion subscribed 3.52 times, prompting the full green-shoe option. Retail bidding opens next, while the sale advances the government's disinvestment and public float expansion objectives.

The government plans to sell up to 5.04% of Cochin Shipyard shares. This offer for sale begins July 7 for institutional investors. Retail investors can bid on July 8, with a floor…

Govt will sell up to 5% stake in Cochin Shipyard at a floor price of Rs 1,400 per share through an offer for sale from Tuesday. "Govt announces offer for sale in Cochin Shipyard…

Cochin Shipyard shares drop 4% as government OFS opens at ₹1,400, triggering heavy selling pressure in early trade.