Cochin Shipyard Proposes IPO

KOCHI:
Cochin Shipyard Limited and the President of India, acting through Ministry of Shipping, Government
of India are proposing an initial public offering of equity shares of face value Rs. 10 each of the Company (the “Equity Shares”), comprising a primary (fresh) issue of up to 22,656,000 Equity Shares by the Company (the “Fresh Issue”) and an offer for sale for up to 11,328,000 Equity Shares held by the Selling Shareholder (the “Offer for Sale” and, together with the Fresh Issue, the “Issue” in accordance with the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and has filed a red herring prospectus dated July 21, 2017 (“RHP”) with the Registrar of Companies, Kerala at Ernakulam on July 21, 2017.
In this respect, the investors are required to apply through the ASBA process that is Application Supported by Blocked Amount as per SEBI ICDR regulations. In this process the investors need not make any payment for the application amount. The amount relating to the shares applied for will be marked as lien on the investors bank account and the same would be debited to the investors bank account at the time of allotment of shares. The investors can apply in any of the following methodology
(i) The Investors can approach their bank which should be a Self Certified Syndicate Bank (SCSB) under the ASBA facility directly and submit the physical filled in application forms. The banks would accept the form and mark the lien on his account and subsequently they will submit the bid either through their branch or their designated ASBA branch.
(ii) Investors can apply through internet banking using the online application form which is available as a link in internet banking portal of respective banks in which they have their account.
(iii) Investors can approach registered brokers and submit physical filled in application forms. The registered brokers would submit the bid through the bidding software available with them or their head office and also send the application forms to the respective banks of the investors which should be SCSBs.
(iv) Application forms can be downloaded from the BSE/ NSE website or physical forms can be collected from the offices of the registered brokers.
Cochin Shipyard Limited is proposing, subject to statutory and regulatory requirements, market
conditions and other considerations, an initial public offering of its equity shares and has filed a red herring
prospectus dated July 21, 2017 (“RHP”) with the Registrar of Companies, Kerala at Ernakulam on July 21, 2017.
The RHP will be available on the website of the SEBI at www.sebi.gov.in, BSE at www.bseindia.com, NSE
at www.nseindia.com and the websites of the Book Running Lead Managers at www.sbicaps.com,
www.edelweissfin.com and www.jmfl.com. Any potential investor should note that investment in Equity
Shares involves a high degree of risk. For details, potential investors should refer to the section titled “Risk
Factors” in the RHP. Investors should not refer to the draft red herring prospectus filed with SEBI for making any investment decision.
This announcement has been prepared for publication in India and may not be released in or distributed into
the United States. The Equity Shares have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable U.S. state
securities laws. Accordingly, the Equity Shares are being offered and sold (i) in the United States only to
persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) pursuant to Rule 144A or another available exemption from the registration requirements of the Securities Act, and (ii) outside the United States only in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdiction where those offers and sales occur.