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The Economic Times

Veer Sharma

Cochin Shipyard shares dip 2% as govt’s OFS opens for retail investors today

Cochin Shipyard OFS

Shares of state-owned Cochin Shipyard declined 2% to their day's high of Rs 1,418 on the BSE on Wednesday as the Centre's Offer for Sale (OFS) opens for retail investors, following strong demand in the non-retail portion on Tuesday.

The government is looking to divest up to a 5.04% stake in the state-run shipbuilder through the OFS. The sale involves more than 1.32 crore shares. As of the March 2026 quarter, the Centre held a 67.91% stake in Cochin Shipyard, while retail investors owned 19.66% and high-net-worth individuals held 0.73%.

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