Issue details:
Issue opens / closes on
|
01-08 / 03-08-2017
|
Issue Size
|
Public issue of 3,39,84000 equity shares including OFS 2.26 cr equity shares
|
Face Value
|
Rs 10
|
Price band
|
Rs 424 -432
|
BUSINESS
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Shipbuilding / offshore construction
|
Promoter
|
Govt of India
|
LISTINGS
|
Bse, Nse
|
BRLMs
|
Sbi Capital markets, Edelweiss Financial services, J M Financial Institutional Securities
|
REGISTRAR
|
Link Intime
|
Risk factors :
- Business cyclical in nature, depends on global economy.
- Entire business operations are based out of a single shipyard at Kochi.
- The firm's businesses are dependent on the information technology infrastructure and for this they rely on third-party licences for the business.
- Subject to extensive government regulation.
- Risks involved in setting up of Dry Dock / International shipbuilding facility and operationalizing it.
Strengths:
One of India’s leading public-sector shipyards catering to both commercial clients as well as clients engaged in the defence sector with a multitude of offerings for a broad range of vessels across life cycles.
Modern facilities and infrastructure and integrated capabilities to deliver quality products and services.
Order book with a strong customer base of reputable ship owners and marquee clients.
Valuation and recommendations.
CSY is likely to report an EPS of Rs 30 in FY 18. The offer is made around 15 PE on its FY 18 earnings.The NAV as on last fiscal stands at Rs 179. The IPO is reasonably priced. Invest.