India has invited bids from merchant banks to handle the IPO of state-controlled Cochin Shipyard.
The department of divestment's website said the deadline for applications is 18 February.
The part-privatisation could be worth up to INR 7bn ($106m).
The cash will go towards a new shiprepair dock for VLCCs and other big vessels.
Cochin’s revenue has increased fivefold from INR 3.73bn in 2005/06 to INR 18.59bn
