Bharat Dynamics Ltd IPO

Add to Calendar 2018-03-13 12:00 AM 2018-03-15 12:00 AM Asia/Kolkata Bharat Dynamics Ltd IPO Bharat Dynamics Ltd India

Bharat dynamics ltd is a defence sector based Government backed company operating from Hyderabad. Bharat dynamics has manufacturing facility in hyderabad, bhanur & visakhapatnam. Bharat dynamics has around 3200 employees which includes 860+ engineers.

Date of establishment: Bharat dynamics was formed in 1970

Product & Service Offering: The company manufactures missiles, underwater weapons, launchers, countermeasures and test equipment. Bharat dynamics manufactures surface to air missiles, torpedoes, anti tank guided missiles. Along with that, company is involved in refurbishing and life extension of missile    

Promoters of Bharat Dynamics ltd.: President of India is the promoter of the company acting through the ministry of defence.  

Customer segment:  Currently Indian defence sector is the clients of bharat dynamics ltd. In near future, company intends to sell its products to other countries.

Objects of the Issue:

The object of the issue is to:

-     Carry out the disinvestment of equity shares by POI.

-     Leverage the benefits of getting listed on exchanges.

Company Financials:

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

 

Total Assets

86,007.92

96,406.32

84,119.70

 

Total Revenue

51,980.73

46,013.75

32,532.28

 

Profit After Tax

4,903.19

5,620.69

4,435.48

 

Issue Detail

  • Issue Open: Mar 13, 2018
  • Issue Close: Mar 15, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 413 - Rs 428 Per Equity Share
  • Bid Lot:35 Shares
  • Minimum Order Quantity:35 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 960.94 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 10,996,874 3,299,063 7,697,813 458,203 - 22,451,953
Day 1 - Mar 13, 2018IST 0.5000 0.0200 0.2100 0.0800 - 0.3200
Day 2 - Mar 14, 2018IST 0.5000 0.0800 0.5700 0.1900 - 0.4600
Day 3 - Mar 15, 2018IST 1.5000 0.5000 1.3700 0.4000 1.2900
Day 4 - Mar 15, 2018IST 1.5000 0.5000 1.3700 0.4000 1.2900

Listing Day Trading Information

- BSE NSE
Issue Price Rs 428.00 Rs 428.00
Open Rs 360.00 Rs 370.00
Low Rs 360.00 Rs 362.00
High Rs 402.80 Rs 402.70
Last Trade Rs 390.70 Rs 389.80
Volume 602,710 3,939,659

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