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Bharat Dynamics Ltd IPO

Bharat Dynamics Ltd

Issue Open

Mar 13, 2018

Price Band

₹ 413 - ₹ 428

Issue Size

₹ 960.94 Cr

Credit of Shares to Demat

-

Issue Close

Mar 15, 2018

Bid Lot

35

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

35

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Mar 23, 2018

Refunds

-

About the company:

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

 

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