Garden Reach Shipbuilders & Engineers Limited IPO

Add to Calendar 2018-09-24 12:00 AM 2018-10-01 12:00 AM Asia/Kolkata Garden Reach Shipbuilders & Engineers Limited IPO Garden Reach Shipbuilders & Engineers Limited India

Garden Reach Shipbuilders & Engineers Limited has contributed to the indigenous warship manufacturing program in our country. It is the primarily attached to the shipbuilding requirements for the Indian Navy and the Indian Coastal Guards. Besides this, it is also engaged in the engineering and engine fabricating activities. The shipbuilding activities are carried on by its three units which are located in Kolkata where process including construction, repair and fittings are carried by individual units. It is the first Indian shipyard to unite carbon composite superstructure with steel hull for ASW Corvette construction considering Indian Navy.

Date of Establishment: The company was initially incorporated as ‘Garden Reach Workshops Limited’ on 26th of February, 1934 in Calcutta. Eventually, the company was reformed as public limited company titled as ‘Garden Reach Shipbuilders & Engineers Limited’ on 17th November 2017.

Promoters of Garden Reach Shipbuilders & Engineers Limited: The President of India acting through the Ministry Of Defence, Government of India is the promoter of Garden Reach Shipbuilders & Engineers Limited.

Products and Services Offering: The company has a varied products segments that can be classified among:

  • - Shipbuilding:  Frigate, ASW Corvette, Missile Corvette and Survey Vessel. 

    - Engineering: Portable Bridges, Deck Machinery Items and Marine Pumps.

  • - Engine Production: MTU 396-04, MTU 4000, MTU 1163 and MTU 538

    Customer Segments: The customer segments mainly include Domestic client list consisting of Indian Navy, Indian Coast Guard among others while its International client lists include the Governments of several countries consisting of  Singapore, Iran, Gulf, Sri Lanka and Mozambique among other top countries.

Objectives of Garden Reach Shipbuilders & Engineers Limited IPO: The objects of this offer mainly consist of Offer For Sale (OFS) of 20,046,600 Equity Shares by Selling Shareholder.

To receive the benefits of the listing of Equity Shares on the Stock Exchanges.

Note:  The proceeds from the Offer shall go to Selling Stakeholders and Company will not receive any amount from the same.

Company Financials

Summary of Financial Information (Restated)

Particulars

For the year ended (in Rs. Millions)


3 -Sep-17

3 -Mar-17

3 -Mar-16

3 -Mar-15

Total Assets

4 ,999.32

4 ,650.04

4 ,514.94

4 ,009.76

Total Revenue

5 ,583.93

1 ,579.57

1 ,467.47

1 ,391.63

Profit After Tax

1 0.69

1 2.32

1 620.47

517.28

Issue Detail

  • Issue Open: Sep 24, 2018
  • Issue Close: Oct 01, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 115 - Rs 118 Per Equity Share
  • Bid Lot:120 Shares
  • Minimum Order Quantity:120 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 236.55 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 14,319,000 4,295,700 10,023,300 572,760 - 29,210,760
Day 1 - Sep 24, 2018IST 0.00x 0.00x 0.04x 0.01x - 0.01x
Day 2 - Sep 25, 2018IST 0.00x 0.00x 0.09x 0.02x - 0.03x
Day 3 - Sep 26, 2018IST 1.22x 0.01x 0.22x 0.12x - 0.67x
Day 4 - Sep 27, 2018IST 1.22x 0.30x 0.22x 0.13x - 0.72x
Day 5 - Sep 28, 2018IST 1.81x 0.30x 0.23x 0.13x - 1.01x
Day 6 - Oct 01, 2018IST 1.81x 0.31x 0.24x 0.14x - 1.02x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 118.00 Rs 118.00
Open Rs 104.00 Rs 102.50
Low Rs 95.35 Rs 95.00
High Rs 109.50 Rs 109.00
Last Trade Rs 105.10 Rs 103.30
Volume 570,105 30,73,888

Garden Reach Shipbuilders & Engineers Limited Red Herring Prospectus

Garden Reach Shipbuilders & Engineers Limited User Rating

Votes
0

Garden Reach Shipbuilders & Engineers Limited Life IPO Reviews

Garden Reach Shipbuilders & Engineers Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us