Garden Reach Shipbuilders & Engineers Limited
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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.
Summary of Financial Information (Restated)
For the year ended (in Rs. Millions)
Profit After Tax