Garden Reach Shipbuilders & Engineers Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
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
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
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)