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Bharat Dynamics IPO is a book built issue of Rs 960.94 crores.
Bharat Dynamics IPO bidding started from March 13, 2018 and ended on March 15, 2018. The shares got listed on BSE, NSE on March 23, 2018.
Bharat Dynamics IPO price band is set at ₹413 to ₹428 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,980.
Idbi Capital Market Services Limited, SBI Capital Markets Limited and Yes Securities (India) Limited are the book running lead managers of the Bharat Dynamics IPO, while Alankit Assignments Ltd is the registrar for the issue.
Refer to Bharat Dynamics IPO RHP for detailed information.
IPO Date | March 13, 2018 to March 15, 2018 |
Listing Date | March 23, 2018 |
Face Value | ₹10 per share |
Price Band | ₹413 to ₹428 per share |
Lot Size | 35 Shares |
Total Issue Size | 22,451,953 shares (aggregating up to ₹960.94 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 183,281,250 |
Share holding post issue | 183,281,250 |
Bharat Dynamics IPO offers 22,451,953 shares. 10,996,874 (48.98%) to QIB, 3,299,063 (14.69%) to NII, 7,697,813 (34.29%) to RII, 458,203 (2.04%) to employees. 219,937 RIIs will receive minimum 35 shares and (sNII) and (bNII) will receive minimum 490 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 10,996,874 (48.98%) | NA |
NII (HNI) Shares Offered | 3,299,063 (14.69%) | |
Retail Shares Offered | 7,697,813 (34.29%) | 219,937 |
Employee Shares Offered | 458,203 (2.04%) | NA |
Total Shares Offered | 22,451,953 (100%) |
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 35 | ₹14,980 |
Retail (Max) | 13 | 455 | ₹194,740 |
Lot Size Calculator |
Incorporated in 1970, Bharat Dynamics Ltd is Hyderabad based wholly-owned GoI company engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Bharat Dynamic have three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam.
Company is the sole manufacturer in India for SAMs, torpedoes and ATGMs. Company is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Additionally, company is engaged in the business of refurbishment and life extension of missiles manufactured. Company is intend to offer products such as Akash SAM, light weight torpedoes and countermeasure dispensing system to the international markets in near future.
Bharat Dynamics have over 3165 full-time employees, which includes 863 engineers.
Competitive Strengths
1. Modern facilities and infrastructure to deliver quality products in a timely manner.
2. Increase in indigenisation of our products and implementation of the 'Make in India' policy.
3. Strong order book and established financial track record of delivering growth.
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 |
The objects of the Offer are:
1. to carry out the disinvestment of [?] Equity Shares by the Selling Shareholder;
2. to achieve the benefits of listing the Equity Shares on the Stock Exchanges.
[Dilip Davda] Although defense sector is in the transition mode with opening up of the sector for private players and FDI liberalization, considering status enjoyed by the company coupled with its track record and the order book position, investors may consider investment for long term. Read detail review...
The Bharat Dynamics IPO is subscribed 1.29 times on March 15, 2018 5:00:00 PM. The public issue subscribed 1.37 times in the retail category, 1.50 times in the QIB category, and 0.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 1.50 |
NII | 0.50 |
Retail | 1.37 |
Employee | 0.40 |
Total | 1.29 |
A discount of Rs 10 per equity share on offer price is offered to retail and employees.
Listing Date | March 23, 2018 |
BSE Script Code | 541143 |
NSE Symbol | BDL |
ISIN | INE171Z01018 |
Final Issue Price | ₹428 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹428.00 |
₹360.00 |
₹360.00 |
₹402.80 |
₹390.70 |
NSE |
---|
₹428.00 |
₹370.00 |
₹362.00 |
₹402.70 |
₹389.80 |
Bharat Dynamics Ltd
Kanchanbagh,
Hyderabad 500 058
Phone: +91 40 2434 4979
Email: investors@bdl-india.com
Website: http://www.bdl.india.com
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: bdl_ipo@alankit.com
Website: http://ipo.alankit.com/
Bharat Dynamics IPO is a main-board IPO of 22,451,953 equity shares of the face value of ₹10 aggregating up to ₹960.94 Crores. The issue is priced at ₹413 to ₹428 per share. The minimum order quantity is 35 Shares.
The IPO opens on March 13, 2018, and closes on March 15, 2018.
Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Bharat Dynamics IPO opens on March 13, 2018 and closes on March 15, 2018.
Bharat Dynamics IPO lot size is 35 Shares, and the minimum amount required is ₹14,980.
You can apply in Bharat Dynamics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bharat Dynamics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bharat Dynamics IPO allotment status.
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