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Bharat Dynamics Ltd IPO (Bharat Dynamics IPO) Detail

March 13, 2018 - March 15, 2018

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.

Bharat Dynamics IPO Details

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 Size22,451,953 shares
(aggregating up to ₹960.94 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue183,281,250
Share holding post issue183,281,250

Bharat Dynamics IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered10,996,874 (48.98%)NA
NII (HNI) Shares Offered3,299,063 (14.69%)
Retail Shares Offered7,697,813 (34.29%)219,937
Employee Shares Offered458,203 (2.04%)NA
Total Shares Offered22,451,953 (100%)

Bharat Dynamics IPO Lot Size

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

About Bharat Dynamics Ltd

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.

Company Financials

Summary of financial Information (Restated Standalone)
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

Objects of the Issue (Bharat Dynamics IPO Objectives)

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.

Bharat Dynamics IPO Review (May apply)

[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...


Bharat Dynamics IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB1.50
NII0.50
Retail1.37
Employee0.40
Total1.29

Retail & Employee Discount

A discount of Rs 10 per equity share on offer price is offered to retail and employees.

Bharat Dynamics IPO Prospectus

Bharat Dynamics IPO Rating

595
3.9
Rating:Rated 3.9 stars
Vote Here ...

Bharat Dynamics IPO Listing Details

Listing Date March 23, 2018
BSE Script Code 541143
NSE Symbol BDL
ISIN INE171Z01018
Final Issue Price ₹428 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

Bharat Dynamics Ltd Contact Details

Bharat Dynamics Ltd

Kanchanbagh,
Hyderabad 500 058
Phone: +91 40 2434 4979
Email: investors@bdl-india.com
Website: http://www.bdl.india.com

Bharat Dynamics IPO Registrar

Alankit Assignments Ltd

Phone: (011) 4254 1234
Email: bdl_ipo@alankit.com
Website: http://ipo.alankit.com/

Bharat Dynamics IPO - Buy or Not

Bharat Dynamics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 8 0 1
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Bharat Dynamics IPO FAQs

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.

The Bharat Dynamics IPO listing date is on March 23, 2018.
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Bharat Dynamics IPO Message Board

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539 Comments

292. MOHSIN diwan |   Link |  Bookmark |April 4, 2018 1:49:06 PM
bharat dynamics ltd ....HOLD KE SELL ?
292.1. DownriteVJ |   Link |  Bookmark |April 26, 2018 1:18:06 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
hold
291. Super Trader |   Link |  Bookmark |March 23, 2018 11:05:36 AM (200+ Posts, 100+ Likes)
Thank god this time only one lot. Sold at Rs.397. contributed nation building.
no intention to contribute further :)
291.5. Harshajeet Patil |   Link |  Bookmark |March 23, 2018 1:34:09 PM
Hilarious..waiting for HAL and MDNL..:-)..!
291.6. DownriteVJ |   Link |  Bookmark |March 27, 2018 4:50:23 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Kal dekhenge HAL ka kamaall.. :P :P :P
290. govind sharma |   Link |  Bookmark |March 23, 2018 3:49:36 PM
BDL i need to Hold or sell please suggest.

i am in big loss.

i have applied for 2 lots and all 2 allotted.
290.4. Aniketiaf |   Link |  Bookmark |March 26, 2018 11:06:15 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
BDL cmp 412
290.5. blogece |   Link |  Bookmark |March 27, 2018 4:29:32 PM
depends if you brought for listing gains only and you made some amount in other ipo's you can sell because tomorrow last day of FY.these loss can outset in any gains in this FY
289. blogece |   Link |  Bookmark |March 21, 2018 1:42:53 PM
Recieved message from ALNKIT and BSE Nil allocation message
289.1. blogece |   Link |  Bookmark |March 27, 2018 4:26:44 PM
felt somewhat saved after seeing listing details
288. vinayak J |   Link |  Bookmark |March 26, 2018 11:40:36 AM
bharat dyanamics will check 430
287. KINGSHUK |   Link |  Bookmark |March 23, 2018 6:04:43 PM
So Mitron......how was the day...??? Hope most of us have generously contributed towards nation-building today. Hope also this trend will continue in coming week.
287.1. Mogambo |   Link |  Bookmark |March 23, 2018 6:17:13 PM (1300+ Posts, 3200+ Likes)
Nation Building Contribution Part 2 will be seen in HAL and yes it is still going on in MishraJi's Dhathu Nigam subscribtion:)☺
286. Mogambo |   Link |  Bookmark |March 23, 2018 12:56:09 PM (1300+ Posts, 3200+ Likes)
sensex 500 down
nifty 157 down trading at 9957.If nifty closes below 9999 , high chances of bandhan bank to list in discount at 365-370.Avoid all IPOs
286.1. AhireR |   Link |  Bookmark |March 23, 2018 3:07:32 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
Don't see dreams in day time..????
286.2. Mogambo |   Link |  Bookmark |March 23, 2018 5:51:32 PM (1300+ Posts, 3200+ Likes)
@AhireR
Nifty closed below 9999. ha...ha.
its not dream.its realty.haha...????
285. gouravBedarkar |   Link |  Bookmark |March 23, 2018 4:36:13 PM
Hi,

This was my first IPO buying and I got worst experience.
NO doubt everyone was waiting for IOP to come in starting for March, Because no good IPO were came from Feb to March mid and suddenly this list of IPO came on very bad time where market is already dying .

I will hold this for a Week or more , Let see we will recover from our loses or at least reach to capital .
284. Solution of Queries |   Link |  Bookmark |March 23, 2018 1:21:54 PM (1100+ Posts, 1400+ Likes)
It could be list at very minor discounted price but market downgrade changed the sentiments......will surely effect to upcoming listings also !!

Long term investors dont need to be panic.
284.1. AhireR |   Link |  Bookmark |March 23, 2018 3:06:41 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
Strong demand ipos won't be affected..but bdl had alrdy very less demand and today freefall of market contributed to it's weaknes..
283. Solution of Queries |   Link |  Bookmark |March 23, 2018 2:27:19 PM (1100+ Posts, 1400+ Likes)
Don't worry about markets, do monthly sip, of 5k, on when mkt is low of the month (prediction is difficult, but approximately) can add

For 15-20 years , u will get a great reward in manyfolds !!
282. Solution of Queries |   Link |  Bookmark |March 23, 2018 2:18:49 PM (1100+ Posts, 1400+ Likes)
Nifty journey :-

11200 chota resistance, then 11800 to 12000 NIFTY boom boom...

10800, acha support... nothing to worry...

10500-10300 major volatility zone.,.,

10100 strong support,., china wall .. nothing to worry...

10000 just broke, 9950.,., ok

If breaks 9900, then 9700 pe support lega.,.,

It may reach,.,., 9700 to 9500,., at last 9000.,., thats max low.,., ????????????

Stay relax , stay invest with good stocks !!
Markets have own destiny....!!
281. KINGSHUK |   Link |  Bookmark |March 23, 2018 12:52:16 PM
A bitter, but valuable lesson learnt today. In IPO, one can make profit by investing only in companies where one have a deep conviction - "yes it can sail thru all turbulence". IPOs are purely for long term and patient investment and not for short term results.
Secondly, invest only in companies with solid quality and paydegree of management and about which you are absolutely sure that it will perform. Do not invest where you have an iota of doubt. In strong bull market, even doubtable companies perform and give you appreciation. The real test lies in weak market. Like today's. And this is valid for PSUs as well.
Not all PSU's are bad IPOs. Look even today. While there is a bloodbath and mayhem going on, Cochin Shipyard is solid and stable - it has slipped below 500 after a long time, but is not showing any tendency of slipping further towards its IPO price. This is a resilient stock. The company itself is resilient.
Whether BDL in medium to long term can perform like CSY or not is doubtful. Wherever there is an iota of doubt, do not invest. Keep aside the fund for some other better companies or better avenues of investment about which you have conviction.
Also never sink that money in IPO which you may require in short term.
Overconfidence kills in stock market - especially IPO market. 1 or 2 bulls-eye decision makes one sure and sacrosanct that every bet one makes is bound to be correct. Market teaches lesson everyday. We should be humble enough to accept the same and move ahead.
Sometimes brokerages say "subscribe only for long term". This is a very polite way of saying something else. The hint is already dropped. We must learn to read between their lines and words.
Lastly, being a PSU-inside myself, I agree with many of boarders the here, who have expressed their open-feelings about their past PSU IPO investments.
Despite all the above limitations, I can still emphasize, Primary Market or IPOs i.e. a carefully chosen basket of selected good quality companies IPOs, where one have deep conviction to hold thru very long and very rough weather, and where one does not need the money in medium to long term, is a much better way of making money than investing in secondary market. We should only learn the rules of the game of IPOs and be humble to accept mistakes.
280. N Rohansekhar |   Link |  Bookmark |March 23, 2018 12:33:49 PM
Hold or sell please guide me. I am new here
279. harit |   Link |  Bookmark |March 23, 2018 10:58:54 AM
Please don't sell it
Please don't don't buy
Stay calm
Defense sector has nothing to do with this fall
279.4. Cool Sunshine |   Link |  Bookmark |March 23, 2018 12:13:34 PM
As soon as promoters decided about the divestment, they had started milking the crown jewel to a good extent before any stake is sold slightly to public. Even with their all attempts to continue milking before IPO....dividend % has already started trending down.

Year Rate of dividend (%)
2017 128.87
2016 172.86
2015 72.79
2014 60.09
2013 50.16

Also IMO pre-ipo % must have been calculated on the face value i.e. 10. But now share issued at 428 that means dividend yield will come down be a factor of 42.8 which is not very significant unless BDL increases its bottom line SIGNIFICANTLY. Let us all hope for the best.
279.5. harit |   Link |  Bookmark |March 23, 2018 12:22:44 PM
@cool sunshine
Thanks for bringing this to my knowledge
Always appreciated your efforts
Keep it up
????
278. AKBBAJ |   Link |  Bookmark |March 19, 2018 2:29:25 PM
abhi tk ASTER DM ke nuksan se ubhar nahi paya aur aub bharat dynamics :(
278.1. FRANKLY SPEAKING |   Link |  Bookmark |March 19, 2018 9:58:56 PM
It will list in profit.
278.2. Small Investor |   Link |  Bookmark |March 23, 2018 12:05:25 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
Ghanntta Profit ho gya #206.1
277. Hemalkumar |   Link |  Bookmark |March 23, 2018 10:55:50 AM
congrats all who wait for 10-15% profit
277.1. Mogambo |   Link |  Bookmark |March 23, 2018 12:00:49 PM (1300+ Posts, 3200+ Likes)
Thank you on behalf of
Govt.
President of India
276. yazoo |   Link |  Bookmark |March 23, 2018 11:16:05 AM
Now the question is what will happen with ipo pipeline or is it gayi bhens pani mein as most live ipos may see withdrawals .. Trade wars can get ugly !!

After NIA n GIC fiasco it was a no brainer to wait a month + to even touch a govt ipo.
What does the brave / foolish do ?
Avg ? i think better to buy good stocks like hdfc , avenue super , godrej ind than avg a govt stock for long term if history be my guide

276.1. Mogambo |   Link |  Bookmark |March 23, 2018 11:25:00 AM (1300+ Posts, 3200+ Likes)
brave / foolish are habitual to contribute blindly.
dont learn from GIC,NIA
275. guptahitz |   Link |  Bookmark |March 23, 2018 11:06:59 AM
आज ही के दिन, भगतसिंह, सुखदेव और राजगुरु शहीद हुए थे.
और आज ही के दिन BDL के छोटे छोटे निवेशक भी थोडा सा शहीद हो रहे है
274. Satoria |   Link |  Bookmark |March 23, 2018 11:02:57 AM
He he sab chuhe h... ek din market kya gira sab sell sell kar rahe h... ruko jara do chaar din so no one applying hdfc icici ipos now... sandhar me kya bolte h experts gmp gmp kaha gaya
273. Mogambo |   Link |  Bookmark |March 23, 2018 10:49:41 AM (1300+ Posts, 3200+ Likes)
Those who have applied , cancell all application of mishra dhatu nigam ltd. MDNL
Plz dont contribute in building of nation
273.1. Mogambo |   Link |  Bookmark |March 23, 2018 10:56:26 AM (1300+ Posts, 3200+ Likes)
HAL listing 1000