Public sector unit Bharat Dynamics Ltd (BDL) is coming with an initial public offering (IPO) in coming days. As per the sources the company has filed for the red herring prospectus for its IPO. The draft prospectus was filed with the market regulator Securities & Exchange Board of India in January. The IPO is expected to open from 13th March 2018 to 15th March 2018. As we all know that Bharat Dynamics Ltd is a Government of India company. The Government of India is planning for a stake sale. According to the latest information the Government is going to sale 2.2 crores shares, representing a stake dilution of about 13%.
The Bharat Dynamics share sale or the IPO is a pure offer for sale (OFS). This means the company will not receive anything from the share sale. The money will be going to the Government. The share sale is part of government’s divestment plan. In the next few years, the department of investment and public asset management (DIPAM) will sell government stakes in several central public sector companies. In the coming days, various companies are planning IPOs worth Rs. 25,000 crore.
The Government has fixed the Bharat Dynamics IPO price at Rs. 413 – Rs. 428 Per Equity Share with the face value of Rs. 10 Per Equity Share. Interested investors will get all info regarding the BDL IPO such as BDL IPO Allotment, BDL IPO Grey Market, BDL GMP, Premium, Date, Price, Financials, Review, Poll, Listing Date and more at the given section of our website. We have furnished all the relevant details about the Bharat Dynamics Ltd IPO at the given area of our website.
Update: The allotment of the BDL IPO will be announced on 21st March 2018. Please watch this page for more information.
- 1 Bharat Dynamics IPO / BDL IPO
- 2 Bharat Dynamics IPO, Allotment, BDL Grey Market, GMP, Date, Price, Subscription, Listing Date
Bharat Dynamics IPO / BDL IPO
About the company: Bharat Dynamics Ltd (BDL) is a Public sector company. The company was incorporated in 1970. The company is based in Hyderabad. The company manufactures various defense weapons such as surface-to-air missiles (SAMs), anti-tank guided missiles (ATGMs), launchers, underwater weapons, test equipment, and countermeasures. Currently, it is the sole manufacturer for SAMs, torpedoes, and ATGMs in India. It is also the sole supplier of SAMs and ATGMs to the Indian Army.
The company has three manufacturing units in Hyderabad, Visakhapatnam, and Bhanur. The company is also setting up two other manufacturing facilities at Ibrahimpatnam and Amravati.
Company Promoters: The President Of India, Acting Through The Ministry Of Defence, Government Of India
Objects of the Issue
Bharat Dynamics IPO Grey Market Price, Rates, BDL GMP Premium
|20 March 2018||Rs. 3|
Bharat Dynamics IPO, Allotment, BDL Grey Market, GMP, Date, Price, Subscription, Listing Date
|Name||Bharat Dynamics Ltd|
|Open Date||13 March 2018|
|Close Date||15 March 2018|
|Allotment Date||21 March 2018|
|Refund Date||22 March 2018|
|Listing Date||23 March 2018|
|Issue Price||Rs. 413 – Rs. 428 Per Equity Share|
|Lot Size||35 Shares|
|Minimum Order Quantity||35 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||22,451,953 Equity Shares of Rs. 10 aggregating up to Rs. 960.94 Crores|
|Lead Manager||SBI Capital Markets Limited, IDBI Capital Markets & Securities Limited, Yes Securities (India) Limited|
|Registrar||Alankit Assignments Limited|
|Listing at||NSE / BSE|
Bharat Dynamics IPO Price
The price band for the IPO of Bharat Dynamics is fixed at Rs. 413 – 428 per share. The lot size of the IPO is 35 shares. The company has also provided a discount to the retail investors and employees.
Bharat Dynamics IPO Discount
The management of the company has issued the notification saying it will provide a discount of Rs 10/- Per Equity Share for Retail and Eligible Employees Category. The discounted price band will be Rs. 403 – 418 per share for the Retail and Eligible Employees Category.
Bharat Dynamics IPO Subscription Details
|Category||SHARES OFFERED||13 March 2018||14 March 2018||15 March 2018|
|Date||Total Revenue||Total Expenses||Profit after Tax|
|H1 FY 2018||Rs. 2,190.3||Rs. 1,902.2||Rs. 172.6|
|FY 2017||Rs. 5,198.1||Rs. 4,465.9||Rs. 490.3|
|FY 2016||Rs. 4,601.4||Rs. 3,760.1||Rs. 562.1|
|FY 2015||Rs. 3,253.2||Rs. 2,609.3||Rs. 443.5|
|FY 2014||Rs. 2,305.7||Rs. 1,763.4||Rs. 360.1|
|FY 2013||Rs. 1,635.7||Rs. 1,226.5||Rs. 278.8|
|**(All Figures in Rs. Crores)|
- Earnings Per Share (EPS): Rs. 43.13
- Price/Earnings (P/E) ratio: Rs. 9.57 – 9.92
- Return on Net Worth (RONW): 22.16%
- Net Asset Value (NAV): Rs. 181.07 per share
The lead managers for the Bharat Dynamics IPO are SBI Capital Markets Limited, IDBI Capital Markets & Securities Limited, Yes Securities (India) Limited.
Alankit Assignment Limited will be the registrar.
Bharat Dynamics IPO Allotment
Alankit Assignment Ltd is going to announce the allotment of Bharat Dynamics IPO on 21 March 2018. Investors should check the link of the allotment here on this page.
IPO Listing Date
The listing was done on 23rd March 2018. The details are given below.
Listing Day Figures (23rd March 2018)
|BSE (541143)||NSE (BDL)|
|IPO Price||Rs. 428||Rs. 428|
|Open||Rs. 360||Rs. 370|
|High||Rs. 402.80||Rs. 402.70|
|Low||Rs. 360||Rs. 362|
|Close||Rs. 390.70||Rs. 389.80|
Bharat Dynamics Ltd Address
IPO DRHP / Prospectus
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