Bharat Dynamics Ltd IPO, BDL, Bharat Dynamics IPO Details

By | March 20, 2018
Bharat Dynamics Ltd IPO, Bharat Dynamics IPO Detail, BDL IPO, Bharat Dynamics IPO Allotment, Bharat Dynamics IPO Grey Market, GMP Premium, and Price.

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%.

Bharat Dynamics IPO

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.

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

Offer for Sale
The Bharat Dynamics Ltd IPO is the pure Offer for Sale. Bharat Dynamics will not receive any proceeds from the Offer.
  • To carry out the disinvestment by Government of India.
  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges

Bharat Dynamics IPO Grey Market Price, Rates, BDL GMP Premium

DateGMPKostak RateSauda
20 March 2018Rs. 3

Bharat Dynamics IPO, Allotment, BDL Grey Market, GMP, Date, Price, Subscription, Listing Date

NameBharat Dynamics Ltd
Open Date13 March 2018
Close Date15 March 2018
Allotment Date21 March 2018
Refund Date22 March 2018
Listing Date23 March 2018
Issue PriceRs. 413 – Rs. 428 Per Equity Share
Lot Size35 Shares
Minimum Order Quantity35 Shares
Issue TypeBook Built Issue IPO
Issue Size22,451,953 Equity Shares of Rs. 10 aggregating up to Rs. 960.94 Crores
Lead ManagerSBI Capital Markets Limited, IDBI Capital Markets & Securities Limited, Yes Securities (India) Limited
RegistrarAlankit Assignments Limited
Listing atNSE / BSE
Broker Recommendations:

  1. Kotak Securities: Subscribe
  2. Motilal Oswal: Positive
  3. Prabhudas Lilladher Pvt. Ltd: Long-term view / Not for listing gain.
  4. HEM Securities: Subscribe
  5. Angel Broking: Subscribe
  6. SSJ Finance: Subscribe
  7. ICICI Direct: Subscribe for long-term

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

CategorySHARES OFFERED13 March 201814 March 201815 March 2018
RII76978130.210.571.41
NII32990630.020.080.50
QIB109968740.500.501.50
Employees4582030.080.190.42
Total224519530.320.461.30

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
H1 FY 2018
Rs. 2,190.3Rs. 1,902.2Rs. 172.6
FY 2017Rs. 5,198.1Rs. 4,465.9Rs. 490.3
FY 2016Rs. 4,601.4Rs. 3,760.1Rs. 562.1
FY 2015Rs. 3,253.2Rs. 2,609.3Rs. 443.5
FY 2014Rs. 2,305.7Rs. 1,763.4Rs. 360.1
FY 2013Rs. 1,635.7Rs. 1,226.5Rs. 278.8
**(All Figures in Rs. Crores)
Valuations

  • 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

Lead Managers

The lead managers for the Bharat Dynamics IPO are SBI Capital Markets Limited, IDBI Capital Markets & Securities Limited, Yes Securities (India) Limited.

Registrar

Alankit Assignment Limited will be the registrar.

Alankit Assignment Limited

  • Telephone: +91 11 4254 1234
  • Fax: +91 11 4254 1967
  • Email: [email protected]
  • Website: http://www.alankit.com

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 PriceRs. 428Rs. 428
OpenRs. 360Rs. 370
HighRs. 402.80Rs. 402.70
LowRs. 360Rs. 362
CloseRs. 390.70Rs. 389.80

Bharat Dynamics Ltd Address

Registered Office: Kanchanbagh, Hyderabad – 500 058, Telangana, India

Corporate Office: Plot no.38-39, TSFC Building, Near ICICI Towers, Financial District, Gachibowli, Hyderabad-500032

Telephone: +91 40 2434 4979
Fax: +91 40 2434 0660
E-mail: [email protected]
Website: www.bdl-india.com

IPO DRHP / Prospectus

Download Now – Click Here.

Leave a Reply

Your email address will not be published. Required fields are marked *