Government of India (GOI) owned defense manufacturing Bharat Dynamics, is going to come out with its initial public offering (IPO) from 13 to 15 March 2018.
I am sure investors would be searching for all details about Bharat Dynamics IPO which will help them to decide wheter t invest or not in this IPO.
Bharat Dynamics Company Profile :
Incorporated in 1970, Bharat Dynamics is engaged in the manufacturing of surface-to-air missiles (SAMs), anti-tank guided missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment, and supplies them to the Indian armed forces.
Company’s headquarter is located in Hyderabad and it has three manufacturing facilities located in Hyderabad, Bhanur and Visakhapatnam. It is also setting up two more manufacturing facilities at Ibrahimpatnam, near Hyderabad and Amravati in Maharashtra, which will be used to manufacture SAMs and very short range air defence missiles, respectively.
The company is currently exporting lightweight torpedoes and wants to soon start exporting Akash SAM and countermeasure dispensing system.
The company could be the second defence company to be listed after Bharat Electronics.
Bharat Dynamics Promoters:
The Promoter of the company is the President of India acting through the Ministry of Defence. Promoter along with its nominees, currently holds 100% of the pre-Offer Equity Share capital of the Company.
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Bharat Dynamics IPO Detail :
Issue Open: Mar 13, 2018 – Mar 15, 2018
Issue Type: Book Built Issue IPO
Issue Size: 22,451,953 Equity Shares of Rs 10 aggregating up to Rs 960.94 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 413 – Rs 428 Per Equity Share
Market Lot: 35 Shares
Minimum Order Quantity: 35 Shares
Listing At: BSE, NSE
Important Dates of Bharat Dynamics IPO :
Bid/Offer Opens On: March 13, 2018
Bid/Offer Closes On: March 15, 2018
Finalisation of Basis of Allotment: On or about March 20, 2018
Initiation of refunds: On or about March 21, 2018
Credit of Equity Shares to demat accounts: On or about March 22, 2018
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about March 23, 2018
IPO Issue Allocation :
- Qualified institutional buyers (QIBs) – 50% of the offer.
- Non-institutional bidders – 15% of the offer.
- Retail individual bidders – 35% of the offer.
Bharat Dynamics IPO Subscription Details :
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Download Red Herring Prospectus of Bharat Dynamics IPO :
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Grey Market Premium (GMP) of Bharat Dynamics :
Currently the Grey Market Premium of Bharat Dynamics is around 30 – 40 Rs. per share.
Company Contact Information :
Bharat Dynamics Limited
Plot no.38-39, TSFC Building, Near ICICI Towers
Financial District, Gachibowli
Hyderabad – 500 032
Phone: +91 40 2434 4979
Fax: +91 40 2434 0660
Bharat Dynamics IPO Registrar :
Alankit Assignments Limited
205-208, Anarkali Complex,
New Delhi – 110 055
Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Bharat Dynamics IPO Lead Manager(s) :
1. IDBI Capital Market Services Limited
2. SBI Capital Markets Limited
3. Yes Securities (India) Limited
Bharat Dynamics IPO Allotment Status :
You would be able to check the allotment status i.e., whether you have got the shares of Bharat Dynamics or not by vising the website of Registrar of the Issue which in this case is Alankit.
Check Bharat Dynamics IPO Allotment Status @ Check Bharat Dynamics IPO Allotment Online