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Bharat Dynamics Ltd IPO (Bharat Dynamics IPO) Detail

Mar 13, 2018 - Mar 15, 2018

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 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.

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:

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.

Issue 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

Retail & Employee Discount

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

Bharat Dynamics IPO Reviews / Recommendations:

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Bharat Dynamics IPO Subscription Status / Live Bidding Status

Bharat Dynamics IPO Subscription Status tells if Bharat Dynamics IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Bharat Dynamics IPO oversubscribed if bids are received for more shares than what is offered by the company.

Bharat Dynamics IPO - How Many Times Subscribed?
Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved10,996,8743,299,0637,697,813458,20322,451,953
Day 1 - Mar 13, 2018 17:00 IST0.50000.02000.21000.08000.3200
Day 2 - Mar 14, 2018 17:00 IST0.50000.08000.57000.19000.4600
Day 3 - Mar 15, 2018 17:00 IST1.50000.50001.37000.40001.2900

Bharat Dynamics IPO Prospectus

Bharat Dynamics IPO Rating

Rating:Rated 3.9 stars

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Bharat Dynamics IPO News Alerts

  1. Thursday, March 15, 2018 12:00:00 AM
    Bharat Dynamics IPO Closes on Mar 15, 2018
  2. Tuesday, March 13, 2018 12:00:00 AM
    Bharat Dynamics IPO Opens on Mar 13, 2018

Company Contact Information

Bharat Dynamics Ltd

Hyderabad – 500 058
Phone: +91 40 2434 4979
Fax: +91 40 2434 0660

Bharat Dynamics IPO Registrar

Alankit Assignments Ltd   »  Report
   Alankit House 2E/21,
   Jhandewalan Extension,
   New Delhi - 110055

Phone: (011) 4254 1234
Fax: (011) 4254 1967

Bharat Dynamics IPO Lead Manager(s)

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Bharat Dynamics IPO Review / Comments

210. M. K. Agarwal  Mar 19, 2018 10:56:05 PM IST I Like It. | Report Abuse Reply
Can anyone tell me listing date of Bharat Dynamics ipo as I didn''t find listing date on this page. Pls.
209. AKBBAJ  Mar 19, 2018 1:29:25 PM IST I Like It. | Report Abuse Reply
abhi tk ASTER DM ke nuksan se ubhar nahi paya aur aub bharat dynamics :(
209.1. FRANKLY SPEAKING  Mar 19, 2018 8:58:56 PM IST I Like It. 2 | Report Abuse
It will list in profit.
208. VinShah  Mar 19, 2018 5:41:17 PM IST I Like It. 1 | Report Abuse Reply
Namaste dosto, Lower price band decided final?
207. T.agarwal  Mar 19, 2018 11:38:17 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
*Bharat Dynamics IPO*
QIB 1.50X**
NII 0.50X
RII 1.41X
EMP 0.42X
**Excluding Anchor
Total No.of FORMS : 1,86,247
*Apps Wise : 0.85X*
206. guptahitz  Mar 16, 2018 4:02:16 PM IST I Like It. 10 | Report Abuse Reply
इसे कहते है गरीबी में आटा गीला.
लगता है पैसे फिर से फंस गए.
एक lot के लिए अप्लाई किया था, और अब तो शेर मिलने ही मिलने है
भाई- कुछ जादू वादू चलाओ और २००-४०० प्रीमियम पे लिस्ट करो
206.1. AMIT KS  Mar 19, 2018 11:33:07 AM IST I Like It. 2 | Report Abuse
205. Madhur Jain  Mar 19, 2018 10:52:04 AM IST I Like It. | Report Abuse Reply
Please Share expected listing price in this IPO
204. Jd patel  Mar 19, 2018 10:34:40 AM IST I Like It. | Report Abuse Reply
When is the allotment??
203. drimran  Mar 19, 2018 12:00:34 AM IST I Like It. | Report Abuse Reply
next bse share in the making
for people trapped in here
202. Jaggu  Mar 18, 2018 5:43:53 PM IST I Like It. | Report Abuse Reply
Listing kab hai?
201. Navkant  Mar 15, 2018 8:53:14 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Funds in BDL would be unblocked to give you a chance for iSec, MDNL and possibly Karda and Sandhar.
201.3. Navkant  Mar 17, 2018 11:47:16 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Yeah. May be those tiny 0.37X guys.
201.4. harit  Mar 18, 2018 12:07:27 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Out of 0.37 many applications are on lower price band
Which will be rejected
200. Anarchist  Mar 17, 2018 8:35:58 AM IST I Like It. 7 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
In September, 2017, the selling shareholder tenders their shares @ 150 Rs./ share in the buyback offering..... Which implies that in the eyes of the selling shareholder, the share was more than fully valued @ Rs.150 / share...

A bonus of 1:1 follows this deal...So effectively the share price as considered fair by the selling shareholder becomes Rs. 75 / share. ...and then they want people to buy at over 400 Rs? ..that''s a whopping 550 % price escalation in a matter of a month....I''m sure no algebraic logic known to the mankind can make that look fair or funny either ..
199. deepaktoagarwal  Mar 12, 2018 10:32:08 PM IST I Like It. 2 | Report Abuse Reply
In Sept 2017 the Company has done a buy back of shares @147-150/- approx, how then it can value it''s shares at this range for IPO???
199.7. sunilStockLearner  Mar 16, 2018 11:22:12 PM IST I Like It. | Report Abuse
@cool Sunshine Sir,

Yes, I am new into the chat that y only 1 or 2 messages. Also I have seen previous IPO messages also and that''s y I said Now a days people talks more about government rather than stocks or IPO. Its not pointing to any person. If it hurt then I am sorry.
I am also one of your follower. I am closing this part here.

Wish you continue see your valuable post.

199.8. Cool Sunshine  Mar 17, 2018 1:36:05 AM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 1200+ Likes)
I am cool. Chill.
198. Cool Sunshine  Mar 15, 2018 6:35:05 PM IST I Like It. 27 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 1200+ Likes)
Let me start this message with a disclaimer:

I believe that in last 15-20 years, I could learn only a very small percentage of Equity Investing as market and investors are changing everyday and they are more dynamic thatn me. I still try to keep up-to-date. I also occasionally fail in my investing.

Having said that I also believe that 99% of the online-offline analyst are overrated ( I will not say fake). Now a word of caution to everyone:

Be aware that all kind of agents become part of our IPO forums.

They will utilize all means to create artificial demand in IPOs which may include same person using multiple IDs for various comments, create new IDs to suppress opposing view and also create newer IDs to promote their own view.

A set of ID will justify some analysis of another ID and promise 40-50% listing gains with no time frame mentioned. When the IPO listing fails IDs will go to sleep and then re-surface when there is some movement in the scrip completely forgetting that their comment was for listing gain.

Let me repeat that they will utilize all the means, I really mean ALL (of ANY KIND). I can keep on going on and on and on but my only suggestion to all of you is

Do not blindly follow anyone or any ID (including me) irrespective how popular that ID is in online forum. Online popularity can also be fabricated, bought, arranged etc etc etc. There is a complete industry to propagate specific online opinions which serve the purpose of specific persons or groups.

Be safe and be prosperous.

Apology: for long message
198.3. Cool Sunshine  Mar 16, 2018 12:07:22 PM IST I Like It. 10 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 1200+ Likes)
I can only hope that retail investors do not blindly follow anyone or any specific ID.

Question is not that whether someone''s recommendation for IPO was right or wrong. Question is why anyone or any ID will promote other ID EXPLICITLY and keep on attempting the same EXPLICITLY over and over again unless there is a hidden motive. Think about it.

Now let us come to BDL.

I also believe that BDL has a long term potential. But I have only question.Since BDL has long term potential why anyone should not also consider the option of buying post listing instead of applying in BDL IPO. By buying post listing, at least the person will be reducing his/her own risk while still keeping the option of buying later, Please also think....what could possibly be the objective of IDs/members who keep on insisting and insisting and insisting that "BUY ONLY IN IPO" is the only option.

198.4. ipo.investor  Mar 16, 2018 2:04:18 PM IST I Like It. | Report Abuse
Agree, investors should do their own analysis rather than blindly following some one else
197. singh.  Mar 15, 2018 5:01:24 PM IST I Like It. 15 | Report Abuse Reply
Can we own Flipkart, Paytm etc? No, they will always be owned by foreigners.

For heavens sake price these PSUs(owned by our taxpayer money) in such a way so that middle class indians can own these companies.

Look at some IPO priced by both NDA&UPA which were multibaggers many times over such as Maurti in 2003 was priced at Rs 120 or 150 and touched 10,000. Same is the case with NBCC which has been a great success. However, in volume terms there have been more PSU IPOs in the last 3 to 4 years but most have value destroyers.

Media should take this up as to how middle class Indian have been taken for a ride and how every time LIC is used to bail them out which is again owned by middle class Indians through their taxes

197.3. jajo  Mar 15, 2018 6:58:47 PM IST I Like It. 13 | Report Abuse
@ Singh,
I fully agree with you that the present NDA govt is anti middle class in each and every actions and policies.. one example is as you said the PSU IPO pricing policy which has destroyed the many investors wealth. Another is LTCG tax with a ridiculous exemption of only Rs Lakh per year.
Similarly is with the promise of individual IT exemptions with 5 lakhs. All their election pormises were fake only to garner the middle class families votes.
197.4. PavanM  Mar 16, 2018 10:25:34 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Yes Makhu, agree with your view that LIC should be barred from sailing through these PSU IPOs. can we start a Facebook movement in this direction till it reaches LIC chairman and send a strong message that if LIC continues investing in these high priced PSUs, LIC will be barred by retail investors by inclining to private insurers only.
196. Bears  Mar 16, 2018 9:38:55 AM IST I Like It. 1 | Report Abuse Reply
Easily list in discount by 30-40 rs, still some time to withdraw.
195. KING VINOD  Mar 16, 2018 9:11:59 AM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1000+ Likes)
Bharat Dynamics Limited IPO
Final Subscription Figures
QIB (NSE+BSE) = 1.50X
HNI (NSE+BSE) = 0.50X
RII (NSE+BSE) = 1.41X
Emp (NSE+BSE) = 0.42X
Total (NSE+BSE) = 1.30X
Applications Approx = 186284
Retail App Wise = 0.86X
194. P M  Mar 16, 2018 8:43:51 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Final Subscription
Qualified Institutional Buyers (QIB) ---------- 1.50x (Closed)
Non Institutional Investors (NII) --------------- 0.50x (Closed)
Retail Individual Investors (RII) ---------------- 1.41x
Employee Reserved (EMP) ------------------- 0.42x

Total ----------------------------------------------- 1.30x

No.of Applications (Approx) ------------ 186247
Retail Applicationwise (Approx) --------- 0.85x

Bidding @ Cut off (428) ----- 1.29x

193. Justaninvestor  Mar 15, 2018 9:12:19 PM IST I Like It. 2 | Report Abuse Reply
This is going to be only listed armament manufacturing listed company in the eorld. Remember infosys
192. Harshajeet Patil  Mar 15, 2018 7:37:52 PM IST I Like It. | Report Abuse Reply
Hello, What is the allocation date? When is the stock getting listed on BSE/NSE? Can anyone please inform. Thank you.
192.1. Navkant  Mar 15, 2018 8:49:47 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Likely 20Mar allotment and 23rd listing.
191. Navkant  Mar 15, 2018 7:11:34 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Applied 1 lot 1 application.
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