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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

595
3.9
Rating:Rated 3.9 stars

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Bharat Dynamics IPO Listing Date

  •   ›  Listing Date: Friday, March 23, 2018
  •   ›  BSE Script Code: 541143
  •   ›  NSE Symbol: BDL
  •   ›  Listing In: B
  •   ›  ISIN: INE171Z01018
  •   ›  Issue Price: Rs 428 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 428.00
Rs 360.00
Rs 360.00
Rs 402.80
Rs 390.70
602,710
NSE
Rs 428.00
Rs 370.00
Rs 362.00
Rs 402.70
Rs 389.80
3,939,659

Bharat Dynamics IPO News Alerts

  1. Friday, March 23, 2018 12:00:00 AM
    Bharat Dynamics IPO Listing Date & Info
  2. Wednesday, March 21, 2018 12:00:00 AM
    Bharat Dynamics IPO Allotment Status
  3. Thursday, March 15, 2018 12:00:00 AM
    Bharat Dynamics IPO Closes on Mar 15, 2018
  4. Tuesday, March 13, 2018 12:00:00 AM
    Bharat Dynamics IPO Opens on Mar 13, 2018

Company Contact Information

Bharat Dynamics Ltd

Kanchanbagh,
Hyderabad – 500 058
Phone: +91 40 2434 4979
Fax: +91 40 2434 0660
Email: investors@bdl-india.com
Website: http://www.bdl.india.com

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
Email: bdl_ipo@alankit.com
Website: http://www.alankit.com

Bharat Dynamics IPO Lead Manager(s)

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Bharat Dynamics IPO Review / Comments

avatar
292. Vicky Marwah  Mar 13, 2018 8:17:02 PM IST I Like It. | Report Abuse Reply
Bahart D is gud ipo
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292.1. Eagleye  May 18, 2018 9:53:48 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (4600+ Posts, 14000+ Likes)
really ?
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291. MOHSIN diwan  Apr 4, 2018 12:49:06 PM IST I Like It. | Report Abuse Reply
bharat dynamics ltd ....HOLD KE SELL ?
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291.1. DownriteVJ  Apr 26, 2018 12:18:06 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
hold
avatar
290. Super Trader  Mar 23, 2018 10:05:36 AM IST I Like It. 9 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thank god this time only one lot. Sold at Rs.397. contributed nation building.
no intention to contribute further :)
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290.5. Harshajeet Patil  Mar 23, 2018 12:34:09 PM IST I Like It. 1 | Report Abuse
Hilarious..waiting for HAL and MDNL..:-)..!
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290.6. DownriteVJ  Mar 27, 2018 3:50:23 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Kal dekhenge HAL ka kamaall.. :P :P :P
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289. govind sharma  Mar 23, 2018 2:49:36 PM IST I Like It. | Report Abuse Reply
BDL i need to Hold or sell please suggest.

i am in big loss.

i have applied for 2 lots and all 2 allotted.
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289.4. Aniketiaf  Mar 26, 2018 10:06:15 AM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 3000+ Likes)
BDL cmp 412
avatar
289.5. blogece  Mar 27, 2018 3:29:32 PM IST I Like It. | Report Abuse
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
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288. blogece  Mar 21, 2018 12:42:53 PM IST I Like It. 1 | Report Abuse Reply
Recieved message from ALNKIT and BSE Nil allocation message
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288.1. blogece  Mar 27, 2018 3:26:44 PM IST I Like It. 2 | Report Abuse
felt somewhat saved after seeing listing details
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287. vinayak J  Mar 26, 2018 10:40:36 AM IST I Like It. 2 | Report Abuse Reply
bharat dyanamics will check 430
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286. KINGSHUK  Mar 23, 2018 5:04:43 PM IST I Like It. 5 | Report Abuse Reply
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.
avatar
286.1. Mogambo  Mar 23, 2018 5:17:13 PM IST I Like It. 5 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Nation Building Contribution Part 2 will be seen in HAL and yes it is still going on in MishraJi's Dhathu Nigam subscribtion:)☺
avatar
285. Mogambo  Mar 23, 2018 11:56:09 AM IST I Like It. 5 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ 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
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285.1. AhireR  Mar 23, 2018 2:07:32 PM IST I Like It. | Report Abuse
Don't see dreams in day time..😊
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285.2. Mogambo  Mar 23, 2018 4:51:32 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@AhireR
Nifty closed below 9999. ha...ha.
its not dream.its realty.haha...🤗
avatar
284. gouravBedarkar  Mar 23, 2018 3:36:13 PM IST I Like It. 2 | Report Abuse Reply
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 .
avatar
283. Solution of Queries  Mar 23, 2018 12:21:54 PM IST I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 1300+ 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.
avatar
283.1. AhireR  Mar 23, 2018 2:06:41 PM IST I Like It. | Report Abuse
Strong demand ipos won't be affected..but bdl had alrdy very less demand and today freefall of market contributed to it's weaknes..
avatar
282. Solution of Queries  Mar 23, 2018 1:27:19 PM IST I Like It. 3 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 1300+ 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 !!
avatar
281. Solution of Queries  Mar 23, 2018 1:18:49 PM IST I Like It. 3 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 1300+ 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....!!
avatar
280. KINGSHUK  Mar 23, 2018 11:52:16 AM IST I Like It. 4 | Report Abuse Reply
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.
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279. N Rohansekhar  Mar 23, 2018 11:33:49 AM IST I Like It. | Report Abuse Reply
Hold or sell please guide me. I am new here
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278. harit  Mar 23, 2018 9:58:54 AM IST I Like It. 5 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Please don't sell it
Please don't don't buy
Stay calm
Defense sector has nothing to do with this fall
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278.4. Cool Sunshine  Mar 23, 2018 11:13:34 AM IST I Like It. 3 | Report Abuse
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.
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278.5. harit  Mar 23, 2018 11:22:44 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@cool sunshine
Thanks for bringing this to my knowledge
Always appreciated your efforts
Keep it up
👍
avatar
277. 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 :(
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277.1. FRANKLY SPEAKING  Mar 19, 2018 8:58:56 PM IST I Like It. 5 | Report Abuse
It will list in profit.
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277.2. Small Investor  Mar 23, 2018 11:05:25 AM IST I Like It. 2 | Report Abuse
Ghanntta Profit ho gya #206.1
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276. Hemalkumar  Mar 23, 2018 9:55:50 AM IST I Like It. 1 | Report Abuse Reply
congrats all who wait for 10-15% profit
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276.1. Mogambo  Mar 23, 2018 11:00:49 AM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Thank you on behalf of
Govt.
President of India
avatar
275. yazoo  Mar 23, 2018 10:16:05 AM IST I Like It. 3 | Report Abuse Reply
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

avatar
275.1. Mogambo  Mar 23, 2018 10:25:00 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
brave / foolish are habitual to contribute blindly.
dont learn from GIC,NIA
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274. Cool Sunshine  Mar 15, 2018 10:53:09 AM IST I Like It. 12 | Report Abuse Reply
I have decided not to apply in this IPO irrespective of final subscription due to following reasons:

- Lower probability of listing gains.
- Higher probability of money getting stuck (unproductively) in this IPO and potentially losing other opportunities,
- Public sector company running in captive environment and untested in open competitive business environment.
- Market condition not favourable.

I believe that company is decent and may have long term potential but I am unsure of the value in IPO purchase. Will continue to observe and may buy from secondary market post listing.

All the best to whoever decides to bet on this company in IPO.
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274.3. Cool Sunshine  Mar 23, 2018 10:00:00 AM IST I Like It. 3 | Report Abuse
Be very careful in this market.

Focus should be to preserve capital instead of gains. BDL listing is coming at very inopportune time. Suggest to focus on preserving your capital and be ready with an acceptable exit point.

This is the time of extreme fear....so no one can predict bottom.

It is just IMO. It is your call if you want to still continue with the hope of listing gains......
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274.4. Cool Sunshine  Mar 23, 2018 10:24:05 AM IST I Like It. 3 | Report Abuse
I thought listing is on Monday. Pls ignore last message.
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273. guptahitz  Mar 23, 2018 10:06:59 AM IST I Like It. 6 | Report Abuse Reply
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
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