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.

Bharat Dynamics IPO Details

Issue Open	Mar 13, 2018 - Mar 15, 2018
Issue Type	Book Built Issue IPO
Issue Size	22,451,953 Eq 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
Min 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 Subscription Status (Bidding Detail)

Bharat Dynamics IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Total
Shares Offered	10,996,874	3,299,063	7,697,813	458,203	22,451,953
Mar 15, 2018 17:00	1.50x	0.50x	1.37x	0.40x	1.29x

Bharat Dynamics IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Bharat Dynamics IPO Rating

595

3.9

Rating:

Vote Here ...

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 Reviews / Ratings

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ICICIdirect: Subscribe only for long term
LKP Research: Avoid

Company Contact Information

Bharat Dynamics Ltd

Kanchanbagh,
Hyderabad – 500 058

Phone: +91 40 2434 4979
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
Email: bdl_ipo@alankit.com
Website: http://www.alankit.com

Bharat Dynamics IPO Lead Manager(s)

IDBI Capital Market Services Limited » Report
SBI Capital Markets Limited » Report
Yes Securities (India) Limited » Report

Lead Manager Reports

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Useful Articles

Bharat Dynamics IPO Review / Comments

292. MOHSIN diwan Apr 4, 2018 12:49

bharat dynamics ltd ....HOLD KE SELL ?

292.1. DownriteVJ Apr 26, 2018 12:18

IPO Guru (1000+ Posts, 800+ Likes)

hold

291. Super Trader Mar 23, 2018 10:05

7 |

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 :)

Load more comments (4 replies)

291.5. Harshajeet Patil Mar 23, 2018 12:34

1 |

Hilarious..waiting for HAL and MDNL..:-)..!

291.6. DownriteVJ Mar 27, 2018 15:50

1 |

IPO Guru (1000+ Posts, 800+ Likes)

Kal dekhenge HAL ka kamaall.. :P :P :P

290. govind sharma Mar 23, 2018 14:49

BDL i need to Hold or sell please suggest.

i am in big loss.

i have applied for 2 lots and all 2 allotted.

Load more comments (3 replies)

290.4. Aniketiaf Mar 26, 2018 10:06

2 |

IPO Mentor (700+ Posts, 3900+ Likes)

BDL cmp 412

290.5. blogece Mar 27, 2018 15:29

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

289. blogece Mar 21, 2018 12:42

1 |

Recieved message from ALNKIT and BSE Nil allocation message

289.1. blogece Mar 27, 2018 15:26

2 |

felt somewhat saved after seeing listing details

288. vinayak J Mar 26, 2018 10:40

2 |

bharat dyanamics will check 430

287. KINGSHUK Mar 23, 2018 17:04

5 |

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.

287.1. Mogambo Mar 23, 2018 17:17

5 |

IPO Mentor (700+ Posts, 1600+ Likes)

Nation Building Contribution Part 2 will be seen in HAL and yes it is still going on in MishraJi's Dhathu Nigam subscribtion:)☺

286. Mogambo Mar 23, 2018 11:56

5 |

IPO Mentor (700+ Posts, 1600+ 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

286.1. AhireR Mar 23, 2018 14:07

Don't see dreams in day time..😊

286.2. Mogambo Mar 23, 2018 16:51

2 |

IPO Mentor (700+ Posts, 1600+ Likes)

@AhireR
Nifty closed below 9999. ha...ha.
its not dream.its realty.haha...🤗

285. gouravBedarkar Mar 23, 2018 15:36

2 |

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 .

284. Solution of Queries Mar 23, 2018 12:21

IPO Guru (1100+ Posts, 1400+ 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.

284.1. AhireR Mar 23, 2018 14:06

Strong demand ipos won't be affected..but bdl had alrdy very less demand and today freefall of market contributed to it's weaknes..

283. Solution of Queries Mar 23, 2018 13:27

3 |

IPO Guru (1100+ Posts, 1400+ 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 !!

282. Solution of Queries Mar 23, 2018 13:18

3 |

IPO Guru (1100+ Posts, 1400+ 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....!!

281. KINGSHUK Mar 23, 2018 11:52

4 |

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.

280. N Rohansekhar Mar 23, 2018 11:33

Hold or sell please guide me. I am new here

279. harit Mar 23, 2018 09:58

5 |

IPO Mentor (900+ Posts, 1400+ Likes)

Please don't sell it
Please don't don't buy
Stay calm
Defense sector has nothing to do with this fall

Load more comments (3 replies)

279.4. Cool Sunshine Mar 23, 2018 11:13

3 |

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.

279.5. harit Mar 23, 2018 11:22

1 |

IPO Mentor (900+ Posts, 1400+ Likes)

@cool sunshine
Thanks for bringing this to my knowledge
Always appreciated your efforts
Keep it up
👍

278. AKBBAJ Mar 19, 2018 13:29

abhi tk ASTER DM ke nuksan se ubhar nahi paya aur aub bharat dynamics :(

278.1. FRANKLY SPEAKING Mar 19, 2018 20:58

5 |

It will list in profit.

278.2. Small Investor Mar 23, 2018 11:05

2 |

IPO Mentor (600+ Posts, 200+ Likes)

Ghanntta Profit ho gya #206.1

277. Hemalkumar Mar 23, 2018 09:55

1 |

congrats all who wait for 10-15% profit

277.1. Mogambo Mar 23, 2018 11:00

3 |

IPO Mentor (700+ Posts, 1600+ Likes)

Thank you on behalf of
Govt.
President of India

276. yazoo Mar 23, 2018 10:16

3 |

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

276.1. Mogambo Mar 23, 2018 10:25

2 |

IPO Mentor (700+ Posts, 1600+ Likes)

brave / foolish are habitual to contribute blindly.
dont learn from GIC,NIA

275. guptahitz Mar 23, 2018 10:06

6 |

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

274. Satoria Mar 23, 2018 10:02

He he sab chuhe h... ek din market kya gira sab sell sell kar rahe h... ruko jara do chaar din so no one applying hdfc icici ipos now... sandhar me kya bolte h experts gmp gmp kaha gaya

273. Mogambo Mar 23, 2018 09:49

1 |

IPO Mentor (700+ Posts, 1600+ Likes)

Those who have applied , cancell all application of mishra dhatu nigam ltd. MDNL
Plz dont contribute in building of nation

273.1. Mogambo Mar 23, 2018 09:56

1 |

IPO Mentor (700+ Posts, 1600+ Likes)

HAL listing 1000

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