Bookbuilding IPO | ₹952 Cr | Listed at BSE, NSE | Tue, Mar 13, 2018 - Thu, Mar 15, 2018
Bharat Dynamics IPO is a book build issue of ₹952.25 crores. The issue is entirely an offer for sale of 2.25 crore shares of ₹952.25 crore.
Bharat Dynamics IPO bidding started from Mar 13, 2018 and ended on Mar 15, 2018. The shares got listed on NSE and BSE on Mar 23, 2018.
Bharat Dynamics IPO is set final issue price at ₹428 per share. The lot size for an application is 35 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,980 (35 shares) (based on upper price). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (2,345 shares), amounting to ₹10,03,660.
The issue includes a reservation of up to 4,58,203 shares for employees offered at a discount of ₹10.00 to the issue price.
IDBI Capital Markets & Securities Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue.
Refer to Bharat Dynamics IPO RHP for detailed Information.
IPO Open
Tue, Mar 13, 2018
IPO Close
Thu, Mar 15, 2018
Issue Price
₹428 per share
Market Cap (Pre-IPO)
₹7,844.44 Cr
| IPO Date | 13 to 15 Mar, 2018 |
| Listed on | Fri, Mar 23, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹413 to ₹428 |
| Issue Price | ₹428 per share |
| Lot Size | 35 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 10.00 per share |
| Employee Discount | ₹10.00 |
| Total Issue Size | 2,24,51,953 shares (agg. up to ₹952 Cr) |
| Offer for Sale | 2,24,51,953 shares of ₹10 (agg. up to ₹952 Cr) |
| Share Holding Pre Issue | 18,32,81,250 shares |
| Share Holding Post Issue | 18,32,81,250 shares |
| BSE Script Code / NSE Symbol | 541143 / BDL |
| ISIN | INE171Z01026 |
Bharat Dynamics IPO comprises a total issue size of 2,24,51,953 shares. The net offer to the public is 2,19,93,750 shares, after excluding 4,58,203 shares under a preferential allotment. Of the Net offer 1,09,96,874 (50.00%) are allocated to QIB, 32,99,063 (15.00%) allocated to NII 76,97,813 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,09,96,874 | 50.00% | 48.98% | NA |
| NII (HNI) Shares Offered | 32,99,063 | 15.00% | 14.69% | NA |
| Retail Shares Offered | 76,97,813 | 35.00% | 34.29% | 2,19,937 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,58,203 | 2.04% | NA | |
| Total Shares Offered | 2,24,51,953 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,980 |
| Retail (Max) | 13 | 455 | ₹1,94,740 |
| S-HNI (Min) | 14 | 490 | ₹2,09,720 |
| S-HNI (Max) | 66 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 67 | 2,345 | ₹10,03,660 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
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.
| Period Ended | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 8,284.98 | 8,600.79 | 9,640.63 | 8,411.97 |
| Total Income | 2,190.25 | 5,198.07 | 4,601.38 | 3,253.23 |
| Profit After Tax | 172.59 | 490.32 | 562.07 | 443.55 |
| NET Worth | 1,630.64 | 2,212.46 | 1,851.24 | 1,652.67 |
| Reserves and Surplus | 1,539.00 | 2,090.27 | 1,753.49 | 1,537.67 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Apollo Micro Systems Ltd. | Mainboard | ₹156.00 Cr | ₹275 | null | ₹441.75 | +60.64% | ₹408.85 (+2.57%) |
The Bharat Dynamics IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.26 | 2,24,51,953 | 2,82,17,105 | |
A discount of Rs 10 per equity share on offer price is offered to retail and employees.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including processing fees for SCSBs, printing and stationery expenses, underwriting commission) | 8.92 |
| 2 | Brokerage, bidding charges and selling commission for Syndicate Member, Registered Brokers, RTAs and CDPs | 1.65 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Others i. Other regulatory expenses ii. Advertising and marketing for the Offer iii. Fees payable to legal counsels iv. Miscellaneous | 15.17 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹428.00 | ₹428.00 |
| Open | ₹360.00 | ₹370.00 |
| Low | ₹360.00 | ₹362.00 |
| High | ₹402.80 | ₹402.70 |
| Last Trade | ₹390.70 | ₹389.80 |
Bharat Dynamics IPO is a main-board IPO of 2,24,51,953 equity shares of the face value of ₹10 aggregating up to ₹952 Crores. The issue is priced at ₹428 per share. The minimum order quantity is 35.
The IPO opens on Tue, Mar 13, 2018, and closes on Thu, Mar 15, 2018.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bharat Dynamics IPO using UPI as a payment gateway. Zerodha customers can apply in Bharat Dynamics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharat Dynamics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharat Dynamics IPO opens on Tue, Mar 13, 2018 and closes on Thu, Mar 15, 2018.
Bharat Dynamics IPO lot size is 35, and the minimum amount required for application is ₹14,980.
You can apply in Bharat Dynamics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bharat Dynamics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bharat Dynamics IPO allotment status.
The Bharat Dynamics IPO listing date is on Fri, Mar 23, 2018.
