Bookbuilding IPO | ₹83 Cr | Listed at BSE, NSE | Thu, Dec 2, 2004 - Wed, Dec 8, 2004
BHARATI SHIPYARD IPO is a book build issue of ₹82.50 crores. The issue is entirely a fresh issue of 1.25 crore shares of ₹82.50 crore.
BHARATI SHIPYARD IPO bidding started from Dec 2, 2004 and ended on Dec 8, 2004.
BHARATI SHIPYARD IPO is set final issue price at ₹66 per share.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to BHARATI SHIPYARD IPO DRHP for detailed Information.
IPO Open
Thu, Dec 2, 2004
IPO Close
Wed, Dec 8, 2004
Issue Price
₹66 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 2 to 8 Dec, 2004 |
| Listed on | Thu, Dec 30, 2004 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹66 |
| Issue Price | ₹66 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,25,00,000 shares (agg. up to ₹83 Cr) |
| Fresh Issue | 1,25,00,000 shares (agg. up to ₹83 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 2,25,00,000 shares |
| BSE Script Code / NSE Symbol | 532609 / BHARSHIP |
| ISIN | INE673G01013 |
BHARATI SHIPYARD IPO comprises a total issue size of 1,25,00,000 shares. The net offer to the public is 1,12,50,000 shares, after excluding 12,50,000 shares under a preferential allotment. Of the Net offer 56,25,000 (50.00%) are allocated to QIB, 28,12,500 (25.00%) allocated to NII 28,12,500 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 56,25,000 | 50.00% | 45.00% |
| NII (HNI) Shares Offered | 28,12,500 | 25.00% | 22.50% |
| Retail Shares Offered | 28,12,500 | 25.00% | 22.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 12,50,000 | 10.00% | |
| Total Shares Offered | 1,25,00,000 | 100.00% | 100.00% |
| 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 1973Bharati Shipyard Limited is a shipbuilding and offshore construction company engaged in the design, construction, and repair of ships and marine structures.
The company specialized in building a wide range of vessels, including offshore supply vessels, anchor handling tug supply vessels, platform supply vessels, dredgers, cargo ships, and defense-related marine vessels. Bharati Shipyard served clients in the offshore oil and gas, shipping, and maritime industries.
Bharati Shipyard expanded its operations through multiple shipyards and marine infrastructure facilities across India, including locations in Maharashtra and Goa. The company also undertook offshore fabrication and engineering projects for domestic and international customers.
During the 2000s, Bharati Shipyard experienced significant growth driven by rising demand in the global shipping and offshore energy sectors. However, the company later faced financial stress due to high debt levels, project delays, and downturns in the shipping industry, which impacted its operations and financial position.
Competitive Strengths:
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|---|
| Assets | 13.55 | 9.86 | 7.80 | 7.73 | 7.46 |
| Total Income | 9.89 | 12.17 | 6.13 | 5.96 | 8.82 |
| Profit After Tax | 1.45 | 0.60 | 0.12 | 0.12 | 0.20 |
| EBITDA | 2.74 | 1.75 | 0.80 | 0.78 | 0.58 |
| NET Worth | 4.05 | 2.53 | 1.72 | 1.53 | 1.55 |
| Reserves and Surplus | 3.05 | 1.61 | 1.13 | 1.01 | 1.03 |
| Total Borrowing | 3.16 | 2.22 | 2.06 | 2.10 | 1.21 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Ratnagiri Yard | 65.00 |
| 2 | Working Capital Margin | 10.00 |
| Total | 75.00 |
| KPI | Mar 31, 2004 |
|---|---|
| RoNW | 23.70% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 44.44% |
The Bharati Shipyard IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 72.17 | 1,25,00,000 | 90,21,32,000 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management fees, Underwriting Commission and Brokerage | |
| 2 | Marketing and Advertising Expenses | |
| 3 | Stationery & Printing | |
| 4 | Registrar’s Expenses | |
| 5 | Legal fees, Listing fees, Book Building charges, Auditor’s fees etc. | |
| 6 | Miscellaneous Expenses | |
| Total | 0.00 |
| Price Details |
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Lead Manager Reports
Bharati Shipyard IPO is a main-board IPO of 1,25,00,000 equity shares of the face value of ₹10 aggregating up to ₹83 Crores. The issue is priced at ₹66 per share. The minimum order quantity is .
The IPO opens on Thu, Dec 2, 2004, and closes on Wed, Dec 8, 2004.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bharati Shipyard IPO using UPI as a payment gateway. Zerodha customers can apply in Bharati Shipyard IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharati Shipyard IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharati Shipyard IPO opens on Thu, Dec 2, 2004 and closes on Wed, Dec 8, 2004.
Bharati Shipyard IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bharati Shipyard 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 Bharati Shipyard IPO will be done on Thursday, December 23, 2004, and the allotted shares will be credited to your demat account by . Check the Bharati Shipyard IPO allotment status.
The Bharati Shipyard IPO listing date is on .
