Garden Reach Shipbuilders & Engineers Limited IPO (Garden Reach Shipbuilders IPO) Detail

Sep 24, 2018 - Oct 1, 2018

Incorporated in 1913, Garden Reach Shipbuilders & Engineers Limited is a Mini Ratna-Category I company engaged in shipbuilding company under the administrative control of the MoD.

The company primarily adheres to the requirements of the Indian Navy and the Indian Coast Guard. It is also engaged in the engineering and engine production activities and manufactures deck machinery items, pre-fabricated portable steel bridges, and marine pumps.

Garden Reach Shipbuilders has three separate facilities for shipbuilding, located at Kolkata, India. The ships are built at the Main Works Unit and the Rajabagan Dockyard. The third facility, is mainly used for fitting out and repair of ships.

The Company has many firsts to its credit in the Indian shipbuilding industry. It is the first Indian shipyard to integrate carbon composite superstructure with steel hull for the construction of the third ASW Corvette for the Indian Navy.

It is also the first and the only Indian shipyard to build and subsequently deliver a fleet tanker to the Indian Navy and to build and subsequently deliver a hovercraft to the Indian Coast Guard among others.

The shipbuilding division contributes majorly to the company's revenue from operations. It has contributed 81.23%, 75.10%, 79.09% and 83.33% of gross revenue from operations in September 30, 2017, Fiscals 2017, 2016
and 2015 respectively.

Strengths of the Company-

1. Strong Order Book of Rs 208,033.60 million as on February 28, 2018.
2. Significant advantage over global shipyards in securing contracts due to Make in India initiative.
3. Offers diversified products and services in addition to shipbuilding
4. Modern infrastructure with integrated shipbuilding capabilities

The company has 2,224 full-time employees on its payroll.

Garden Reach Shipbuilders IPO Details

IPO Date Sep 24, 2018 to Oct 1, 2018
Listing Date Oct 10, 2018
Face Value ₹10 per share
Price ₹114 to ₹118 per share
Lot Size 120 Shares
Total Issue Size29,210,760 shares
(aggregating up to ₹344.69 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Garden Reach Shipbuilders IPO Reservation

QIB Shares Offered14,319,000 (49.02%)
NII (HNI) Shares Offered4,295,700 (14.71%)
Retail Shares Offered10,023,300 (34.31%)
Total Shares Offered29,210,760

Garden Reach Shipbuilders IPO Tentative Timetable

Garden Reach Shipbuilders IPO opens on Sep 24, 2018, and closes on Oct 1, 2018.

Event Tentative Date
Opening Date Sep 24, 2018
Closing Date Oct 1, 2018
Basis of Allotment Oct 1, 2018
Initiation of Refunds Oct 3, 2018
Credit of Shares to Demat Oct 3, 2018
Listing Date Oct 5, 2018
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Garden Reach Shipbuilders IPO Lot Size

The Garden Reach Shipbuilders IPO lot size is 120 shares.

Application Lots Shares Amount
Retail (Min) 1 120 ₹14,160
Retail (Max) 14 1680 ₹198,240
Lot Size Calculator

Garden Reach Shipbuilders IPO Subscription Status (Bidding Detail)

The Garden Reach Shipbuilders IPO is subscribed 1.02 times on Oct 1, 2018 5:00:00 PM. The public issue subscribed 0.24 times in the retail category, 1.81 times in the QIB category, and 0.31 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
30-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15(Proforma)
Total Assets 46,999.32 45,650.04 44,514.94 40,009.76
Total Revenue 5,8583.93 11,579.57 18,467.47 16,391.63
Profit After Tax 180.69 122.32 1,620.47 517.28

Retail & Employee Discount

A discount of Rs 5 per equity share is offered to applications in retail and employee quota.

IPO Notices

External Link

Issue Date Extended

The issue closure date has been extended up to 01 October 2018. The Price band has been revised from 115/- to Rs. 118/- To Rs. 114/- to Rs. 118/- per share.

Garden Reach Shipbuilders IPO Review (May apply)

[Dilip Davda]  Considering the improved performance of FY18 post scale up in capacities with adoption of new technologies and order on hand, investors may consider investment for long term in the issue of company related to defense sector. Read detail review...

Objects of the Issue

The objects of the Issue are to:

1. Carry out the disinvestment of Equity Shares by the Selling Shareholder
2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Company will not receive any proceeds from this Offer and all proceeds shall go to the Selling Shareholder.

Garden Reach Shipbuilders IPO Prospectus

Garden Reach Shipbuilders IPO Rating

Rating:Rated 3.7 stars
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Garden Reach Shipbuilders IPO Listing Details

Listing Date Oct 10, 2018
BSE Script Code 542011
ISIN INE382Z01011
Final Issue Price ₹118 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Garden Reach Shipbuilders & Engineers Limited
43/46 Garden Reach Road
Kolkata - 700 024
West Bengal, India
Phone: 033-2469 8545
Email: co.sec@grse.co.in
Website: http://www.grse.in/

Garden Reach Shipbuilders IPO Registrar

Alankit Assignments Ltd

Phone: (011) 4254 1234
Email: info@alankit.com
Website: https://www.alankit.com/

Garden Reach Shipbuilders IPO Analysis

Garden Reach Shipbuilders IPO Recommendation Summary

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Brokers 6 1 1
Members 0 0 0

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Garden Reach Shipbuilders IPO FAQs

Garden Reach Shipbuilders IPO is a main-board IPO of 29,210,760 equity shares of the face value of ₹10 aggregating up to ₹344.69 Crores. The issue is priced at ₹114 to ₹118 per share. The minimum order quantity is 120 Shares.

The IPO opens on Sep 24, 2018, and closes on Oct 1, 2018.

Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Garden Reach Shipbuilders IPO opens on Sep 24, 2018 and closes on Oct 1, 2018.

Garden Reach Shipbuilders IPO lot size is 120 Shares and the minimum order quantity is .

You can apply in Garden Reach Shipbuilders IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Garden Reach Shipbuilders IPO will be done on Oct 1, 2018, and the allotted shares will be credited to your demat account by Oct 3, 2018. Check the Garden Reach Shipbuilders IPO allotment status.

The Garden Reach Shipbuilders IPO listing date is on Oct 10, 2018.
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Garden Reach Shipbuilders IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



128. tnk |   Link |Nov 3, 2018 11:30:08 AM
Can't understand why no allotment in coal india ofs, when applied at cutoff 150 nos, my broker debited 39900 initially but got same credited in the evening.
127. yazoo |   Link |Oct 11, 2018 11:27:13 PM
wise words
Investing based on how you vote is still a terrible idea

and let me add vice versa !!

October 10, 2018 9:00am by Barry Ritholtz
126. yazoo |   Link |Oct 11, 2018 11:23:43 PM
Spoken like a true anarchist ,,, but please remember
on CRIMEA ,.. Indian babudum is still stuck in non aligned era

"Past performance is no guarantee of future results. Every party is desperate for votes and worse the Intelligent Indian is stuck between a rock and hard place
125. Anarchist |   Link |Oct 11, 2018 10:19:30 AM (500+ Posts, 1400+ Likes)
Isn't it absurd to trust a private company with zero experience in aircraft manufacturing, with technology of the nation's most advanced fighter jet? Especially when even a DRDO official was caught engaging in espionage, leaking sensitive data about Brahmos Missile system to the enemy nation Pakistan? .....
What kind of patriotism can inspire one to take such decisions is something one needs to ponder on ..
125.2. juju |   Link |Oct 11, 2018 8:21:29 PM (300+ Posts, 300+ Likes)
Call me whatever you want, with first hand knowledge of HAL, I know a global giant like Dassault can better handle QCC with a private player
125.3. yazoo |   Link |Oct 11, 2018 11:18:31 PM
No real data on rafael jet deal is out ,,, 3 ways to sort out the mess PIL in SC and CAG audit . someone has filed a pil already . I dont particularly trust the parliamentary committee.

The fighter purchase has gotten delayed since George Fernandes had scrapped make in India Mirages ... Imagine the delay !!!
More importantly India needs Bomber Jets soon cause mirages are aging and will get phased out.. the tough things like training pilots and mating weapon payloads and doin the smart hacks take time...
124. Anarchist |   Link |Oct 9, 2018 9:58:03 AM (500+ Posts, 1400+ Likes)
If 'THEY' win the elections again..blindly pick all Reliance stocks....Infra, Industries, Defence, Naval whatever ..as those would double every 6 months for the next 5 years...

One may also initiate a 'pair trade' to maximize returns..ie- Buy truckloads of Reliance Naval / Defence and simultaneously sell some 'Nation Building's scrips like Garden, BDL or HAL against margin intraday, everyday... ..Cheers!!
124.5. Anarchist |   Link |Oct 11, 2018 11:48:39 AM (500+ Posts, 1400+ Likes)
id pick it stock like tcs etc for the longer term cause it is not politically sensitive

^^^^. No ..Kot that either ...because Putin felt betrayed on the Crimea issue where unlike China, India refrained from taking a firm stand and now as THEY purchased the S400 system from Russia, America feels betrayed which is deducible from the recent diplomatic change at the Oval and the latest statement by Donald Trump...

India's export industry must now prepare to face America's wrath.....
124.6. Anarchist |   Link |Oct 11, 2018 12:00:31 PM (500+ Posts, 1400+ Likes)
One must avoid boarding long distance flights if they can't handle Jet lags ... Similarly, THEY need not be at the helm of the nation if THEY ain't capable of handling lags, adversities...

THEY knew the situation beforehand and THEY still promised a utopia where everything would be hunky dory ....I'm afraid but no amount of explanations can suffice for people to excuse them for what THEY have done...
123. Anarchist |   Link |Oct 11, 2018 9:49:41 AM (500+ Posts, 1400+ Likes)
I'd be keenly watching the amount of 'Long Term Capital Gains Tax' 'THEY' manage to collect after all the grandfathering..
122. yazoo |   Link |Oct 11, 2018 2:21:36 AM
I recovered partial losses from GIC ipo by shorting Garden reach .. wonder why i didnt increase my short ...i expect it to fall 10% at least in short term from here.
90 is fair value ... ie if govt doesnt cheat shareholders like it did to ONGC and oil cos
Greedy finance and disinvestment ministry is forcing LIC to bail out its fiscal deficits.This is the same formula used by congress govt ,
The promoter should at least leave say a 5 to 10% for the retailer ... forget the big investor. Wonder how LIC will make money for its policyholders.. wont take time to make LIC Bimaru
I wonder how much difference is there between Congress and BJP on eco policy
BJP has over taxed middle class Only thing is there is no mega corruption as in congress but there is mega freebee culture which is equally dangerous for the economy
Now lic is facing poor profits and cash crunch / deficits as per EcoTimes
121. KVR Krishna |   Link |Oct 10, 2018 10:06:39 AM
NSE 106 /-
not a bad listing...

121.1. PavanM |   Link |Oct 10, 2018 1:30:59 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
an IPO she leave at least 20-30% for retail investors as the whole process takes at least 10 days. As market is positive today, there is no panic selling otherwise it would have listed further less like IRCON. so, GRSE issue should have fixed issue price at 80.
120. Marketvisual |   Link |Oct 6, 2018 12:58:18 PM
Good to see that there is no response in this forum..
It seemss that 20 percent RII who applied for it has gone out of india for relaxing..
Its good for them to be out till diwali on vacations. Because they wont be able to face the listing of this issue.. they would be thinking 50 percent in discount??
Tough time for them.. and everone who has invested in equity on higher levels..
120.6. Devendrap |   Link |Oct 9, 2018 7:40:52 PM
Correct sir presently Archidply share rate 38 RS only. It's really good lesson learn for beginners.
I was applied 8640 share for garden ipo in first day in HNI But due to SEBI RULES not able to withdrawn my application.
Thanks to God for 0 allotment and now it's this ipo is lesson learn for me for future ipo application
120.7. PavanM |   Link |Oct 10, 2018 8:55:40 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Archidply all time low is Rs.4.5/- vs issue price of some 74.
119. Devendrap |   Link |Oct 8, 2018 3:10:05 PM
Finally lucky ???? got 0 allotment in HNI CATEGORIES
119.1. SJ |   Link |Oct 8, 2018 3:12:18 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
How ?
HNI sub. only 30 %
119.2. Devendrap |   Link |Oct 8, 2018 3:23:50 PM
I don't no but my full amount refunded in my bank account. May be my application rejected due to any unknown reason..but I am feeling relaxed now
118. Regulagedda Ambica Prasad |   Link |Oct 8, 2018 11:26:58 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
GRSE : Allotment done at 113
117. Marketvisual |   Link |Oct 8, 2018 9:19:56 AM
Hahaaha.. check out awas financial today.. which is a bigger brand then garden reach ipo..
It dosent marrer any ipo is good or bad..
Its the market condition wherein which they are listed.
1 reason is higher valuation.
2 readon is bad market condition..
3 reason is.. whoever got this ipo will sell it
So . Its gone..
117.1. Devendrap |   Link |Oct 8, 2018 9:50:41 AM
116. Marketvisual |   Link |Oct 7, 2018 8:08:07 AM
First day 20-25 percent down opening..
2nd or third day.. or within a week.. again 20 prrcent down in total..
116.1. Devendrap |   Link |Oct 7, 2018 8:37:02 PM
Synergy green ipo subscribe only 1.1 times but open with 20% positive then how can you assume that it will open with 25% negative.
Dear no one assume in ipo for its opening price. Recently Ircon subscribe 10 times but open 15% negative
115. kumar babu |   Link |Oct 4, 2018 4:25:20 PM
Tomorrow listing price, any guesses !
115.1. Devendrap |   Link |Oct 4, 2018 6:04:44 PM
Allottement out?
114. Anil Singhavi |   Link |Oct 4, 2018 9:42:47 AM
Laagta he jaise RBI aur SEBI milkar kar companies ki vat laga rahe he.

Is IPO ki listing pe public iski kahi vat na lage de.

If such news/whatsapp message spread in market before listing then it will be the worst scenario for this IPO. people who got allotted can't forgot this in their nightmare.
113. Devendrap |   Link |Oct 3, 2018 7:19:08 PM
Hni and retail me kya sabhi Ko allottement milega kyonki dono me subscription full subscribe nhi huva?
113.1. Devendrap |   Link |Oct 3, 2018 9:04:06 PM
Dear admin
Please advise as I am new for ipo
112. v for vendetta |   Link |Sep 26, 2018 11:22:01 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Lower price band reduced by Rs 1.
Awesome, lets grab this opportunity.
No sarcasm
112.1. DownriteVJ |   Link |Oct 2, 2018 11:32:03 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
112.2. ipo share |   Link |Oct 2, 2018 11:14:42 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Really very good opportunity, once in lifetime. Dil garden garden ho gaya.
Waah hazoor waah.
111. Anil Singhavi |   Link |Oct 2, 2018 10:23:15 AM
Allotment : 8-10-2018
Credit share : 9-10-2018
Unblock : 9-10-2018
Listing : 10-10-2018
110. Devendrap |   Link |Oct 1, 2018 9:24:59 PM
Any one can share total subscription please
110.1. HARI MODI |   Link |Oct 2, 2018 8:10:18 AM
QIB 1.81
Non Institutional Investors 0.31
Retail Individual Investors (RIIs) 0.24
Employees 0.14
Total 1.02
109. Rajesh.n.n |   Link |Oct 1, 2018 10:49:30 AM
Last chance to withdraw application