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 Size	29,210,760 shares (aggregating up to ₹344.69 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

Garden Reach Shipbuilders IPO Reservation

QIB Shares Offered	14,319,000 (49.02%)
NII (HNI) Shares Offered	4,295,700 (14.71%)
Retail Shares Offered	10,023,300 (34.31%)
Total Shares Offered	29,210,760

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)

Category	Subscription (times)
QIB	1.81
NII	0.31
Retail	0.24
Employee	0.14
Total	1.02

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

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

492

3.7

Rating:

Vote Here ...

Garden Reach Shipbuilders IPO Listing Details

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

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

BSE
₹118.00
₹104.00
₹95.35
₹109.50
₹105.10

NSE
₹118.00
₹102.50
₹95.00
₹109.00
₹103.30

Check IPO Performance…

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

Review By	Subscribe	Neutral	Avoid
Brokers	6	1	1
Members	0	0	0

Read All Reviews Post Your Review Manage Reviews

Garden Reach Shipbuilders IPO Lead Manager(s)

Lead Manager Reports

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.

Garden Reach Shipbuilders IPO Message Board

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

240 Comments

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 ..

Load more comments (1 replies)

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!!

Load more comments (4 replies)

124.1. yazoo | Link |Oct 11, 2018 2:25:19 AM

what about adani stocks ?

id pick it stock like tcs etc for the longer term cause it is not politically sensitive

124.2. yazoo | Link |Oct 11, 2018 2:28:02 AM

If congress comes it is not goin to be any different ... adani ambani get ib data and assess how to fund partys on election to election basis

Revelations of hamish mcdonald are rather interesting

124.3. Anarchist | Link |Oct 11, 2018 9:28:32 AM (500+ Posts, 1400+ Likes)

Let's take two notional parties B and C for example....Now the desclaimer here is these parties are purely notional and have no co relation whatsoever with the ones that exist in reality and any resemblance to any real life party could only be the result of nothing but the coincidence..

So to begin with, the macro picture of their performance might appear similar prima facie, but the modus operandi differs drastically.....A careful look at the micro level reveals that party C seems to take rational decisions that do not disrupt the lives of the middle class or don't siphon off the last drop of blood of known tax payers while dishing out freebies/gifts to the class of people who never contributed towards the nation"s progress...So unlike the notional party B, the notional party C doesn't seem to use a huge chunk of taxpayer's money for absolutely unproductive purposes.....Instead of compelling those people to work to earn their living (Along the lines of NAREGA scheme), party B appears to engage in appeasing that class of people probably for a reason no different than getting votes...
Also party C doesn't seem to tax every single avenue of making money by way of countless different taxes, all at once,while constantly raising prices of everything essential for living....

Also the holier than thou approach makes the neutral onlooker raise eyebrows...One can't be free of all siins ( take for instance corruption) simply because they accused others of it....Moreover the whole point is lost if the amount of money swindled by way of corrupt activities is far less than the mammoth amounts wasted, destroyed in the broad daylight in the name of some seemingly futile nation building activities....

124.4. yazoo | Link |Oct 11, 2018 11:34:43 AM

You forget that there is a lag effect of policys of the mother party ... which the brahmachari party has suffered ... imagine how much more the mother party can extract from middle class if it comes to power ... especially when the raja babu is clueless about pretty much most things and might be having partial idiopathy ... his second rung who is the middle country king is no less idiopathic !!
read
also some journos are hinting sabotage with a powarful ex secretary now having a vital post in the PMO and we all know that the weakest link in this govt ins the koshadhyaksha
Feet of clay
How top-down decision-making, delusions of grandeur led a strong government to poor decisions

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...

https://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=GRSE&series=EQ

121.1. PavanM | Link |Oct 10, 2018 1:30:59 PM

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..

Load more comments (5 replies)

120.1. Devendrap | Link |Oct 6, 2018 3:38:58 PM

Are working in NSE ... If not then how can you say that it will list with 50% discount. Can you tell me any one share name which full subscribe and listed with 50% discount. Please share details if you have ..

120.2. PavanM | Link |Oct 9, 2018 4:51:27 PM

Top Contributor (400+ Posts, 400+ Likes)

way back in 2008 when Im very much new to IPOs & Share market itself and not even member of Chittorgarh. Archidply price band is 70-80 in 2008 subscribed by 1.5 times. It listed at 72 vs issue price of 74 i think and touched a low of 48 -50 if I remember it correctly on listing day. need not be exactly 50% discount. but its very much possible that one may wait for price to cross at least issue price & many sold in loss at 50 levels. As I applied & got only 1 lot, I had hold it for around 8 years and exited when I got my issue price as I don't need funds also at that time.

120.3. PavanM | Link |Oct 9, 2018 4:53:59 PM

Top Contributor (400+ Posts, 400+ Likes)

very few trades happened at 72 & it didn't give any scope to exit on listing before falling to sub 50 levels. Also there was no preopen kind of at that time to gauge listing price.

120.4. PavanM | Link |Oct 9, 2018 5:01:41 PM

Top Contributor (400+ Posts, 400+ Likes)

After burning my fingers in Reliance power IPO in Jan 2008 like many other retail investors, I kept myself away from IPOs for 4-5 months. Again after seeing few successful IPOs, applied for Archidply on SPTulsian recommendation in his website sptulsian.com & few other brokerage houses.
and it took around 8 years to cross issue price for Archidply. On a lighter note, after applying for Archidply IPO in 2008, my elder son was born in December 2008 & Archidply was able to cross its issue price after he joined in 2nd or 3rd class i think. :-) :-)

120.5. PavanM | Link |Oct 9, 2018 5:09:22 PM

Top Contributor (400+ Posts, 400+ Likes)

https://www.chittorgarh.com/ipo/archidply_ipo/181/
check the above link for verifying facts if some one want. we can see in above page, some one by name Pankaj kalani got 2400 shares of Archidply in IPO. just imagine how much he lost with 1 IPO in 2008.

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 (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 (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 (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

Agree

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 (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 (1300+ Posts, 1200+ Likes)

haha

112.2. ipo share | Link |Oct 2, 2018 11:14:42 PM

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

Check Messages by Ranked Members

Find Garden Reach Shipbuilders IPO Latest Update

Useful Articles

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

Garden Reach Shipbuilders IPO Details

Garden Reach Shipbuilders IPO Reservation

Garden Reach Shipbuilders IPO Tentative Timetable

Garden Reach Shipbuilders IPO Lot Size

Garden Reach Shipbuilders IPO Subscription Status (Bidding Detail)

Company Financials

Retail & Employee Discount

IPO Notices

Issue Date Extended

Garden Reach Shipbuilders IPO Review (May apply)

Objects of the Issue

Garden Reach Shipbuilders IPO Prospectus

Garden Reach Shipbuilders IPO Rating

Garden Reach Shipbuilders IPO Listing Details

Listing Day Trading Information

Company Contact Information

Garden Reach Shipbuilders IPO Registrar

Garden Reach Shipbuilders IPO Analysis

Garden Reach Shipbuilders IPO Lead Manager(s)

Garden Reach Shipbuilders IPO FAQs

What is Garden Reach Shipbuilders IPO?

When Garden Reach Shipbuilders IPO will open?

What is the lot size of Garden Reach Shipbuilders IPO?

How to apply for Garden Reach Shipbuilders IPO?

When is Garden Reach Shipbuilders IPO allotment?

When is Garden Reach Shipbuilders IPO listing date?

Garden Reach Shipbuilders IPO Message Board

240 Comments

Find Garden Reach Shipbuilders IPO Latest Update