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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 BSE, NSE on Mar 23, 2018.
Bharat Dynamics IPO price band is set at ₹428.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,455 (35 shares). 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 Services 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 Date | March 13, 2018 to March 15, 2018 |
| Listing Date | March 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹413 to ₹428 per share |
| Issue Price Final | ₹428 per share |
| Lot Size | 35 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 2,24,51,953 shares (aggregating up to ₹952.25 Cr) |
| Retail Discount | Rs 10.00 per share |
| Employee Discount | ₹10.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 18,32,81,250 shares |
| Share Holding Post Issue | 18,32,81,250 shares |
Bharat Dynamics IPO offers total 2,24,51,953 shares. Out of which 1,09,96,874 (48.98%) allocated to QIB, 32,99,063 (14.69%) allocated to NII, 76,97,813 (34.29%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,09,96,874 (48.98%) | NA |
| NII (HNI) Shares Offered | 32,99,063 (14.69%) | NA |
| Retail Shares Offered | 76,97,813 (34.29%) | 2,19,937 |
| Employee Shares Offered | 4,58,203 (2.04%) | NA |
| Total Shares Offered | 2,24,51,953 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Bharat Dynamics IPO opens on March 13, 2018, and closes on March 15, 2018.
| IPO Open Date | Tue, Mar 13, 2018 |
| IPO Close Date | Thu, Mar 15, 2018 |
| Tentative Listing Date | Fri, Mar 23, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 15, 2018 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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.
| 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 | |
[Dilip Davda] Although defense sector is in the transition mode with opening up of the sector for private players and FDI liberalization, considering status enjoyed by the company coupled with its track record and the order book position, investors may consider investment for long term. Read detail review...
A discount of Rs 10 per equity share on offer price is offered to retail and employees.
| Listing Date | March 23, 2018 |
| BSE Script Code | 541143 |
| NSE Symbol | BDL |
| ISIN | INE171Z01018 |
| Final Issue Price | ₹428 per share |
| BSE Listing Group | B |
Bharat Dynamics Ltd.
Kanchanbagh,
Hyderabad – 500 058
Hyderabad, Telangana
Phone: +91 40 2434 4979
Email: investors@bdl-india.com
Website: http://www.bdl.india.com
Alankit Assignments Ltd.
Phone: (011) 4254 1234
Email: bdl_ipo@alankit.com
Website: http://ipo.alankit.com/
Bharat Dynamics IPO is a main-board IPO of 2,24,51,953 equity shares of the face value of ₹10 aggregating up to ₹952.25 Crores. The issue is priced at ₹428 per share. The minimum order quantity is 35.
The IPO opens on March 13, 2018, and closes on March 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 March 13, 2018 and closes on March 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 Friday, March 23, 2018.
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