Business description – Bharat Dynamics is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. The company is the sole manufacturer in India for SAMs, torpedoes, ATGMs. It is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Additionally, Bharat Dynamics is also engaged in the business of refurbishment and life extension of missiles manufactured. It is also the codevelopment partner with the DRDO for the next generation of ATGMs and SAMs. The company currently has three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam.
Promoters of Bharat Dynamics – The President of India, Acting through the Ministry Of Defence, Government of India
| Bharat Dynamics IPO details | |
| Subscription Dates | 13 – 15 March 2018 |
| Price Band | INR413 – 428 per share (discount of INR10 per share for retail investors) |
| Fresh issue | Nil |
| Offer For Sale | 22,451,953 shares (INR927.27 – 960.94 crore) |
| Total IPO size | 22,451,953 shares (INR927.27 – 960.94 crore) |
| Minimum bid (lot size) | 35 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Bharat Dynamics’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenues | 1,635.7 | 2,305.7 | 3,253.2 | 4,601.4 | 5,198.1 | 2,190.3 |
| Total expenses | 1,226.5 | 1,763.4 | 2,609.3 | 3,760.1 | 4,465.9 | 1,902.2 |
| Profit after tax | 278.8 | 360.1 | 443.5 | 562.1 | 490.3 | 172.6 |
| Net margin (%) | 17.0 | 15.6 | 13.6 | 12.2 | 9.4 | 7.9 |
Read Also:Â Bharat Dynamics IPO recommendations: Subscribe is the call
Bharat Dynamics Contact Details
Bharat Dynamics LimitedÂ
Plot no.38-39, TSFC Building, Near ICICI Towers
Financial District, Gachibowli
Hyderabad – 500 032
Phone:Â +91 40 2434 4979
Fax:Â +91 40 2434 0660
Email: [email protected]
Website:Â www.bdl-india.com
Registrar of Bharat Dynamics IPO
Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055
Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email:Â [email protected]
Website: www.alankit.com
Valuation of Bharat Dynamics (Based on latest FY)
Earnings Per Share (EPS): INR43.13
Price/Earnings (P/E) ratio: 9.57 – 9.92
Return on Net Worth (RONW): 22.16%
Net Asset Value (NAV): INR181.07 per share
Bharat Dynamics IPO Subscription Details
| Category | Shares offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 10,996,874 | 0.50 | 0.50 | 1.49 |
| NII | 3,299,063 | 0.01 | 0.07 | 0.50 |
| Retail | 7,697,813 | 0.21 | 0.56 | 1.36 |
| Employees | 458,203 | 0.08 | 0.18 | 0.39 |
| Total | 22,451,953 | 0.32 | 0.45 | 1.28 |
Bharat Dynamics IPO Allotment Status
Bharat Dynamics IPO allotment status is now available on Alankit Assignments’ website. Click on this link to get allotment status.
Listing Performance of Bharat Dynamics
IPO Opening Date: 13 March 2018
IPO Closing Date: 15 March 2018
Finalisation of Basis of Allotment: 20 March 2018
Initiation of refunds: 21 March 2018
Transfer of shares to demat accounts: 22 March 2018
Listing Date: 23 March 2018
Listing Price on NSE: INR370 per share (down 13.55% from IPO price)
Closing Price on NSE: INR399.5 per share (down 6.65% from IPO price)
PE ratio is attractive
Not bad . Listing gain definately. But very sort gain.
100 percentage profit confirm
allotment hua
Aaj ho raha hai allotment and refund both, I just got message and mail from BSE.
koi to bolo
profity margin is reducing every year as liabilities are more on the psu..may not perform more than 10% on opening
Allotment status will be uploaded by EOD today as confirmed with Alankit
allotment aaj ho gya
Allotment happened. Waiting for refund. Hoping for good opening on 23rd March.
Shares alloted to me ….Happy to join fundamental Company.
where did you checked?I tried to check on sbismart & online sbi site but nothing is there.
I got allotment, listing on 23 March can we sell in greay market any one about how to sell in greay market and what prediction?
Very Fair Allotment.
This forum Looks fair Forum…..Imandari dikh rahi hai…..
shares dikh nahi rahe demate account me, allot to huye
I got allotment, is this good to have long term or sell on listing? can any body suggest?
I think its good for both the purposes either you sell all,some or hold for long term.
Today is listing day. The day is not good as trade war. Global markets are down 1.5%. Traders sell as u get profit. Long term investor needs to be invested for a year atleast for 8-10% gain.
So SELL as u get opportunity.
Bad day for listing, may god save investors…