Bharat Dynamics IPO

Bharat Dynamics IPOBusiness 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 Dates13 - 15 March 2018
Price BandINR413 - 428 per share (discount of INR10 per share for retail investors)
Fresh issueNil
Offer For Sale22,451,953 shares (INR927.27 - 960.94 crore)
Total IPO size22,451,953 shares (INR927.27 - 960.94 crore)
Minimum bid (lot size)35 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Bharat Dynamics' financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017H1 FY2018
Total revenues1,635.72,305.73,253.24,601.45,198.12,190.3
Total expenses1,226.51,763.42,609.33,760.14,465.91,902.2
Profit after tax278.8360.1443.5562.1490.3172.6
Net margin (%)17.015.613.612.29.47.9

Bharat Dynamics Contact Details

Bharat Dynamics Limited 
Plot no.38-39, TSFC Building, Near ICICI Towers
Financial District, Gachibowli
Hyderabad - 500 032

Phone: +91 40 2434 4979
Fax: 
+91 40 2434 0660
Email:
[email protected]
Website: 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[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

CategoryShares offeredSubscription (no. of times)
Day 1Day 2Day 3
QIB10,996,8740.500.501.49
NII3,299,0630.010.070.50
Retail7,697,8130.210.561.36
Employees458,2030.080.180.39
Total22,451,9530.320.451.28

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)

20 thoughts on “Bharat Dynamics IPO

  • March 23, 2018 at 8:24 AM
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    Bad day for listing, may god save investors…

    Reply
  • March 23, 2018 at 7:56 AM
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    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.

    Reply
  • March 22, 2018 at 2:27 PM
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    I got allotment, is this good to have long term or sell on listing? can any body suggest?

    Reply
    • March 22, 2018 at 4:05 PM
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      I think its good for both the purposes either you sell all,some or hold for long term.

      Reply
  • March 22, 2018 at 11:47 AM
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    shares dikh nahi rahe demate account me, allot to huye

    Reply
  • March 22, 2018 at 10:50 AM
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    This forum Looks fair Forum…..Imandari dikh rahi hai…..

    Reply
  • March 22, 2018 at 10:41 AM
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    Very Fair Allotment.

    Reply
  • March 21, 2018 at 10:21 PM
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    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?

    Reply
  • March 21, 2018 at 2:56 PM
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    Shares alloted to me ….Happy to join fundamental Company.

    Reply
    • March 22, 2018 at 4:16 PM
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      where did you checked?I tried to check on sbismart & online sbi site but nothing is there.

      Reply
  • March 21, 2018 at 1:36 PM
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    Allotment happened. Waiting for refund. Hoping for good opening on 23rd March.

    Reply
  • March 21, 2018 at 12:41 PM
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    allotment aaj ho gya

    Reply
  • March 21, 2018 at 10:44 AM
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    Allotment status will be uploaded by EOD today as confirmed with Alankit

    Reply
  • March 21, 2018 at 9:58 AM
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    profity margin is reducing every year as liabilities are more on the psu..may not perform more than 10% on opening

    Reply
  • March 20, 2018 at 3:44 PM
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    koi to bolo

    Reply
  • March 20, 2018 at 12:29 PM
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    allotment hua

    Reply
    • March 21, 2018 at 11:44 AM
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      Aaj ho raha hai allotment and refund both, I just got message and mail from BSE.

      Reply
  • March 14, 2018 at 10:15 AM
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    100 percentage profit confirm

    Reply
  • March 13, 2018 at 6:48 PM
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    Not bad . Listing gain definately. But very sort gain.

    Reply
  • March 8, 2018 at 11:24 PM
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    PE ratio is attractive

    Reply

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