Bharat Dynamics IPO

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 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

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

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)

20 COMMENTS

  1. 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.

  2. 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?

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