IPO

Bharat Dynamics Ltd IPO

Mainboard

Offer Date: Mar 13, 2018 - Mar 15, 2018

₹ 14980 /35 Shares

13 Mar, 2018

Open Date

15 Mar, 2018

Close Date

21 Mar, 2018

Allotment Date

23 Mar, 2018

Listing Date
IPO Issue Details
  • Issue Price Rs 413 - Rs 428 Per Equity Share (Rs 10 discount to RII and Employees) 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Offer for Sale 2,24,51,953 Equity Shares of Rs 10 at price of Rs. 413 - Rs. 428 with aggregating up to Rs 960.94 Cr
  • Listing at NSE, BSE
  • Lead Manager IDBI Capital Market Services Limited, SBI Capital Markets Limited and Yes Securities (India) Limited
  • Registrar Alankit Assignments Ltd
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹413 - 428 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Mar 13, 2018 and ends on Mar 15, 2018. The allotment for IPO will be finalized on Mar 21, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 23, 2018. The company shall list its equity shares on the NSE, BSE. Alankit Assignments Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are IDBI Capital Market Services Limited, SBI Capital Markets Limited and Yes Securities (India) Limited.


The IPO sets its price band at 413 - 428 for each share. A single application for Bharat Dynamics Ltd IPO must contain at least 35 shares.

Read More
IPO Subscription Analysis And Details
Retail
1.41x
QIB
1.50x
NII
0.51x
Total
1.30x
As on QIB NII Retail Total
Shares Offered / Reserved 1,09,96,874 32,99,063 76,97,813 1,40,00,000
Day 1 13-03-18
0.50 x 0.02 0.21 x 0.32 x
Day 2 14-03-18
0.50 x 0.07 0.57 x 0.46 x
Day 3 15-03-18
1.50 x 0.51 1.41 x 1.30 x
Valuations
Earnings Per Share (EPS) Rs 26.36
P/E Ratio 16.23
RoNW 22.16%
Net Asset Value (NAV) - After Issue Rs 88.96
IPO - Issue Objectives
1

Offer for SaleCompany will not receive any proceeds from the Offer for Sale. The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of Equity Shares by the Selling Shareholders.