Garden Reach Shipbuilders & Engineers Limited IPO
Mainboard
₹ 14160 /120 Shares
24 Sep, 2018
Open Date01 Oct, 2018
Close Date08 Oct, 2018
Allotment Date10 Oct, 2018
Listing DateIPO Issue Details
- Issue Price Rs 114/- to Rs 118/- Per Equity Share ( Rs 5/- discount for RII and Employees)
- Face Value Rs 10 Per Equity Share
- Issue Price Offer for Sale of 2,00,46,600 Equity Shares of Rs 10/- each at price of Rs 114/- to Rs 118/- aggregating up to Rs 236.55 Cr
- Listing at NSE, BSE ( B - Group )
- Lead Manager Yes Securities (India) Limited and IDBI CAPITAL MARKETS & SECURITIES LIMITED
- Registrar ALANKIT ASSIGNMENTS LIMITED
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹114 - 118 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from Sep 24, 2018 and ends on Oct 1, 2018. The allotment for IPO will be finalized on Oct 8, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 10, 2018. The company shall list its equity shares on the NSE, BSE ( B - Group ). ALANKIT ASSIGNMENTS LIMITED is the registrar of the issue.
The book-running lead manager for the IPO is/are Yes Securities (India) Limited and IDBI CAPITAL MARKETS & SECURITIES LIMITED.
The IPO sets its price band at 114 - 118 for each share. A single application for Garden Reach Shipbuilders & Engineers Limited IPO must contain at least 120 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,43,19,000 | 42,95,700 | 1,00,23,300 | 2,92,10,760 |
|
Day 1
24-09-18
|
0 x | 11,640 0.00 | 3,87,960 0.04 x | 4,02,720 0.02 x |
|
Day 2
25-09-18
|
0 x | 15,840 0.00 | 9,22,080 0.09 x | 9,49,800 0.03 x |
|
Day 3
26-09-18
|
1,74,57,480 1.22 x | 21,360 0.00 | 21,65,520 0.22 x | 1,97,15,760 0.67 x |
|
Day 4
27-09-18
|
1,74,57,480 1.22 x | 12,92,520 0.30 | 22,34,160 0.23 x | 2,10,60,000 0.72 x |
|
Day 5
28-09-18
|
2,59,32,000 1.82 x | 12,92,520 0.30 | 22,83,960 0.23 x | 2,95,85,400 1.01 x |
|
Day 6
01-10-18
|
2,59,32,000 1.82 x | 13,15,080 0.30 | 24,30,240 0.24 x | 2,97,58,920 1.02 x |
Valuations
IPO - Issue Objectives
To carry out the disinvestment of 2,00,46,600 Equity Shares by the Selling Shareholder.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| IndoStar Capital Finance Ltd | 2.17 | 24.73 | 11.08% | 719.92 |
| L&T Finance Holdings Ltd | 3.34 | 33.20 | 11.44% | 314.89 |
| Piramal Enterprises Ltd | 3.01 | 35.90 | 8.41% | 8737.40 |
| Aditya Birla Capital Ltd | 2.98 | 25.15 | 8.04% | 5885.87 |
| Capital First Ltd | 2.72 | 25.12 | 10.37% | 2800.86 |
| Shriram Trasport Finance Co. Ltd | 3.23 | 28.90 | 11.17% | 10,904.47 |
| Sundaram Finance Ltd | 4.09 | 28.79 | 14.19% | 5633.21 |
| Cholamandalam Investment and Finance Company Ltd | 6.28 | 37.77 | 16.63% | 4696.85 |
| Repco Home Finance Ltd | 3.51 | 21.50 | 16.32% | 1045.89 |
IPO - FAQs
Ans. Garden Reach Shipbuilders & Engineers Limited IPO is a Mainboard IPO. The issue is priced at Rs 114/- to Rs 118/- Per Equity Share ( Rs 5/- discount for RII and Employees). The minimum order quantity is 120 Shares. The IPO opens on Sep 24, 2018, and closes on Oct 1, 2018. ALANKIT ASSIGNMENTS LIMITED is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( B - Group ).
Ans. The Garden Reach Shipbuilders & Engineers Limited IPO opens on Sep 24, 2018 and closes on Oct 1, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Garden Reach Shipbuilders & Engineers Limited IPO is Offer for Sale of 2,00,46,600 Equity Shares of Rs 10/- each at price of Rs 114/- to Rs 118/- aggregating up to Rs 236.55 Cr.
Ans. The Garden Reach Shipbuilders & Engineers Limited IPO price band is set between Rs 114/- to Rs 118/- Per Equity Share ( Rs 5/- discount for RII and Employees).
Ans. To apply for Garden Reach Shipbuilders & Engineers Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Garden Reach Shipbuilders & Engineers Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Garden Reach Shipbuilders & Engineers Limited IPO is Oct 8, 2018.
Ans. The Garden Reach Shipbuilders & Engineers Limited IPO will be listed on Oct 10, 2018.
Ans. Follow the steps to check the Garden Reach Shipbuilders & Engineers Limited IPO allotment status online.
