Bharat Dynamics Ltd IPO

Incorporated in 1970, Bharat Dynamics Ltd is Hyderabad  based wholly-owned GoI Company engaged in the manufacture of surface to Air missiles (SAMs), Anit-Tank Guided Missiles(ATGMs), underwater weapons, launchers, countermeasures and test equipment. Bharath Dynamic have 3 manufacturing facilities located in Hyderabad , Bhanur and Visakhapatnam.

Company is the sole supplier of SAMs and ATGMs. Company is also the sole supplier of SAMs and  ATGMs to the Indian armed forces. Additionally, Company is engaged in business  refurbishment  and life extension of missiles manufactured. Company is intend to offer products such as AKASH SAM light weight torpedoes and counter measure dispensing system to  the international markets in near  future.

Bharat Dynamics have over 3165 full-time employees, which includes 863 engineers.

Competitive Strengths

  1. Modern Facilities and infrastructure to deliver quality products in timely manager.1616803
  2. Increase in indigenisation of our products and implementation of the Make in India policy
  3. Strong order book and established financial track record of delivering growth.

 

Company Promoters:

The promoter  of the company is the  president of India acting through the Ministry of Defence.  Promoter along with its nominees, currently holds 100% of the pre-Offer Equity share capital of the company.

Company Financials:

Particulars For the year/period ended (in Rs. million)
  31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 86,007.92 96,406.32 84,119.70
Total Revenue 51,980.73 46,013.75 32,532.28
Profit After Tax 4,903.19 5,620.69 4,435.48

 

Objects of the Issue:

The objects of the Offer are:

  1. to carry out the disinvestment of [●] Equity Shares by the Selling Shareholder;
    2. to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

 

Issue Detail:

»»  Issue Open: Mar 13, 2018 – Mar 15, 2018
»»  Issue Type: Book Built Issue IPO
»»  Issue Size: 22,451,953 Equity Shares of Rs 10 aggregating up to Rs 960.94 Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 413 – Rs 428 Per Equity Share
»»  Market Lot: 35 Shares
»»  Minimum Order Quantity: 35 Shares
»»  Listing At: BSE, NSE

Retail & Employee Discount

A discount of Rs 10 per equity share on offer price is offered to retail and employees.

Lead Managers : IDBI CAPITAL MARKETS & SECURITIES LIMITED
SBI CAPITAL MARKETS LTD.

IDBI CAPITAL MARKETS & SECURITIES LIMITED
SBI CAPITAL MARKETS LTD.
YES SECURITIES (INDIA) LTD.
YES SECURITIES (INDIA) LTD.