Bharat Dynamics IPO:GMP, Issue Size, Issue Price and Important dates

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Bharat Dynamics IPO is engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment and is all set to make a debut in the stock market with an issue size of 960.94 Cr.  

Bharat Dynamics IPO – Overview    

 Issue Date           13-15 March 2018 
IPO Opening Date           13 March 2018 
IPO Face Value           INR 10 per share           
IPO Price           INR 428 per share          
IPO Lot Size           35 Shares          
Issue Size           960.94 Cr      
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             1.50 times 
NII (HNI) Shares           0.50 times 
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.  
Karda Construction IPO

BHARAT DYNAMICS IPO -Tentative Dates           

IPO opening date           13 March 2018  
IPO closing date           17 March 2018  
Basis of Allotment           19 March 2018 
Initiation of Refunds           21  March 2018 
The credit of Shares to Demat          22 March 2018 
IPO Listing Date           23 April 2018 
Karda Construction IPO

Company Overview    

Bharat Dynamics Ltd is Hyderabad based wholly owned GoI company engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Bharat Dynamic has three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam. 

Company is the sole manufacturer in India for SAMs, torpedoes and ATGMs. Company is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Additionally, the company is engaged in the business of refurbishment and life extension of missiles manufactured. The company intends to offer products such as Akash SAM, light weight torpedoes and countermeasure dispensing system to the international markets in the near future. 

Industry Overview    

India’s defence trade exports and imports are at two ends of a continuum with a massive trade deficit skewed against Indian indigenous production. The Stockholm International Peace Research Institute (SIPRI) Arms Transfer Database indicates that India has remained the largest importer of defence equipment in the 2012-16 timeframe with its share in global arms imports increasing from 9.7 % in 2007–11 to 12.8 % in 2012-16.  Compared to this, India’s arms exports contribute to only an infinitesimally small fraction of global arms trade.  The fact that Indian defence exports over the past 5 years totaled to only about $ 751.8 Million (at a conversion rate of 1 INR = 0.016 $), whilst world defence trade over the same time was $ 8379 Billion puts India’s miniscule defence output in perspective. 


  • To carry out the disinvestment of Equity Shares by the Selling Shareholder. 
  • To achieve the benefits of listing Equity Shares on the Stock Exchanges. 

Financial Statements          

Particulars          31-March-17 31-Mar-16   31-Mar-16 
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 


  • Modern facilities and infrastructure to deliver quality products in a timely manner. 
  • Increase in indigenization of our products and implementation of the ‘Make in India’ policy. 
  • Strong order book and established financial track record of delivering growth. 

Company Contact Information 

Bharat Dynamics Ltd 
Hyderabad � 500 058 
Phone: +91 40 2434 4979 


Alankit Assignments Ltd 
Phone: (011) 4254 1234 

Lead Manager(s) 

  1. IDBI Capital Market Services Limited (Past IPO Performance) 
  1. SBI Capital Markets Limited (Past IPO Performance) 
  1. Yes Securities (India) Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 


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