Garden reach shipbuilders & engineers Ipo is a Mini Ratna-Category I company engaged in shipbuilding company and is all set to make a debut in the stock market with an issue size of 344.69 Cr.
Overview
| Issue Date | Sept 24- Oct 1 2018 |
| Garden reach shipbuilders & engineers Ipo Opening Date | 24 Sept 2018 |
| Garden reach shipbuilders & engineers Ipo Face Value | INR 10 per share |
| Garden reach shipbuilders & engineers Ipo Price | INR 118 per share |
| Garden reach shipbuilders & engineers Ipo Lot Size | 120 Shares |
| Issue Size | 344.69 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 1.81 times |
| NII (HNI) Shares | 0.31 times |
| Company Promoters | The Promoter of the company is the President of India, acting through the Ministry of Defence. The Promoter, along with its nominees, currently holds 100% of the pre-Offer paid-up Equity Share capital of the Company. |
Important Dates
| IPO opening date | 24 Sept 2018 |
| IPO closing date | 1 Oct 2018 |
| Basis of Allotment | 1 Oct 2018 |
| Initiation of Refunds | 3 Oct 2018 |
| The credit of Shares to Demat | 3 Oct 2018 |
| Listing Date | 5 Oct 2018 |
Company Overview
Garden Reach Shipbuilders & Engineers Limited is a Mini Ratna-Category I company engaged in shipbuilding under the administrative control of the MoD.
The company primarily adheres to the requirements of the Indian Navy and the Indian Coast Guard.
Garden Reach Shipbuilders has three separate facilities for shipbuilding, located at Kolkata, India. The ships are built at the Main Works Unit and the Raja Bagan Dockyard. The third facility is mainly used for fitting out and repair of ships.
Industry Overview
The total shipbuilding capacity in India has expanded at a CAGR of 2.8% between FY2011 and FY2017.
The private sector accounts for nearly two-third of the total shipbuilding capacity with private sector shipyard, RNEL, having the largest capacity in India. Among the public sector shipyards, CSL has the highest capacity followed by HSL.
Objectives
- Carry out the disinvestment of Equity Shares by the Selling Shareholder.
- Achieve the benefits of listing Equity Shares on the Stock Exchanges.
Financial Statements
| Particulars | For the year/period ended (in Rs. Millions) | |||
| 30-Sep-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15(Proforma) | |
| Total Assets | 46,999.32 | 45,650.04 | 44,514.94 | 40,009.76 |
| Total Revenue | 5,8583.93 | 11,579.57 | 18,467.47 | 16,391.63 |
| Profit After Tax | 180.69 | 122.32 | 1,620.47 | 517.28 |
Strengths
- Strong Order Book of Rs 208,033.60 million as on February 28, 2018.
- Make in India initiative gives Significant advantage.
- Offers diversified products and services.
- Modern infrastructure with integrated shipbuilding capabilities.
Company Contact Information
Garden Reach Shipbuilders & Engineers Limited
43/46 Garden Reach Road
Kolkata – 700 024
West Bengal, India
Phone: 033-2469 8545
Email: co.sec@grse.co.in
Website: http://www.grse.in/
Registrar
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: info@alankit.com
Website: https://www.alankit.com/
Lead Manager(s)
- IDBI Capital Market Services Limited (Past IPO Performance)
- Yes Securities (India) Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
