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. |
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 |
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.
Objectives
- 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 |
Strength
- 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
Kanchanbagh,
Hyderabad � 500 058
Phone: +91 40 2434 4979
Email: investors@bdl-india.com
Website: http://www.bdl.india.com
Registrar
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: bdl_ipo@alankit.com
Website: https://www.alankit.com/
Lead Manager(s)
- IDBI Capital Market Services Limited (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)
- Yes Securities (India) Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
