The government is looking to sell a part of its stake in the missile maker to raise Rs 960 crore. It is Mini Rathna (Category-1) categorised by GOI. Bharat Dynamics IPO is a main-board IPO of 22,451,953 equity shares of the face value of ₹10 aggregating up to ₹960.94 Crores. The defense manufacturer Bharat Dynamics IPO comprises of offer of sale at a price band of Rs 413-428 per share for the Rs 960.94 crore. Alankit Assignments Ltd is the registrar for the IPO. Bharat Dynamics IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. The IPO of Bharat Dynamics, a maker of guided weapon systems, will comprise about 12% of its share capital. ), Issue Size: 22,451,953 Equity Shares, (Entirely Offer for sale including Employee reservation of 458,203 eq sh), Offer Size: Rs927.27cr - … Bharat Dynamics Ltd IPO. We can help you save between 60% to 90% brokerage fee & taxes. Bharat Dynamics Limited (BDL) - a Government of India Enterprise - is planning to raise INR 960.94 Cr via initial public offer (IPO) Thank god this time only one lot. It offers surface to air missiles, anti-tank guided missiles, underwater weapons, launchers, countermeasure dispensing systems, anti-torpedo decoy launching systems, submarine fired decoy systems, and test equipment. Related Story. Incorporated in 1970, Bharat Dynamics Ltd is a Hyderabad-based wholly-owned Government of India (GoI) company engaged in the manufacturing of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater … Cash Flow Statement: The company has inconsistence cash flows in the last 3 years which is negative for the business to grow in future. newipo Send an email March 10, 2018. Incorporated in 1970, Bharat Dynamics Ltd is a Hyderabad-based wholly-owned Government of India (GoI) company engaged in the manufacturing of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater … Hi, this is a comment. ASBA IPO application is available in the net banking of your bank account. MUMBAI: The government is planning to sell 15% stake in defence company Bharat Dynamics through an offer for sale on 8 and 9 September. 413 – Rs. Bharat Dynamics shares open 15.9% lower at Rs360 against the issue price of Rs428 on BSE on market debut after its IPO witnessed an overall subscription of 1.3 times Bharat Dynamics Ltd IPO (BDL IPO) Details: Bharat Dynamics Limited manufactures and sells guided missiles and allied defense equipment in India. He he sab chuhe h... ek din market kya gira sab sell sell kar rahe h... ruko jara do chaar din so no one applying hdfc icici ipos now... sandhar me kya bolte h experts gmp gmp kaha gaya, Those who have applied , cancell all application of mishra dhatu nigam ltd. MDNL, © 2020 Chittorgarh Infotech Pvt Ltd. All Rights Reserved. Well You’re in the right place! The ₹900 crore offer for sale of the government shares in Bharat Dynamics received an overwhelming response on day one and was subscribed 1.40 times by non- … Promoters of Bharat Dynamics – The President of India, Acting through the Ministry Of Defence, Government of India. Further, the Company was converted to a public limited company on October 27, 2017. Price Band. The company was trading at … The initial public offering of Bharat Dynamics opened on Tuesday with a price band of ₹413-428 per share. Bharat Dynamics Ltd IPO (BDL IPO) Details: Bharat Dynamics Limited manufactures and sells guided missiles and allied defense equipment in India. 428 Per Equity Share. Founded in 1970, it has over four decades of experience in manufacturing missiles and countermeasures and its allied equipments. Bharat Dynamics IPO is a main-board IPO of 22,451,953 equity shares of the face value of ₹10 aggregating up to ₹960.94 Crores. Long awaited Bharat Dynamics IPO would open for subscription on 13 th March, 2018. The Company has been awarded various prestigious awards such as Raksha Mantri`s institutional award for “Excellence” in performance for the year 2014-15 and the group / individual award in the “Innovation Category” for the year 2014-15, in recognition of its consistent growth and adaptation and the PSE Excellence Award – 2015 by the Indian Chamber of Commerce in the Miniratna category for operational performance excellence. Bharat Dynamics and Thales have signed a Teaming Agreement to work in partnership on the STARStreak Air Defence system with the support of both the Governments of India and the United Kingdom. In IPO, one can make profit by investing only in companies where one have a deep conviction - "yes it can sail thru all turbulence". Bharat Dynamics IPO: Ten Things To Know 1. Bharat Dynamics rose 3.32% to Rs 356.70 after the company said it has bagged orders worth Rs 632.88 crore. Bharat Dynamics Limited IPO Review and Recommendation at InvestorZone. IPO Note - Bharat Dynamics Limited (BDL) Issue Open: Mar 13 - Mar 15, 2018, Price Band: Rs 413 - 428 (A discount of Rs 10 per eq sh offered to retail and employees. 3. 413 to Rs. Check out why Bharat Dynamics share price is up today. A retail-individual investor can apply for up to 13 lots (455 shares or ₹194,740). Hope also this trend will continue in coming week. Bharat Dynamics IPO is a main-board IPO of 22,451,953 equity shares of the face value of ₹10 aggregating up to ₹960.94 Crores. All manufacturing facilities have ISO 14001:2004 certifications from TUV India Private Limited. The company has set a price range of Rs 413 to 428 per share for the public issue. : Disinvestment of 22451953 shares by the selling shareholders. The minimum order quantity is 35 Shares. Bharat Dynamics Ltd IPO Review: In the last few years the company has posted steady profits as per the financial data. The IPO’s net proceeds are expected to be used as described below: Bharat Dynamics Limited was incorporated as a private limited company on July 16, 1970 as “Bharat Dynamics Private Limited”. The Bharat Dynamics IPO listing date is on. UPI IPO application is offered by brokers who don't offer banking services. The IPO will close on Mar 15th, 2018. The price range of the issue is Rs 413 and 428. The IPO opens on Mar 13, 2018, and closes on Mar 15, 2018. IPO Snapshot: Bharat Dynamics is entering the primary market on Tuesday 13 th March 2018 with an offer for sale (OFS) of up to 2.25 crore equity shares of Rs. In this article, You’ll find all the latest Information about Initial Public Offering (IPO), Follow on Public Offering (FPO), Last 15 Years of IPO History, and many more.. Incorporated in 1970, 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. The President of India acting through the Ministry of Defence, granted the Company the status of `Category I Miniratna Company`. The maximum application of amount for retail investor stood at Rs. As soon as promoters decided about the divestment, they had started milking the crown jewel to a good extent before any stake is sold slightly to public. Hilarious..waiting for HAL and MDNL..:-)..! Bharat Dynamics shares open 15.9% lower at Rs360 against the issue price of Rs428 on BSE on market debut after its IPO witnessed an overall subscription of 1.3 times The IPO opens on Mar 13, 2018, and closes on Mar 15, 2018. The minimum order quantity is 35 Shares per application and the offer type is Book Built Issue. It offers surface to air missiles, anti-tank guided missiles, underwater weapons, launchers, countermeasure dispensing systems, anti-torpedo decoy launching systems, submarine fired decoy systems, and test equipment. Bharat Dynamics IPO is a main-board IPO of 22,451,953 equity shares of the face value of ₹10 aggregating up to ₹960.94 Crores. ), Issue Size: 22,451,953 Equity Shares, (Entirely Offer for sale including Employee reservation of 458,203 eq sh), Offer Size: Rs927.27cr - … The lot size of applying Bharat Dynamics IPO is for 35 shares. 10 each by Government of India, in the price band of Rs.413 to Rs. The IPO of MTAR Technologies is estimated to fetch Rs 600-650 crore. The Company currently has three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam. Bharat Dynamics Limited Share Price Today, Live NSE Stock Price: Get the latest Bharat Dynamics Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. The floor price is 41.3 times the face value and the cap price is 42.8 times the face value while the … The issue will close on 15th March 2018. 413- Rs. The share price of Bharat Dynamics gained nearly 2 per cent on Wednesday after it announced of receiving order worth ₹632.88 crore. Through the OFS, the Government of India proposes to sell 1,83,28,125 equity shares, constituting 10% paid-up share capital of the company, with an option to sell an additional 91,64,063 equity shares or 5% stake (oversubscription option). 960 Crore IPO. A discount of Rs 10 per equity share on offer price is offered to retail and employees. 428 a share and will open on March 13th, 2018. Your email address will not be published. CIN:L24292TG1970GOI001353 Bharat Dynamics share price live updates on The Economic Times. Will Antony Waste IPO see least impressive debut in recent times? Find Bharat Dynamics Live Share Price in NSE & BSE here. The minimum order quantity is 35 Shares per application and the offer type is Book Built Issue. ), Issue Size: 22,451,953 Equity Shares, (Entirely Offer for sale including Employee reservation of 458,203 eq sh), Offer Size: Rs927.27cr - … It is also the co-development partner with the DRDO for the next generation of ATGMs and SAMs. Bharat Dynamics Ltd IPO Review: In the last few years the company has posted steady profits as per the financial data. The Company is a wholly-owned GoI company headquartered in Hyderabad and under the administrative control of the MoD, GoI and was conferred the `Mini-ratna (Category -1)` status by the Department of Public Enterprises, GoI. Subsequent to the abolition of Section 43A of the Companies Act, 1956, with effect from December 13, 2000, Company again became a private limited company. Bharat Dynamics IPO details: Subscription Dates: 13 – 15 March 2018: Price Band: INR413 – 428 per share (discount of INR10 per share for retail investors) IDBI Capital, SBI Capital and Yes Securities are joint bookrunners on the IPO. Strong demand ipos won't be affected..but bdl had alrdy very less demand and today freefall of market contributed to it's weaknes.. Don't worry about markets, do monthly sip, of 5k, on when mkt is low of the month (prediction is difficult, but approximately) can add. Check Bharat Dynamics IPO Allotment Status, Your email address will not be published. IPOs are purely for long term and patient investment and not for short term results. The Promoter of the company is the President of India acting through the Ministry of Defence. It is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Cookies remember you so we can give you a better online experience. The public issue subscribed 1.37x in the retail category, 1.50x in the QIB category, and 0.50x in the NII category. Strong order book and established financial track record of delivering growth. IDBI Capital, SBI Capital and Yes Securities are joint bookrunners on the IPO. Phone: +91 40 2434 4979 To check the status of Bharat Dynamics IPO Allotment, please visit the following page: The shares of Bharat Dynamics IPO will be listed on the BSE and NSE Stock Exchange on. 960 Crore IPO. As per the financial data, the company is enjoying earnings per share of 40.13 at the end of the financial year 2017. 10 per share retail and employee discount. 602 A, 6th Floor,Senapati Bapat Marg,Elphinstone Road, Mumbai 400013, Website:  http://www.yesinvest.inEmail:  igc@yessecuritiesltd.inPhone: +91 22 3347 9688Fax: +91 22 2421 4508, Alankit House 2E/21,Jhandewalan Extension,New Delhi – 110055, Phone: (011) 4254 1234Email: bdl_ipo@alankit.comWebsite: https://www.alankit.com/. Nil. Get latest IPO News at Axis Direct. The defence public sector company has fixed the price band between Rs 413 and Rs 428 per equity share for its IPO to raise around Rs 960 crore. A bitter, but valuable lesson learnt today. Bharat Dynamics Limited IPO Review and Recommendation at InvestorZone. At 09:24 hrs Bharat Dynamics Ltd. was quoting at Rs 353.95, up Rs 8.90, or 2.58 percent on the BSE. Bharat Dynamics secures new orders worth Rs 632.88 crore 06-Jan-2021 ( 09:26 ) Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank. ], and the allotted shares will be credited to your demat account by [.]. Bharat Dynamics IPO is sized at a ₹900 Crore plus value with its IPO price band in the range of ₹413 to ₹428. Bharat Dynamics IPO Grey Market Premium is trading between Rs … Bharat Dynamics Limited IPO is offered in a price band of Rs. The Company is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Initial Public Offer (IPO), is the first sale of shares by a privately-owned company to the public. The issue price of the IPO is ₹413 to ₹428 Per Equity Share.    Alankit House 2E/21, 5 – Rs.10 hovering on this issue. Bharat Dynamics Ltd (BDL), the Hyderabad based wholly-owned GoI company, as a part of disinvestment is coming up with Rs. Nation Building Contribution Part 2 will be seen in HAL and yes it is still going on in MishraJi's Dhathu Nigam subscribtion:)☺. Please contact the registrar with any queries related to stock allotment or refund related issues. 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