Garden Reach Shipbuilders IPO bidding started from September 24, 2018 and ended on October 1, 2018.
Garden Reach Shipbuilders IPO price band is set at ₹114 to ₹118 per share. The minimum lot size for an application is 120 Shares. The minimum amount of investment required by retail investors is ₹14,160. Garden Reach Shipbuilders IPO is a book-built issue of Rs 344.69 crores.
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Bidding Dates
Sep 24- Oct 1
Price Range
₹114 to ₹118 per share
Face Value
₹10 per share
GMP
₹NA
Garden Reach Shipbuilders IPO GMP
The Garden Reach Shipbuilders IPO GMP is ₹NA.
IPO Overview
Garden Reach Shipbuilders IPO is a book built issue of Rs 344.69 crores.
Garden Reach Shipbuilders IPO bidding started from September 24, 2018 and ended on October 1, 2018. The allotment for Garden Reach Shipbuilders IPO was finalized on Monday, October 1, 2018. The shares got listed on BSE, NSE on October 10, 2018.
Garden Reach Shipbuilders IPO price band is set at ₹114 to ₹118 per share. The minimum lot size for an application is 120 Shares. The minimum amount of investment required by retail investors is ₹14,160.
Garden Reach Shipbuilders IPO Details
| IPO Date | September 24, 2018 to October 1, 2018 |
| Listing Date | October 10, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹118 per share |
| Lot Size | 120 Shares |
| Total Issue Size | 29,210,760 shares (aggregating up to ₹344.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Garden Reach Shipbuilders Company Financials
| Particulars | For the year/period ended (in Rs. Millions) | |||
| 30-Sep-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Total Assets | 46,999.32 | 45,650.04 | 44,514.94 | 40,009.76 |
| Total Revenue | 58,583.93 | 11,579.57 | 18,467.47 | 16,391.63 |
| Profit After Tax | 180.69 | 122.32 | 1,620.47 | 517.28 |
Garden Reach Shipbuilders IPO Listing Details
| Listing Date | October 10, 2018 |
| BSE Script Code | 542011 |
| NSE Symbol | GRSE |
| ISIN | INE382Z01011 |
| Final Issue Price | ₹118 per share |
Company Profile
Incorporated in 1913, Garden Reach Shipbuilders & Engineers Limited is a Mini Ratna-Category I company engaged in shipbuilding company under the administrative control of the MoD.
The company primarily adheres to the requirements of the Indian Navy and the Indian Coast Guard. It is also engaged in engineering and engine production activities and manufactures deck machinery items, pre-fabricated portable steel bridges, and marine pumps.
Garden Reach Shipbuilders has three separate facilities for shipbuilding, located in Kolkata, India. The ships are built at the Main Works Unit and the Rajabagan Dockyard. The third facility is mainly used for fitting out and repair of ships.
The Company has many firsts to its credit in the Indian shipbuilding industry. It is the first Indian shipyard to integrate carbon composite superstructure with steel hull for the construction of the third ASW Corvette for the Indian Navy.
Registrar Info
| Name | Alankit Assignments Ltd |
| Phone number | (011) 4254 1234 |
| Email ID | info@alankit.com |
| Website | ipo.alankit.com |
Contact Details
| Name | Garden Reach Shipbuilders |
| Phone number | 033-2469 8545 |
| Email ID | co.sec@grse.co.in |
| Website | grse.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
