Garden Reach Shipbuilders IPO Biding Information

IPO Listing from India Stock Market

IPO Details

 IPO - Latest IPOs in Indian Stock Market

Garden Reach Shipbuilders

Garden Reach Shipbuilders IPO overview - Garden Reach Shipbuilders is a shipbuilding company in India under the administrative control of the MoD and primarily adheres to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to ship and warship building capabilities, the company is engaged in engineering and engine production activities. As a part of its engineering division, it manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Its shipbuilding division contributes the maximum to revenue from operations and accounted for 81.23% and 75.10% of gross revenues from operations for the six months ended 30 September 2017 and 12 months ended 31 March 2017.

In last 5 decades, it has built and delivered more than 750 vessels ranging from small to large and advanced vessels to carry men and materials as well as for the surveillance of the coast line. The company has 3 separate facilities for shipbuilding, all of which are located in close vicinity of each other at Kolkata. It builds ships at the Main Works Unit and the Rajabagan Dockyard. The third facility, the FOJ Unit is primarily used for fitting out and repair of ships. The company acquired the Rajabagan Dockyard from Central Inland Water Transport Corporation Limited in the year 2006. The DEP Unit (Diesel Engine Plant) in Ranchi is engaged in the testing and overhauling of marine propulsion engines and assembly of semi-knocked down units of diesel engines.

Garden Reach Shipbuilders IPO Brief
Issue Opens 24 Sep 18 Price Band : 114 - ₹118
Issue Closes 01 Oct 18 Bid Lot 120 Shares
Listing At BSE, NSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 28638000 25932000 1.8153
Non Institutional Investors 8591400 1315080 0.3049
Retail Individual Investors(RIIs) 20046600 2430240 0.2385
Employee Reservation 1145520 81600 0.1463
Total

Total No.of Application Approx : ~

Retail Subscription on the basis of Apps :

Issue Terms

Issue price / Floor Price (Rs) 114-118
Application per share (Rs) 118
Minimum bid (no of shares) 120
Maximum Shares for Retail 120

Issue Date and Sizes

Issue opens 24 Sep 18
Issue closes 01 Oct 18
Listing on 05 Oct 18
Issue size (Rs cr) 344.69

FAQs

  • When is Garden Reach Shipbuilders IPO coming?

    The Garden Reach Shipbuilders IPO opens on 24 Sep 18 and closes on 01 Oct 18.

  • What is Garden Reach Shipbuilders IPO timetable?

    Garden Reach Shipbuilders IPO tentative timelines are as below.

    • Public Issue Open: 24 Sep 2018
    • Public Issue Close: 01 Oct 2018
  • What is Garden Reach Shipbuilders IPO closing time?

    Garden Reach Shipbuilders IPO will close for subscription at Oct 01, 2018 12:00:00 AM.

-

News Updates

-

Basis of Allotment

-