GRSE-IPO-ELITE-IMGGarden Reach Shipbuilders & Engineers Limited will get listed soon on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. Investors can fetch important information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulator SEBI (Securities Board of India). The IPO is scheduled for Sep 24, 2018 with a price band of Rs. 115- Rs.118 per equity share. The lot size of applying the IPO is for 120 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

The company was incorporated  on 1913 at Kolkata, India. It is a shipbuilding company as promoted by Ministry of Defense and committed to fulfill the requirements of the Indian Navy and the Indian Coast Guard. The firm manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. The shipbuilding product line spans from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. It offers ships including medium to large and advanced vessels like frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, fleet replenishment tankers, fast patrol vessels, offshore patrol vessels, inshore patrol vessels, WJ-FAC, hover crafts and fast interceptor boats to the Indian Navy, Indian Coast Guard, MHA and Governments of other countries. The company has delivered approx. 750 vessels for Surveillance of the coast line.

 The company operates and manufactures its shipbuilding projects through its three set of facilities which is located in Kolkata, India. The engineering segment of the firm built and fabricate portable steel bridge, deck machineries of ships and marine pumps. It is the first Indian shipyard company to integrate carbon composite superstructure with steel hull for the construction of its third ASW Corvette for the Indian Navy which helps to reduce the weight and increase the stability of the ships.

Positive Outlook of the Firm:-

  1. Offers quality products having strong manufacturing platform and Integrated Shipbuilding facilities,
  2. Believe in End-to-End Solutions,
  3. Maintain its valuable relationships with Indian Navy and Indian Coast Guard,
  4. Strong Order Book and Financial records,
  5. It is Qualified for the Make in India Initiative under the DPP,
  6. Portable bridges, deck machinery items, pumps and engines are its diversified products,
  7. Qualified and experienced management and working team.

Objects Of The Issue:-

The object of the offer are:

  • To carry out the disinvestment of 29,210,760 Equity Shares by the Selling Shareholder;
  • To avail the advantage of listing the Equity Shares on the Stock Exchanges.
  • It will not get any proceeds from this Offer and all proceeds shall go to the Selling Shareholder.

Summary Of Issue:

Issue Open:- Sep 24, 2018, Sep 26,2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) 20,046,600 Equity Shares of Rs. 10 (aggregating up to Rs. 236.55 Cr)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [115-118] Per Equity Share
Market lots 120 Shares
Minimum Order Quantity 120 Shares
Listing At BSE, NSE

(*) indicates to be updated


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Garden Reach Shipbuilders & Engineers Limited IPO Subscription Details

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)
Non Institutional Investors
Retail Individual Investors(RIIs)
Total

will be updated soon


 

Important dates for Garden Reach Shipbuilders & Engineers Limited Allotment Status

Garden Reach Shipbuilders & Engineers Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for Garden Reach Shipbuilders & Engineers Limited IPO are:

  • The Allotment date for Garden Reach Shipbuilders & Engineers Limited IPO issue is expected on October 2, 2018.
  • The amount will get unblocked on October 3, 2018.
  • The Shares are expected to credit in DP accounts on October 3, 2018.
  • The Shares of  Garden Reach Shipbuilders & Engineers Limited  is likely to get listed on October 4, 2018. on both BSE and NSE.

 


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Check Garden Reach Shipbuilders & Engineers Limited IPO Allotment Status

Garden Reach Shipbuilders & Engineers Limited  IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Garden Reach Shipbuilders & Engineers Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Garden Reach Shipbuilders & Engineers Limited Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patience.

 

Download “Garden Reach Shipbuilders & Engineers Limited ” IPO Application Form

From BSE: click here

From NSE: click here

 


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Promoters Of the Company:-

The president of India acting through the Ministry of defence, Government Of India

Financials:-

Particulars For the year/Period ended (Rs. in Millions)  
Financial Year 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Equity & Liabilities 42,602.33 45,666.35 44,538.91 40,009.75
Total Revenue 15,257.50 11,463.12 18,560.56 16,294.43
Total Expenses 13,979.79 11,261.94 16,045.12 15,392.78
Profit After Tax (PAT) 868.06 114.65 1,644.45 517.27


Lead Managers Details:-

1) IDBI Capital Markets & Securities Limited

(Formerly known as IDBI Capital Market Services Limited)
Registered Office: 3 rd Floor, Mafatlal Centre Nariman Point,
Mumbai – 400 021
Tel.: +91-22-4322 1212
Fax: +91-22-2285 0785
Email: ipo.grse@idbicapital.com
Investor Grievance E-mail: redressal@idbicapital.com
Website: www.idbicapital.com
Contact Person: Sumit Singh/ Priyankar Shetty
SEBI Registration No.: INM000010866

2) YES Securities (India) Limited

Registered Office: Unit No. 602A, 6th Floor Tower 1 & 2,
Indiabulls Finance Centre Senapati Bapat Marg,
Elphinstone (West), Mumbai – 400 013
Tel.: +91-22-30126919
Fax: +91-22- 24214508
E-mail: grse.ipo@yessecuritiesltd.in
Investor Grievance E-mail: igc@yessecuritiesltd.in
Website: www.yesinvest.in
Contact Person: Mukesh Garg/ Pratik Pednekar
SEBI Registration No.: INM000012227

Registrar To The Issue:-
Alankit Assignments Limited
Registered Office: Alankit House,
205-208, Anarkali Complex,
Jhandewalan Extension,
New Delhi -110 055
Tel: +91-11-42541234 / 4254 1951/1952
Fax: +91-11-4254 1201
E-mail: grse_ipo@alankit.com
Investor Grievance E-mail: grse_igr@alankit.com
Website: www.alankit.com
Contact Person: Sachin Gupta/ S. Arunraj
SEBI Registration No.: INR000002532

Registered Office Details:- 
43/46 Garden Reach Road,
Kolkata – 700 024,
West Bengal, India;
Contact Person: Sandeep Mahapatra,
Company Secretary and Compliance Officer Tel: 033-2469 8545;
Fax: 033-2469 8150;
Email: co.sec@grse.co.in;
Website: www.grse.in;
Corporate Identity Number: U35111WB1934GOI007891

For More Details Contact us 011-42445800 / 9650901058

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