Bharat Dynamics Limited 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. It is the sole manufacturer in India for SAMs, torpedoes, ATGMs (Source: F&S Report).

The Company is also the sole supplier of SAMs and ATGMs to the Indian armed forces (Source: F&S Report). Additionally, it is also engaged in the business of refurbishment and life extension of missiles manufactured.

Bharat Dynamics Limited IPO - Issue Details:

Issuer Bharat Dynamics Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Mar 13, 2018;
Issue Closes: Mar 15, 2018
Price Brand Rs.413 - Rs.428 per Equity Share
Issue Size(Rs.) 2,24,51,953 Equity Shares (Rs. 927.29* Cr - Rs. 960.94^ Crs)
Face Value Rs.10 per Equity Share
Bit Lot 35 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size (Rs. 454.19* Cr - 470.67^ Cr)
NIB 15% of the issue size (Rs.136.26*Cr - 141.20^ Cr)
Retail Individual Bidders 35% of the issue size (Rs.317.93*Cr - 329.47^ Cr)
Employee Reservation Rs. 18.92* Cr - Rs. 19.61^ Cr
Retail & Employee Discount Rs.10/-per Equity Share
Mode of Payment ASBA Mandatory (No Cheque will be accepted)
Registrar Alankit Assignments Limited
Listing NSE & BSE
Book Running Lead Managers SBI Capital, IDBI Capital & Yes Securities

* Lower price band; ^ Upper price band

Key Strategies:

  • Modern facilities and infrastructure to deliver quality products in a timely manner.
  • Increase in indigenisation of our products and implementation of the 'Make in India' policy.
  • Strong order book and established financial track record of delivering growth.




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