Garden Reach Shipbuilders & Engineers Limited IPO (Garden Reach Shipbuilders IPO) Detail
Incorporated in 1913, Garden Reach Shipbuilders & Engineers Limited is a Mini RatnaCategory 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 the engineering and engine production activities and manufactures deck machinery items, prefabricated portable steel bridges, and marine pumps
Garden Reach Shipbuilders has three separate facilities for shipbuilding, located at 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.
It is also the first and the only Indian shipyard to build and subsequently deliver a fleet tanker to the Indian Navy and to build and subsequently deliver a hovercraft to the Indian Coast Guard among others. The shipbuilding division contributes majorly to the company’s revenue from operations. It has contributed 81.23%, 75.10%, 79.09% and 83.33% of gross revenue from operations in September 30, 2017, Fiscals 2017, 2016 and 2015 respectively.
Strengths of the Company
- Strong Order Book of 208,033.60 million as on February 28, 2018.
- Significant advantage over global shipyards in securing contracts due to Make in India initiative.
- Offers diversified products and services in addition to shipbuilding
- Modern infrastructure with integrated shipbuilding capabilities The company has 2,224 full-time employees on its payroll.
The Promoter of the company is the President of India, acting through the Ministry of Defence. The Promoter, along with its nominees, currently hold 100% of the pre-Offer paid-up Equity Share capital of the Company.
Summary of financial Information (Restated)
|Particulars||For the year/period ended (in Rs. Millions)|
|30 Sep 17||31-Mar17||31-Mar16||31-Mar-15 (Performa)|
|Total Assets||46,999.32||2 45,650.04||44,514.9||40,009.76|
|Profit After Tax||180.69||122.32||1,620.47||517.2|
Objects of the Issue:
The objects of the Issue are to:
- Carry out the disinvestment of Equity Shares by the Selling Shareholder
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The Company will not receive any proceeds from this Offer and all proceeds shall go to the Selling Shareholder.
Garden Reach Shipbuilders IPO Details:
|Issue Open||Sep 17, 2018 – Sep 19, 2018|
|Issue Type||Book Built Issue IPO|
|Issue Size||29,210,760 Eq Shares of Rs 10 (aggregating up to Rs 344.69 Cr|
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 115 – Rs 118 Per Equity Share|
|Market Lot||120 Shares|
|Min Order Quantity||120 Shares|
|Listing At||BSE, NSE|
|Company Contact Information||IRCON International IPO Reviews /Rating|
|Garden Reach Shipbuilders & Engineers Ltd.
43/46 Garden Reach Road Kolkata – 700 024 West Bengal, India Phone (Phone): 033-2469 8545 Fax (Fax): 033-2469 8150 Email: email@example.com Website: http://www.grse.in/
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|Garden Reach Shipbuilders IPO Registrar||Garden Reach Shipbuilders IPO Lead Manager(s)|
Alankit Assignments Ltd
Alankit House 2E/21, Jhandewalan Extension, New Delhi – 110055
Phone: (011) 4254 1234 Fax: (011) 4254 1967 Email: firstname.lastname@example.org
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Retail & Employee Discount
A discount of Rs 5 per equity share is offered to applications in retail and employee quota.
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