Garden Reach Shipbuilders & Engineers Limited IPO (Garden Reach Shipbuilders IPO) Detail

Garden Reach Shipbuilders & Engineers Limited IPO

Garden Reach Shipbuilders & Engineers Limited IPO (Garden Reach Shipbuilders IPO) Detail

ABOUT  THE  COMAPANY:

Garden Reach Shipbuilders & Engineers Limited  is incorporated  in 1913 and it is a Mini Ratna Category I Company. Garden Reach Shipbuilders & Engineers Limited engaged in ship building promoted by President of India, acting through the Ministry of Defence.

The company works on the requirements comes from Indian Navy and Indian Coast Guard. They manufacturer deck machinery items, pre fabricated portable steel bridges and marine pumps. They have three manufacturing facilities in India. They have order book over 2 lakh millions which is a bigger one. They have over 2200 full time employees. 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 five (5) decades, Company has built and delivered ships ranging from small to large and advanced vessels including frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, 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.

Presently, they have three (3) separate facilities for shipbuilding, all of which are located in close vicinity of each other at Kolkata, India. They build their 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. They acquired the Rajabagan Dockyard from Central Inland Water Transport Corporation Limited in the year 2006. The DEP Unit in Ranchiis engaged in the testing and overhauling of marine propulsion engines and assembly of semi-knocked down units of diesel engines.The Engineering segment is engaged in the manufacturing and fabrication of portable steel bridges, deck the machinery of ships and marine pumps.

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.

Promoters And Management:

Promoters of Garden Reach Shipbuilders & Engineers Limited Company are:  The President of India, acting through the Ministry of Defence. Our Promoter, along with its nominees, currently holds 100% of the pre-Offer paid-up Equity Share capital of our Company

Company’s Business:

Company currently offer products in the following core verticals:

Shipbuilding Division.

Shipbuilding division consist of the construction of vessels for clients engaged in the defence sector shipping industry. Vessels built by Garden Reach Shipbuilders & Engineers Ltd include frigates, anti-submarine warfare corvette, missile corvette, landing ship tank, landing craft utility, survey vessel, fleet replenishment tanker, fast patrol vessel, offshore patrol vessel, inshore patrol vessel, WJ-FAC, hover craft and fast interceptor boat.

Engineering Division.

Company’s engineering division offers portable bridges, deck machinery items and marine pumps.

Engine Production Division.

Company supply and overhaul diesel engines through their engine production division at DEP.The vast majority of their engines are supplied to the Indian Navy and Indian Coast Guard.

Financials of the Company:

Particulars For the year/period ended (in Rs. Millions)
30-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15(Proforma)
Total Assets 46,999.32 45,650.04 44,514.94 40,009.76
Total Revenue 5,8583.93 11,579.57 18,467.47 16,391.63
Profit After Tax 180.69 122.32 1,620.47 517.28

 

Objects of the IPO:

1. Carry out the disinvestment of Equity Shares by the Selling Shareholder

2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Garden Reach Shipbuilders & Engineers Limited IPO Details:

Details Info
Issue Opens on 24th September 2018
Issue Closes on:. 26th September 2018
Issue Price Rs.115 – 118
Retail Discount & Employee Rs.5
Face Value Rs.10
Minimum Lot 120 Shares
Minimum Investment Rs.14,160
Issue Constitutes 25.5%
Issue Size Rs.344.68 cr
Market Cap Rs.1351.7 cr
Listing at NSE & BSE
Equity Shares Offered (OFS) 2,92,10,760
Equity Shares Prior to the Issue 11,45,52,000
Equity Shares after the Issue 11,45,52,000

Company Contact Information:

Garden Reach Shipbuilders & Engineers Limited
43/46 Garden Reach Road
Kolkata – 700 024
West Bengal, India
Phone: 033-2469 8545
Fax: 033-2469 8150
Email: co.sec@grse.co.in
Website: http://www.grse.in

Garden Reach Shipbuilders IPO Registrar:

Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055

Phone: (011) 4254 1234
Fax: (011) 4254 1967
Email: info@alankit.com
Website: http://www.alankit.com

Garden Reach Shipbuilders IPO Lead Manager(s):

  • IDBI Capital Market Services Limited
    5th Floor, Mafatlal Centre,
    Nariman Point, Mumbai – 400 021Website:  http://www.idbicapital.com
    Email:  varun.ipo@idbicapital.com
    Phone: +91-22-2289 7529/21
    Fax: +91-22-2283 8782
  • Yes Securities (India) Limited
    IFC, Tower 1& 2, Unit no. 602 A, 6th Floor,
    Senapati Bapat Marg,
    Elphinstone Road, Mumbai 400013Website:  http://www.yesinvest.in
    Email:  igc@yessecuritiesltd.in
    Phone: +91 22 3347 9688
    Fax: +91 22 2421 4508

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