Garden Reach Shipbuilders & Engineers Ltd.
Established in 1934 and was later acquired by the Government of India from Macneill & Barry Limited on May 19, 1960. Shortly after becoming a CPSE in 1960, it built India’s first indigenous warship–the INS Ajay, in the year 1961. It is majorly a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the
shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to ship and warship
building capabilities, company is engaged in engineering and engine production activities. As a part of engineering
division, it manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Shipbuilding division contributes a significant majority of our revenue from operations. Company derived 94.14%,
90.13%, 92.19% and 94.76% of gross revenue from operations in Fiscals 2018, 2017, 2016 and 2015
respectively from shipbuilding division.
Over the years, Company has established capabilities for in-house design and shipbuilding and has made considerable contributions to the indigenous warship construction program of the country. Shipbuilding product line spans from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. In last five (5) decades, have built and delivered ships ranging from small to large and advanced vessels including 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. Have built and supplied more than seven hundred fifty (750) vessels to carry men and materials as well as for the surveillance of the coast line.
Over the years, Company has established capabilities for in-house design and shipbuilding and has made considerable contributions to the indigenous warship construction program of the country. Shipbuilding product line spans from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. In last five (5) decades, have built and delivered ships ranging from small to large and advanced vessels including 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. Have built and supplied more than seven hundred fifty (750) vessels to carry men and materials as well as for the surveillance of the coast line.
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Management:
* Revision in issue closing date and price band on 26-Sep-2018)
Issue Details:
Go to Alankit Website
Name
|
Designation
|
|---|---|
RAdm Vipin Kumar Saxena, IN (Retired)
|
Chairman & MD
|
Shri Sarvjit Singh Dogra
|
Director (Finance)
|
AK Nanda
|
Director (Personnel)
|
Commodore Sanjeev Nayyar, IN (Retd)
|
Director(Shipbuilding)
|
-
|
-
|
IPO Snapshot:
Particulars
|
Details
|
|---|---|
| Dates | 24-Sep-2018 to 1-Oct-2018 (Earlier 24-Sep-2018 to 26-Sep-2018)* |
| Face Value | Rs10/share |
Price Band
|
Rs114 - Rs118/share (Earlier Rs115-Rs118/share)*
|
Discount
|
Rs5/Share for retail and eligible employees
|
Bid lot
|
120 shares and multiples
|
| Listing | NSE & BSE |
Mode of Payment
|
ASBA (Mandatory)
|
* Revision in issue closing date and price band on 26-Sep-2018)
Issue Details:
| Issue Size | Rs34,469mn |
| QIB | 50% |
| NIB | 15% |
| Retail | 35% |
| Lead Managers | IDBI Capital Markets Ltd. Yes Securities (India) Ltd. |
Registrar: Alankit Assignments Ltd.
Allotment Status: Check Allotment status
Allotment Status: Check Allotment status
Go to Alankit Website
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