Bharat Dynamics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 22,451,953 equity shares of face value of Rs.10 each ("equity shares") of Bharat Dynamics Limited (the "company" or the "issuer") through an offer for sale by the promoter, the president of india, acting through the ministry of defence, government of india (the "selling shareholder"), for cash at a price of Rs.428* per equity share (the "offer price"), aggregating to Rs.952.79# Crores (the "offer"). The Company has reserved a portion of 458,203 equity shares for allocation and allotment to eligible employees (as defined herein), ("employee Reservation portion"). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer constitute 12.25% and 12.00% respectively, of the pre and post offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The offer price is Rs.428 per equity share and is 42.8 times the face value of the equity shares *a discount of approximately 2.34% on the offer price was offered to retail individual bidders ("retail discount") equivalent to Rs.10 per equity share and to eligible employees bidding in the employee Reservation portion ("employee discount") equivalent to Rs.10 per equity share. # subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company is primarily dependent on a single customer, the Indian armed forces through the Ministry of Defence, Government of India ("MoD"). A decline or reprioritization of the Indian defence budget, the reduction in their orders, termination of contracts or failure to succeed in tendering projects and deviations in the short term and long term policies of the MoD or the Indian armed forces in the future will have a material adverse impact on its business, financial condition, and results of operations, growth prospects and cash flows.
- As a result of national security concerns, certain information in relation to Company's business and operations is classified as `secret and confidential' pursuant to which it have not disclosed such information in this Prospectus nor provided such information to the BRLMs and other intermediaries and advisors involved in this Offer.
- Company's business operations are based out of three units in Telangana and Andhra Pradesh. The loss of, or shutdown of, our operations at any of its units in Telangana and Andhra Pradesh will have a material adverse effect on its business, financial condition and results of operations.
- Company's future growth and expansion is limited by its production capacities, the requirements of the MoD and the locations at which its operate.
- Company's agreements, memorandums of understanding and non-disclosure agreements with various business partners may not yield the benefits its expect.