Garden Reach Shipbuilders & Engineers 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 FY24 to FY26.
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 29,210,760 Equity Shares of face value of Rs.10 each ("equity shares") of Garden Reach Shipbuilders & Engineers 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.118* per equity share ("the offer price"), aggregating to Rs.343.59 # Crores (the "offer"). The Offer included a reservation of up to 572,760# equity shares aggregating to Rs.6.47 Crores for subscription by 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 constituted 25.50% and 25.00% respectively, of the post offer paid-up equity share capital of the company. The face value of equity shares is Rs.10 each and the offer price is 11.8 times the face value of the equity shares. * A discount of Rs.5 per Equity Share to the Offer Price was offered to the Retail Individual Bidders ("Retail Discount") and a discount of Rs.5 per Equity Share to the Offer Price was offered to the Eligible Employees Bidding in the Employee Reservation Portion ("Employee Discount"). # Subject to finalization of Basis of Allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Loss of any of Company's major customers or a reduction in their orders may have a material adverse impact on its business, financial condition, results of operations and growth prospects as it is dependent on a few major customers.
- Company's 250 tonne Goliath Crane at Main Works Unit recently collapsed due to near cyclonic storm in Kolkata.
- Company have been granted certain relaxation by SEBI from the strict enforcement of certain requirements and disclosure of certain information under SEBI ICDR Regulations and SEBI Listing Regulations
- Company could incur losses under its fixed price contracts as a result of cost overruns, delays in delivery or failures to meet contract specifications which may have an adverse effect on its business, financial condition and results of operations.
- Company may have to participate in tenders for obtaining new orders in the future, which have been awarded to it on a nomination basis by its customers.