Bharat Dynamics Ltd Ipo

About Company

Incorporated in 1970, Bharat Dynamics Ltd is Hyderabad based wholly-owned GoI company engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Bharat Dynamic have three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam.

Company is the sole manufacturer in India for SAMs, torpedoes and ATGMs. Company is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Additionally, company is engaged in the business of refurbishment and life extension of missiles manufactured. Company is intend to offer products such as Akash SAM, light weight torpedoes and countermeasure dispensing system to the international markets in near future.

Bharat Dynamics have over 3165 full-time employees, which includes 863 engineers.

Competitive Strengths

1.     Modern facilities and infrastructure to deliver quality products in a timely manner.

2.    Increase in indigenisation of our products and implementation of the 'Make in India' policy.

3.  Strong order book and established financial track record of delivering growth.

Company Promoters

The Promoter of the company is the President of India acting through the Ministry of Defence. Promoter along with its nominees, currently holds 100% of the pre-Offer Equity Share capital of the Company.

Company financial

(Rs in millions)

Registrar to the issue

1.       ALANKIT ASSIGNMENTS LIMITED

Lead Managers

1.       SBI CAPITAL MARKETS LIMITED

2.       IDBI CAPITAL MARKETS & SECURITIES LIMITED

3.       YES SECURITIES (INDIA) LIMITED

Objects of the Issue:

The objects of the Offer are:

1.   To carry out the disinvestment of [●] Equity Shares by the Selling Shareholder.

2.   To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Risk factors

1.    This being the first public issue of our Company, there has been no formal market for the Equity Shares.

2. Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment.