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Garden Reach Shipbuilders & Engineers Ltd IPO

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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.

Garden Reach Shipbuilders & Engineers Ltd IPO Subscription Details

Company

Garden Reach Shipbuilders & Engineers Ltd

Issue Type

(Book Built Portion)

Open Date

24 Sep

Close Date

01 Oct

Offer Price

118.00

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Contact Details of Garden Reach Shipbuilders & Engineers Ltd IPO

Company Contact Information

Garden Reach Shipbuilders & Engineers Ltd IPO
43/46 Garden Reach Road,
,
Kolkata, West Bengal 700024.

Phone: 91-33-24698100-8113
Email: co.sec@grse.co.in

Garden Reach Shipbuilders & Engineers Ltd IPO Register

Alankit Assignments Ltd

Garden Reach Shipbuilders & Engineers Ltd IPO Lead Manager(s)

  • IDBI Capital Markets & Securities Ltd
  • Yes Securities (India) Ltd

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