Garden Reach Shipbuilders & Engineers Ltd IPO

Closed

Subscription Details

  • Open Date 24 Sep
  • Close Date 01 Oct
  • Lot Size 120
  • IPO Size ₹ 343.59 Cr
  • IPO Price Range ₹ 118
  • Min Investment ₹ 14160

Garden Reach Shipbuilders & Engineers Ltd IPO Timeline

Open Date
24 Sep
Close Date
01 Oct
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Garden Reach Shipbuilders & Engineers Ltd IPO

Contact Information

Address

GRSE Bhavan 61 Garden Reach Rd,
,
Kolkata, West Bengal 700024

Garden Reach Shipbuilders & Engineers Ltd IPO Lead Manager

IDBI Capital Markets & Securities LtdYes Securities (India) Ltd
Open Demat Account