IPO Synopsis

Garden Reach Shipbuilders & Engineers Ltd
Registered Office: 43/46 Garden Reach Road, , Kolkata - 700024 , West Bengal , India.
Phone : 91-33-24698100-8113   Fax:91-33-24698150
Email :  co.sec@grse.co.in  
Website :  www.grse.in
Initial public offering of 29,210,760 equity shares of face value of Rs10 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(*) per equity share ("the offer price"), aggregating to Rs(*) Crores (the "offer"). The Offer includes a reservation of up to 572,760 equity shares aggregating to Rs[*] crores subscription by eligible employees ("Employee Reservation Portion"). The Offer less employee reservation portion is referred to as the net offer. The Offer and the net offer will constitute 25.50% and 25.00% respectively of the post offer paid-up equity share capital of the company. Price Band: Rs115 to Rs118 per equity shares of face value of Rs10 each. The Floor Price is 11.50 times the face value and the cap price is 11.80 times the face value. * A Didcount of Rs5 per equity share to the offer price may be offered to the retail individual bidders ("Retail Discount") and a discount Rs5 per equity share to the offer price may be offered to the eligible employees bidding in the employee reservation portion ("Employee Discount")
Issue Money Payable On
Opens On Closes On Application Allotment
24-Sep-18 26-Sep-18 Rs 115.00-118.00 Rs 0.00-0.00
Minimum Application for shares in Nos :120  Further Multiples of :120
  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
IDBI Capital Markets & Securities Ltd
Project Financed through Current Offer 335.92
Post Issue Equity Share Capital 114.55
Issue Price Rs 115.00
The Disinvestment of 20,046,600 shares by the Selling Shareholders Listing of Shares on the Stock Exchanges
Promoted By Listing At Registrar to the Issue
  The President of India
 Alankit Assignments Ltd

FOR GRIEVANCE MAIL TO invgrieviss@iseindia.com

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