Bharat Dynamics IPO Listed at 13.5% Discount

IPO Initial Public Offerings
Bharat Dynamics ipo was not able to get the interest of the investors. The ipo was subscribed 1.29 times overall with in QIB 1.50 times, HNI 0.51 times while retail was 1.39 times. So the response was not good from the categories even from retailers who got the offer of Rs.10 discount. The company looks good to invest in but it might not give a listing gain. We can expect flat listing for Bharat Dynamics and it might go up to 445-450 level on upper side while it might slip around 400 level as well. Happy Investing!

Bharat Dynamics listed at 13.5% discount. The stock listed at 360 on BSE while 370 on NSE against its ipo price of 428. The stock price closed at 390 level on NSE and 389 level on BSE.

Bharat Dynamics IPO Listing Date, Listing Price, NSE Code, ISIN Number & Other Details are given below:

BSE Code541143
NSE CodeBDL
GroupB
ISIN NoINE171Z01018
Offer PriceRs.413 / 428
Face ValueRs.10
Listing Date23-Mar-18, Friday

Bharat Dynamics IPO Listing Price: Live Quote

DetailsBSE ListingNSE Listing
Listing Price
360.00
370.00
High Price
402.80
402.70
Low Price
360.00
362.00
Close Price
390.70
389.80

Bharat Dynamics IPO Subscription: (Fully Subscribed)

DayQIBNIIRIIEMPTotal
Day 10.500.010.210.090.32
Day 20.500.070.570.190.46
Day 3 1.500.511.390.041.29

Bharat Dynamics IPO Dates & Price Band: (Approx)

  • IPO Open: 13-March-2018
  • IPO Close: 15-March-2018
  • IPO Size: Approx Rs.960 Crore (Approx)
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.413 to 428 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 22,451,953 Shares 
  • Retail & Employee Discount: Rs.10

Bharat Dynamics IPO Market Lot:

  • Shares: Apply for 35 Shares (Minimum Lot Size)
  • Amount: Rs.14,630 (For Retail & Employee)
  • Amount: Rs.14,980 (For QIB & HNI)

Bharat Dynamics IPO Allotment & Listing:

  • Basis of Allotment: 20-March-2018
  • Refunds: 21-March-2018
  • Credit to demat accounts: 22-March-2018
  • Listing: 23-March-2018
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