Garden Reach Shipbuilders & Engineers (GRSE) IPO
The Kolkata warship builder listed through a government offer for sale.
- Company
- Garden Reach Shipbuilders & Engineers (GRSE)
- Type
- IPO
- Status
- Completed
- Date
- Oct 2018
- Value
- INR 3.43bn
- US$ equivalent
- US$50m
- Value basis
- ₹342.90 crore to the Government for 25.50% of GRSE; all secondary
- Region
- India
- Segment
- Listed equity
Parties
- Garden Reach Shipbuilders & Engineers issuer
- Government of India (Ministry of Defence) selling shareholder
Key terms
- Offer
- Offer for sale by the President of India, acting through the Ministry of Defence
- Bid/offer period
- Opened 24 Sep 2018
- Price band
- ₹115 to ₹118 a share
- Book running lead managers
- IDBI Capital Markets & Securities and YES Securities
- Government holding after
- 74.50%
Sources
- SEBI: Garden Reach Shipbuilders & Engineers Limited red herring prospectus sebi.gov.in · 7 Sep 2018
- DIPAM: disinvestment receipts 2018-19 dipam.gov.in · 2019
Record DEF-INV-2018-0015. Investments are kept apart from the financings register and never counted in debt totals.
