Bharat Dynamics To Raise Around Rs 960 Cr From IPO

Defence public sector company Bharat Dynamics today said it has fixed the price band between Rs 413 and Rs 428 per equity share for its initial public offer (IPO) to raise around Rs 960 crore.

The issue will open on March 13 and close on March 15.

The government will sell a total of 22,451,953 shares of Bharat Dynamics, diluting its stake by about 12 per cent.

SBI Capital Markets, IDBI Capital Markets and Securities and Yes Securities will manage the public issue.

Bharat Dynamics is engaged in the manufacture of surface-to-air missiles (SAMs), anti-tank guided missiles (ATGMs), underwater weapon launchers, counter measures and test equipment for the defence sector.

“We primarily cater to the requirements of the Indian armed forces. Our objective is to enhance our market position by expanding our capabilities, capitalising on opportunities both in domestic and international markets. Read More…

You may also read!

Dynamatic and SAAB Technologies signs a Memorandum of Understanding

On 21st February 2019, Dynamatic Technologies Limited signed a Memorandum of Understanding with SAAB Technologies an intent to explore


India, Saudi Arabia plan to hold joint naval exercise

The joint statement issued at the end of Saudi Arabian crown prince Mohammed bin Salman’s India visit made a


Pak army begins preparations for conflict, Tells hospitals to be ready

Pakistan has begun planning its war logistics on its frontiers amid fears of retaliation from India after the Pulwama


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu