IPO: Bharat Dynamics Limited

Company& Business Profile

Bharat Dynamics Limited is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. It is the sole manufacturer in India for SAMs, torpedoes, ATGMs.

Currently BDL has three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam. Hyderabad and Bhanur facilities manufacture SAMs, ATGMs, Countermeasures and testing equipment’s while Vishakhapatnam manufacturing facility is exclusively engaged in the manufacture of torpedoes.

It is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Additionally, it is also engaged in the business of refurbishment and life extension of missiles manufactured.

It is a wholly-owned GoI company headquartered in Hyderabad and under the administrative control of the MoD, GoI and was conferred the ‘Mini-Ratna (Category -1)’ status by the Department of Public Enterprises, GoI.

Objects of the Issue

To carry out the disinvestment of 22,451,953 Equity Shares by the Selling Shareholder constituting 12.25% of the Company’s pre-Offer Equity Share capital.

Listing:

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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