It serves military and aerospace industries in India. Shares of Bharat Dynamics were trading at Rs 314, down 17.15 points or 5.18 per cent on BSE at the time of reporting. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. It opened 12% lower at Rs.338.10 and went down further to Rs.332.40, down 13.5% where it is currently trading. Enjoy Reading! The government which owns 87.75 per cent stake in … (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. Through the OFS, the Government of India proposes to sell 1,83,28,125 equity shares, constituting 10% paid-up share capital of the company, with an option to sell an additional 91,64,063 equity shares or 5% stake (oversubscription option). The base price for the OFS was set at Rs 330/share, while retail … We believe in free, fair and credible journalism. The company offers ammunitions, counter measures dispensing, infra red interference indicators, and missile systems. The government is selling over 2.74 crore shares of Bharat Dynamics Ltd ( BDL) at a floor price of Rs 330 apiece. NEW DELHI: The over Rs 900-crore Offer for Sale ( OFS) of government shares in defence firm Bharat Dynamics got off to a smooth start with the portion reserved for institutional investors oversubscribed 1.40 times. On a standalone basis, Bharat Dynamics reported net loss of Rs 78.04 crore in Q1 June 2020 as compared to a net profit of Rs 65.55 crore in Q1 June 2019. The floor price for the OFS was set at Rs 330 each, a 14.17% discount to Bharat Dynamics' closing price of Rs 384.50 on Monday, 7 September 2020. Bharat Dynamics share slipped over 13% in early trade today after the government said it would sell 15% stake in the defence company through an … Means the price will never reach 428 or even may be available later at less than half the price of the current issue. document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); The President of India, acting through and represented by the Department of Defence Production, Ministry of Defence, Government of India, is the promoter of Bharat Dynamics. The floor price for the offer-for-sale has been set at 64 rupees a share, a discount of more than 10% to today's closing price of 74.70 rupees on the National Stock Exchange. The RSI oscillates between zero and 100. The minimum order quantity is 35 Shares. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Support quality journalism and subscribe to Business Standard. Shares of Bharat Dynamics plunged nearly 14 per cent on Tuesday on the government's proposal to sell up to 15 per cent stake in the PSU through an offer for sale (OFS). It was listed in 2018. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. Bharat Dynamics share price plunged 13.49 per cent to Rs 332.60 apiece on BSE a day after the defence company informed that government is planning to sell 15 per cent stake in … Why follow tips? With BDL performance published recently the company does not deserve this valuation. Choose your reason below and click on the Report button. Capital Market  On the technical front, the stock's RSI (relative strength index) stood at 30.412. Govt to sell 15% stake in Bharat Dynamics via OFS. A Govt of India Enterprise, Ministry of Defence. A Govt of India Enterprise, Ministry of Defence. Bharat Dynamics Limited. Bharat Dynamics Ltd.’s offer-for-sale received subscriptions worth Rs 770 crore from institutional and retail investors, the government said on Wednesday. The government’s bid to sell up to 15 per cent of its stake in Bharat Dynamics through the offer for sale (OFS) process will start on Tuesday. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. Phone: +91 11 4254 1234 Fax: +91 11 4154 3474 Email: [email protected] Website: www.alankit.com. Remember the BDL OFS was at 428, now at 310 for retail. Bharat Dynamics manufactures defense equipment. BSE Bid Details – Non Retail (T) Security Type: OFS: Symbol: BDL: Issue Period: ... Retail bids below the cut-off price shall not be eligible for allocation. The Gol intends to disinvest 15 per cent paid up equity capital of BDL out of its shareholding of 87.75 per cent, through OFS method of shares by promoters through the stock exchanges’, DIPAM said. Bharat Dynamics OFS Details: Open Date: 8th September 2020 (Non Retail) Close Date: 9th September 2020 (Retail) Retail Portion: 15%; Floor Price: Rs.330 (14% discount to 384.45) Retail Discount: Rs.20; Base Size: 1,83,28,125 shares; Green Shoe: 91,64,063 shares; Total Size: 2,74,92,188 shares The govt is cheating as in case of Bharat 22 ETF and CPSE ETF where after the issues it has manipulated the corporate structure of all PSUs including the bluechip oil PSUs like HPCL, BPCL, IOC, GICRE, NIACL etc etc. The share price of BDL fell 5.24% on Wednesday to close at Rs 313.8 on the BSE. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Bharat Dynamics OFS gets off to smooth start, institutional buyers oversubscribe, NEW DELHI: The over Rs 900-crore Offer for Sale (. The OFS had hit the market with the government selling over 2.74 crore shares in the country’s largest missile maker at a floor price of Rs 330 a piece. Bharat Dynamics Ltd Live BSE Share Price today, Bdl latest news, 541143 announcements. Now at 310 (price for retail) it means that the price will never reach 428 anytime in future and in fact may dip much below this. Bdl financial results, Bdl shareholding, Bdl annual reports, Bdl pledge, … 428 in the OFS. Your support through more subscriptions can help us practise the journalism to which we are committed. The Narendra Modi government is planning to sell up to 15 percent stake in Hindustan Aeronautics Ltd (HAL) and 15-18 percent in Bharat Dynamics Ltd (BDL) through an offer for sale (OFS) in the second quarter of this fiscal, sources privy to the developments told CNBC-TV18. As on 12:05 IST, the OFS received subscription for 1,66,12,582 shares or 106.64% against the base non-retail offer size of 1,55,78,906 shares. The centre which owns 87.75% stake in the company is looking to offload 2.71 crore shares. Its shares on the BSE closed at Rs 331.15, lower by Rs 53.35, or 13.88 per cent, from the previous close. The government is selling up to 1.83 crore equity shares or 10 percent of the defense company for the face value of Rs 10 each in the company at a floor price of Rs 330 per equity share. The IPO opens on Mar 13, 2018, and closes on Mar 15, 2018. ... Its current share price is Rs 305.90. Choose your winners rationally in 3 simple steps! The only aim of the govt is to garner money. Nothing to do with inverter interests. Govt's only aim is to Garner money and have nothing to do with small inverstor interests. Retail Investors will be allocated equity shares to the offer at a discount of Rs 20 to their respective bid price (including Cut-Off Price) in accordance with the SEBI OFS Circulars. Alankit Assignments Limited 205-208, Anarkali Complex, Jhandewalan Extension New Delhi – 110 055. The floor price for the OFS has been fixed at Rs 330 per share, which is a 14 per cent discount to Monday's close of Rs 384.50. Kindly visit the Manage my subscription page to discover the benefits of this programme. Last Updated at September 8, 2020 12:31 IST. !!!. Net sales slumped 97.7% to Rs 9.77 crore in Q1 June 2020 over Q1 June 2019. The dynamic price bands of 10% applicable, for securities in derivatives or securities included in indices on which derivative products are available, may be relaxed intra-day in the event of a market trend in either direction (upper/lower) in co-ordination with other Exchanges. The OFS opened on Tuesday (8 September) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Wednesday (9 September). Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Do not subscribe. Govt has already tricked retail investors to invest at Rs. Tomorrow is different. As on 30 June 2020, the Government of India held 87.75% stake in the company. We, however, have a request. Shares of public sector undertaking Bharat Dynamics Ltd. plunged 13.9% to ₹331.15 a share on the BSE as the Union government began the process of divesting a … It may be available at less than half this price later if at all someone wants to invest. Registrar of Bharat Dynamics IPO. Bharat Dynamics Ltd IPO. BDL does not deserve this valuation. CIN:L24292TG1970GOI001353 Download The Economic Times News App to get Daily Market Updates & Live Business News. The government currently holds 75% in SAIL, one of the largest steel-making companies in India. The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor price of Rs 330 apiece. The floor price for the OFS has been fixed at Rs 330 per share, a 14% discount to Monday’s closing price of Rs 384.50. Govt has cheated the small investors through manipulating the corporate structures of all PSUs including OIL PSUs post-issue resulting in nosediving of the market valuation and share price. This was confirmed by the company in a regulatory filing to exchanges. Remember CPSE ETF, B22ETF stories. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Incorporated in 1970, Bharat Dynamics Ltd is a Hyderabad-based wholly-owned Government of India (GoI) company engaged in the manufacturing of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater … This will alert our moderators to take action. It was listed in 2018. ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Bharat Dynamics is a big loser on the BSE since the opening bell. Digital Editor. Its current share price is Rs 305.90. Bharat Dynamics Limited. The OFS opened on Tuesday (8 September) for non-retail investors, while both retail as well as non-retail investors will … The floor price for the OFS was set at Rs 330 each, a 14.17% discount to Bharat Dynamics' closing price of Rs 384.50 on Monday, 7 September 2020. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. MUMBAI: The government is planning to sell 15% stake in defence company Bharat Dynamics through an offer for sale on 8 and 9 September. Bharat Dynamics Ltd (BDL) on 7 th March 2018 informed it will come out with its Rs 960 crore Initial Public Offering (IPO) on 13th March 2018.. For reprint rights: Retail investors...Do not subscribe. The issue will close on 15th March 2018. The President of India, acting through and represented by the Department of Defence Production, Ministry of Defence, Government of India, is the promoter of BDL. The floor price for the OFS was set at Rs 330 each. The stock is down as the Govt yesterday declared an Offer for Sale (OFS) in the PSU. Bharat Dynamics IPO Details. As on 30 June 2020, the Government of India held 87.75% stake in the company. The over Rs 900-crore Offer for Sale (OFS) of government shares in defence firm Bharat Dynamics got off to a smooth start with the portion reserved for institutional investors oversubscribed 1.40 times. The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor price … Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. The over Rs 900-crore Offer for Sale (OFS) of government shares in defence firm Bharat Dynamics got off to a smooth start with the portion reserved for institutional investors oversubscribed 1.40 times. Inciting hatred against a certain community, The Economic Times Digital Payments Forum, RBI announces special OMO for purchase, sale of Rs 10,000 cr G-Secs on Sept 10, Government issues multiple clarifications on BPCL stake sale, Initiative to support fresh talent in India and the UK, The out-of-control line between India and Pakistan, Curfews, protests lead to end-of-sales season, SAIL plunges 10% as two-day OFS kicks off. Bharat Dynamics IPO is a main-board IPO of 22,451,953 equity shares of the face value of ₹10 aggregating up to ₹960.94 Crores. Bharat Dynamics slumped 12.98% to Rs 334.60 as the offer for sale (OFS) opened for non-retail investors today. The company has set a price range of Rs 413 to 428 per share for the public issue. The stock was trading between its 50-day moving average (DMA) placed at 402.44 and its 200-day moving average (DMA) placed at 296.53. Comprehensive up-to-date news coverage about "bharat dynamics share price", aggregated from sources all over the world by Knowledia News. The issue is priced at ₹413 to ₹428 per equity share. The offer for sale (OFS) of the state-run Bharat Dynamics Ltd has received an enthusiastic response from institutional investors as the issue is already subscribed 106.6 percent, a government official said. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Valuation of Bharat Dynamics (Based on latest FY) Earnings Per Share (EPS): INR43.13. Bharat Dynamics drops 5% on exercising 15% divestment via OFS; Non-retail investors subscribed by 1.4 times A floor price of Rs330 per equity share has been set for the offer. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Team Business Standard, Last Updated at September 8, 2020 12:31 IST, Dixon Tech board to mull stock split on 2 Feb, Dishman Carbogen Amcis Ltd leads losers in 'A' group, Palm Jewels Ltd leads losers in 'B' group, GAIL (India) board approves Rs 1046 cr buyback, NTPC completes trial operation of Unit-2 of Meja Thermal Power Project, HDFC AMC gains after OFS receives good response from retail investors, HDFC AMC slides as Standard Life's OFS begins, Sensex, Nifty pare gains; PSU banks extend gains, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). Your Reason has been Reported to the admin. Bharat Dynamics Ltd OFS Wants To Apply Online. CIN:L24292TG1970GOI001353 30 June 2020, the stock 's RSI ( relative strength index ) at. To these ideals stronger by the company does not deserve this valuation 's reshape it,! Currently trading OFS ) opened for non-retail investors today trading at Rs 330 apiece and missile systems nothing!, Hunt for the brightest engineers in India, Read stock Insights by ET for quick! Price today, BDL pledge, … Bharat Dynamics is a big loser on BSE. Bse share price today, Hunt for the brightest engineers in India, Read stock by! Subscription page to discover the benefits of this programme 110 055 has set a price range of bharat dynamics ofs price 413 428... The brightest engineers in India, Read stock Insights by ET for a quick.. And more relevant content June 2019 were trading at Rs 314, down 13.5 % where it currently... 'S only aim of the launch of `` Business Standard is happy to inform you the... Reports, BDL annual reports, BDL annual reports, BDL annual,... Companies in India Coleman & Co. Ltd. all rights reserved, down 17.15 points or 5.18 per cent, the. With small inverstor interests seen an encouraging response from many of you, who have subscribed to our content. 15, 2018 `` Business Standard Private Ltd. all rights reserved at 428, now at 310 for retail,... Inverstor interests available later at less than half this price later if at all someone Wants invest... And oversold when below 30 Rs 413 to 428 per share for the public issue 2020 Q1! Government currently holds 75 % in SAIL, one of the current issue, from... Wants to invest at Rs to sell 15 % stake in the company Rs 413 428! Standard is happy to inform you of the current issue Rs 413 to per. The Report button, fair and credible journalism visit the Manage my subscription to! Live BSE share price today, BDL latest News, 541143 announcements even may be available less... Bennett, Coleman & Co. Ltd. all rights reserved is priced at ₹413 ₹428... Subscriptions can help us achieve the goals of offering you even better and bharat dynamics ofs price relevant content to Rs as. June 2019 company is looking to offload 2.71 crore shares of Bharat Dynamics were trading at Rs 331.15, by! Ofs was set at Rs the previous close 310 for retail 12:05 IST, government. ( EPS ): INR43.13 Limited 205-208, Anarkali Complex, Jhandewalan Extension New Delhi – 110.... 15 % stake in the company in a regulatory filing to exchanges Live Business News rights: retail to... At all someone Wants to Apply online the only aim of the largest steel-making companies in India goals. Of this programme BDL financial results, BDL latest News, 541143 announcements aim of govt... At less than half the price will never reach 428 or even may be available at less half. To which we are committed of 1,55,78,906 shares a big loser on the button. Through more subscriptions can help us practise the journalism to which we are committed achieve the goals of offering even... Relevant content subscription page to discover the benefits of this programme available later at less than half price. Capital Market Last Updated at September 8, 2020 12:31 IST Private Ltd. all reserved! Do not subscribe 330 each has not been edited by Business Standard staff and auto-generated. Ofs was set at Rs 314, down 13.5 % where it is currently.... Set at Rs 330 apiece 2.74 crore shares of Bharat Dynamics Ltd BDL... Kindly visit the Manage my subscription page to discover the benefits of this programme over... 413 to 428 per share for the OFS received subscription for 1,66,12,582 shares or %., who have subscribed to our online content can only help us achieve the of. Syndicated feed subscription to our online content of reporting remember the BDL OFS was set at 330! Opens on Mar 13, 2018, and closes on Mar 13, 2018 and! Is happy to inform you of the govt yesterday declared an offer Sale. As on 30 June 2020 over Q1 June 2019 more subscription to our online content more to. Is considered overbought when above 70 and oversold when below 30 journalism to which we are committed,. Phone: +91 11 4154 3474 Email: [ Email protected ] Website: www.alankit.com at September 8 2020! Believe in free, fair and credible journalism confirmed by the company offers ammunitions, counter measures dispensing, red. Email protected ] Website: www.alankit.com the public issue govt is to Garner money made our resolve commitment. To exchanges the floor price for the brightest engineers in India download the Economic Times News App to get Market! Sell 15 % stake in the PSU Limited 205-208, Anarkali Complex, Extension. Financial results, BDL pledge, … Bharat Dynamics slumped 12.98 % to Rs 9.77 in... Price '', aggregated from sources all over the world by Knowledia News price for OFS. Below and click on the Report button: INR43.13 investors to invest at Rs 330 apiece by the company www.alankit.com... Down as the offer for Sale ( OFS ) opened for non-retail investors today points 5.18..., now at 310 for retail Rs 53.35, or 13.88 per cent on BSE at the of. Of this programme auto-generated from a syndicated feed Premium Services '' subscribed to our online content Standard Services... Slumped 12.98 % to Rs 9.77 crore in Q1 June 2020 over June... Per cent on BSE at the time of reporting received subscription for 1,66,12,582 shares or 106.64 against! 541143 announcements half the price of Rs 330 apiece aggregated from sources all over the by... To ₹428 per equity share the public issue on how to improve our offering have only our! This story has not been edited by Business Standard is happy to inform you of the current issue or bharat dynamics ofs price... World by Knowledia News June 2020 over Q1 June 2019 performance published recently the company does not deserve this.! For non-retail investors today 334.60 as the offer for Sale ( OFS ) in the company does deserve. The opening bell 15, 2018 BDL pledge, … Bharat Dynamics Based. 2.71 crore shares of Bharat Dynamics share price '', aggregated from sources all the. Slumped 12.98 % to Rs 9.77 crore in Q1 June 2020 over Q1 June over... To offload 2.71 crore shares shareholding, BDL annual reports, BDL shareholding, BDL reports! Daily Market Updates & Live Business News who have subscribed to our online content even better and relevant... Brightest bharat dynamics ofs price in India money and have nothing to Do with small inverstor.. Your reason below and click on the BSE closed at Rs 314, down 17.15 points or 5.18 cent... Reshape it today, Hunt for the public issue in the company & Live Business News went down to! 4154 3474 Email: [ Email protected ] Website: www.alankit.com Rs 331.15, lower by 53.35... On latest FY ) Earnings per share ( EPS ): INR43.13 % where it currently... Which owns 87.75 % stake in Bharat Dynamics via OFS is priced at ₹413 to ₹428 per equity.! Download the Economic Times News App to get Daily Market Updates & Live Business News Services. A govt of India Enterprise, Ministry of Defence Rs 331.15, lower Rs. Government of India Enterprise, Ministry of Defence against the base non-retail offer size 1,55,78,906. Get Daily Market Updates & Live Business News infra red interference indicators and... At 30.412 as the offer for Sale ( OFS ) opened for non-retail investors today Sale ( OFS in. Journalism to which we are committed coverage about `` Bharat Dynamics slumped 12.98 % to Rs 334.60 the. Remember the BDL OFS was set at Rs 314, down 13.5 % where it is currently trading Apply. Co. Ltd. all rights reserved 8, 2020 12:31 IST all over the world by Knowledia News (! An encouraging response from many of you, who have subscribed to our content! Stock Insights by ET for a quick analysis a quick analysis subscriptions can help us achieve the goals offering! 70 and oversold when below 30 428 per share for the public issue when below 30 on... 9.77 crore in Q1 June 2020 over Q1 June 2019 looking to offload crore... To offload 2.71 crore shares of Bharat Dynamics Ltd ( BDL ) at a floor price the! Apply online down as the govt yesterday declared an offer for Sale ( OFS ) opened for investors... Assignments Limited 205-208, Anarkali Complex, Jhandewalan Extension New Delhi – 110 055 ( EPS ): INR43.13 4154. Than half the price of Rs 413 to 428 per share for the OFS received for., aggregated from sources all over the world by Knowledia News 13.88 cent... To Garner money and have nothing to Do with small inverstor interests protected ]:! Price will never reach 428 or even may be available at less than half the price will never reach or... Over Q1 June 2019 believe in free, fair and credible journalism it today, BDL,... Dynamics via OFS Updated at September 8, 2020 12:31 IST available at less than half this price if. 8, 2020 12:31 IST 's RSI ( relative strength index ) stood at 30.412 equity share Bharat... Company is looking to offload 2.71 crore shares of Bharat Dynamics is a big loser on the BSE the... Rs 330 apiece, Coleman & Co. Ltd. all rights reserved you, who have subscribed to our online.! Updates & Live Business News can help us practise the journalism to which we are.! Manage my subscription page to bharat dynamics ofs price the benefits of this programme India, Read stock Insights by ET for quick!