The latest IPO of Garden Reach Shipbuilders is ready to soon coming in NSE & BSE. Its IPO is going to be started for subscription on 24 September and shares are to be listed on September.
Gray market operators believe that it can be listed at premium price of 100 to 110 rupees per issue at the issue price of Rs 115 – 118. Analysts say that the stock has no scope to go above the current level. But stock may prove to be good buying in the long term.
At the IPO price band, the company’s market revenue of 1,346.5 crore in FY18. According to this. It is a part of the government’s disinvestment programme, which involves dilution of 25& stake to raise Rs 335-345 crore.
The situation is that when Garden Reach IPO opens the IPO, how many people will get it, it is also difficult to say that because its most demanding IPO of this month of September.
Meanwhile, Garden Reach Shipbuilders has appointed two merchant bankers to cross the IPO. These bankers have been inducted in the form of indigenous foreign merchant bankers such as IDBI Capital Market Services Limited and Yes Securities (India) Limited.
This offer will be the sale. Under this, the minimum lot size will be 120 shares and after that the bid can be bid in its multiplier. Analysts say that this IPO is very reasonable price and investors will try to put money into it.
Garden Reach IPO GMP, KOSTAK and SUBJECT TO SAUDA
- Garden Reach GMP As on 19-Sept-2018 @ 9:00 am GMP Rs.N/A | Kostak Rs. N/A | Subject to Sauda Rs. N/A
- Garden Reach GMP As on 18-Sept-2018 @ 9:00 am GMP Rs.N/A | Kostak Rs. N/A | Subject to Sauda Rs. N/A
- Garden Reach GMP As on 17-Sept-18 @ 9:00 am GMP Rs.N/A | Kostak Rs. N/A | Subject to Sauda Rs.N/A
- Garden Reach GMP As on 14-Sept-18 @ 9:00 am GMP Rs.N/A | Kostak Rs. N/A | Subject to Sauda Rs. N/A
Garden Reach Shipbuilders IPO Details
|Subscription Dates||24 – 26 Sept 2018|
|Issue Price Band||INR 115 – 118|
|Minimum bid (lot size)||120 Shares|
|Minimum bid Price||INR 14160|
|Face Value||INR 10 per share|
|IPO Size||INR 236.55 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
Garden Reach Shipbuilders IPO Review & Recommendation:
- Very Good IPO: We should appy for this IPO because listing gain is possible because asking price is very attractive. OR Government set IPO price very reasonable same as RITES IPO