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Garden Reach Shipbuilders & Engineers Ltd

Registered Office : GRSE Bhavan 61 Garden Reach Rd,,Kolkata West Bengal 700024 Phone : 91-33-24698100-8113
Fax : 91-33-24698150

Email : co.sec@grse.co.in

Website : www.grse.in

Initial public offering of 29,210,760 Equity Shares of face value of Rs.10 each ("equity shares") of Garden Reach Shipbuilders & Engineers Limited ("the company" or the "issuer") through an offer for sale by the promoter, the President of India, acting through the Ministry of Defence, Government of India (the "selling shareholder") for cash at a price of Rs.118* per equity share ("the offer price"), aggregating to Rs.343.59 # Crores (the "offer"). The Offer included a reservation of up to 572,760# equity shares aggregating to Rs.6.47 Crores for subscription by eligible employees (as defined herein) ("Employee reservation portion"). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer constituted 25.50% and 25.00% respectively, of the post offer paid-up equity share capital of the company. The face value of equity shares is Rs.10 each and the offer price is 11.8 times the face value of the equity shares. * A discount of Rs.5 per Equity Share to the Offer Price was offered to the Retail Individual Bidders ("Retail Discount") and a discount of Rs.5 per Equity Share to the Offer Price was offered to the Eligible Employees Bidding in the Employee Reservation Portion ("Employee Discount"). # Subject to finalization of Basis of Allotment.

Issue

Opens On

Closes On

24-Sep-2018

01-Oct-2018

Money Payable On

Application

Allotment

118.00

0.00

Minimum Application for shares in Nos : 120.0 Further Multiples of : 120.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

343.59

114.55

118.00

IDBI Capital Markets & Securities Ltd

Yes Securities (India) Ltd

Projects

The Disinvestment of 29,210,760 shares by the Selling Shareholders

Listing of Shares on the Stock Exchanges

Promoted By

The President of India

Listing At

Registrar to the Issue

Alankit Assignments Ltd