Issue Open : 10 Jan 2018 to 12 Jan 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size:
› Fresh Issue aggregating up to Rs156.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 270 - Rs275 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: NSE, BSE
Discount to Retail Investors & Employees:-A discount of Rs 12 per equity share is offered to Retail Investors & Employee.
Total Revenues stood Rs 109.47cr, Rs 211.79cr, Rs 159.53cr, and Rs 108.76cr , in six months period ended September 30, 2017, Fiscal 2017, Fiscal 2016 and Fiscal 2015 respectively.
PAT was Rs 7.11cr, Rs 18.57cr, Rs 10.00cr, Rs 7.44cr in six months period ended September 30, 2017, Fiscal 2017, Fiscal 2016 and
Fiscal 2015 respectively.
The Company's Order Book is Rs 97.50cr excluding GST, as of November 25, 2017.
Company designs, develops and sells high-performance, mission and time critical solutions to defense, thus enjoying competitive advantage amongst peers. Going forward, defense expenditure would continue to grow, primarily due to the country’s ageing military hardware and technology which is in dire need of replacing .
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Taking into consideration, the current market opportunities in defense and Government of India’s initiative, ‘Make in India’ aims to boost the nation’s domestic manufacturing sector as well as to create market by targeting exports, the issue seems to be fairly priced. We recommend to SUBSCRIBE the IPO .