Garden Reach Shipbuilders & Engineers Limited IPO
Garden Reach Shipbuilders & Engineers Limited was a mainboard IPO in the Aerospace & Defense sector, offered at ₹114–₹118 per share to raise ₹345 crore. The issue was subscribed 1.02× overall (QIBs 1.81×, NIIs 0.31×, retail 0.24×). It listed on 10 Oct 2018 at ₹102 and closed its first day at ₹103, a listing loss of -12.5% versus the ₹118 issue price. It now trades around ₹1,944 (+1547.2% versus the issue price).
Frequently asked questions
- How many times was the Garden Reach Shipbuilders & Engineers Limited IPO subscribed?
- The Garden Reach Shipbuilders & Engineers Limited IPO was subscribed 1.02× overall — 1.81× in the QIB category, 0.31× among non-institutional investors, 0.24× in retail.
- What were the Garden Reach Shipbuilders & Engineers Limited IPO listing gains?
- Garden Reach Shipbuilders & Engineers Limited listed on 10 Oct 2018 at ₹102, closing its first day at ₹103 — a listing loss of -12.5% versus the ₹118 issue price.
- What were the retail allotment odds for the Garden Reach Shipbuilders & Engineers Limited IPO?
- Retail was subscribed 0.24×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 4 Oct 2018.
- What was the price band and lot size of the Garden Reach Shipbuilders & Engineers Limited IPO?
- The price band was ₹114–₹118 per share, with a minimum lot of 120 shares (₹14,160 at the upper band).
- Who were the registrar and lead manager for the Garden Reach Shipbuilders & Engineers Limited IPO?
- Alankit Assignments Limited was the registrar, and IDBI Capital was the book-running lead manager.