What is the price band of the Garden Reach Shipbuilders & Engineers IPO?

The price band is ₹114–118 per share, and the final issue price is ₹118.

What is the lot size of the Garden Reach Shipbuilders & Engineers IPO?

One lot is 120 shares, so the minimum retail bid is ₹14,160 at the upper end of the price band.

When is the Garden Reach Shipbuilders & Engineers IPO listing date?

The shares listed on 10 October 2018.

How many times was the Garden Reach Shipbuilders & Engineers IPO subscribed?

It was subscribed 1.02x overall: QIB 1.81x, NII 0.31x and retail 0.24x (NSE and BSE together).

Garden Reach Shipbuilders & Engineers IPO

Garden Reach Shipbuilders & Engineers Limited (GRSE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 October 2018.

Listed 10 Oct Subscribed 1.02x Listing gain -13.1%

Issue details

Price band

₹114–118

Issue price

₹118

Lot size

120 shares

Min. retail bid

₹14,160

Max. retail bid

14 lots (₹1,98,240)

Issue size

₹598 Cr

Face value

₹10

Bidding

24 Sep – 01 Oct 2018

Listing

10 Oct 2018

Retail quota

35%

Registrar

Alankit Assignments Limited

Discount

Discount of Rs.5/- per Equity Share for Retail Individual bidders and Eligible Employees category.

Listing day

Listed at

₹102

-13.1% vs issue price ₹118

Day's high

₹109

-7.6% · low ₹95.0 (-19.5%)

Day's close

₹103

-12.5% · traded ₹32.1 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	1,43,19,000	2,59,32,000	1.81x
NII (HNI) total	42,95,700	13,15,080	0.31x
Retail	1,00,23,300	24,30,240	0.24x
Employees	5,72,760	81,600	0.14x
Total	2,92,10,760	2,97,58,920	1.02x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 7% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Garden Reach Shipbuilders & Engineers's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Mishra Dhatu NigamMar 2018	1.96x	0.12x	0.72x	1.21x	₹755 Cr	-3.3%	+1.1%
HealthCare Global EnterprisesMar 2016	2.36x	0.43x	0.83x	1.56x	₹650 Cr	-3.6%	-2.8%
Aavas FinanciersSep 2018	2.77x	0.26x	0.25x	0.97x	₹1,734 Cr	-8.7%	-4.1%
Lemon Tree HotelsMar 2018	3.89x	0.12x	0.12x	1.19x	₹1,039 Cr	+10.0%	+32.0%
Aster DM HealthcareFeb 2018	2.10x	0.55x	1.18x	1.31x	₹1,010 Cr	-3.7%	-1.1%
Bharat DynamicsMar 2018	1.50x	0.50x	1.41x	1.30x	₹1,667 Cr	-13.6%	-5.9%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
IDBI Capital Markets & Securities	7	+19.1%	43%
YES Securities (India)	6	+28.6%	83%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip)

Frequently asked

What is the Garden Reach Shipbuilders & Engineers IPO price band and lot size? ₹114–118 per share, with a lot of 120 shares, so the smallest retail bid is ₹14,160.

How many times has it been subscribed? 1.02x overall: QIB 1.81x, NII 0.31x, retail 0.24x, employees 0.14x.

How did it list? It opened at ₹102, -13.1% against the issue price of ₹118, and closed its first day -12.5%.

Other IPOs of 2018

Dinesh Engineers Aavas Financiers Ircon International HDFC Asset Management Company TCNS Clothing Co.Varroc Engineering RITES Fine Organic Industries All 2018 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.