Garden Reach Shipbuilders & Engineers Limited (GRSE) IPO GMP

Garden Reach Shipbuilders & Engineers Limited (GRSE) IPOGarden Reach Shipbuilders & Engineers Limited (GRSE) is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to ship and warship building capabilities, GRSE is also engaged in engineering and engine production activities. As a part of the engineering division GRSE manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.  

GRSE’s shipbuilding division contributes a significant majority of revenue from operations. They derived 94.14%, 90.13%, 92.19% and 94.76% of gross revenue from operations in Fiscals 2018, 2017, 2016 and 2015 respectively from shipbuilding division. 

GRSE was incorporated in 1934 under the Indian Companies Act, 1913, and was later acquired by the Government of India from Macneill & Barry Limited on May 19, 1960. Shortly after becoming a CPSE in 1960, GRSE built India’s first indigenous warship–the INS Ajay, in the year 1961.  

Over the years, the Company has established capabilities for in-house design and shipbuilding and has made considerable contributions to the indigenous warship construction program of the country. Their shipbuilding product line spans from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. In last five (5) decades, GRSE built and delivered ships ranging from small to large and advanced vessels including frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, fleet replenishment tankers, fast patrol vessels, offshore patrol vessels, inshore patrol vessels, WJ-FAC, hover crafts and fast interceptor boats to the Indian Navy, Indian Coast Guard, MHA and Governments of other countries.  

GRSE built and supplied more than 750 vessels to carry men and materials as well as for the surveillance of the coast line. Over the years, GRSE responded to the varied shipbuilding requirements of the Indian Defence Services and have evolved from building simpler vessels to building bigger and technically advanced warships

Below are Details of Grey Market Premium (GMP) and Kostak Rate of Garden Reach Shipbuilders & Engineers Limited (GRSE) IPO.Please note GMP is only work when subscription figure is high.Always looks for subscription figure before looking to Grey Market Premium (GMP).Grey Market Premium (GMP) may go up or down depend on Subscription figure.Subscription figure is available on Home page for main line IPO and SME page for SME IPO.

IdGrey Market PremiumKostak RateRate Date
124NILLNILL27 Sep 2018
120NILLNILL26 Sep 2018
116NILLNILL25 Sep 2018
112NillNill24 Sep 2018
108NILLNILL21 Sep 2018
104NillNill20 Sep 2018
101NILLNILL19 Sep 2018
98NILLNILL18 Sep 2018
95NILLNILL17 Sep 2018
93--14 Sep 2018

Your Comment:
 6 + 1 

rini Oct 4 2018 12:02:55 AM
when will the market listing happen?

admin Sep 27 2018 11:36:15 AM
@Goutam, QIB is 121%. Portion of QIB in IPO is 50%. so over all 67%.

admin Sep 27 2018 11:05:26 AM
Date has been extended to 1 October 2018.

Goutam Sep 26 2018 8:17:00 PM
How subscribe 67 percentage.

admin Sep 26 2018 3:54:13 PM
Its seem LIC invested finally to save IPO ☺️

admin Sep 25 2018 7:35:08 PM
This will be subscribe by LIC tomorrow as it happens on all past Government IPO.

NIRAJSINH JADAV Sep 25 2018 10:43:40 AM
Avoid the ipo

admin Sep 24 2018 10:16:38 PM
very bad subscription on day 1.

admin Sep 24 2018 2:52:49 PM
No GMP. day by day GMP has updated in IPO GMP section

admin Sep 23 2018 9:59:03 PM
Till date no GMP. Now all depend on subscription figure. If subscription figure is good then GMP will start.

admin Sep 23 2018 8:47:56 PM
@nagireddy, market sentiment is nagative. lets wait for subscription figure.

nagireddy Sep 23 2018 9:37:06 AM
Can we go for this ?

admin Sep 21 2018 11:05:08 AM
Still no GMP. All day by day GMP updated in IPO GMP Section.

admin Sep 14 2018 11:46:13 AM
No GMP trend as of now.