Tag Archive for engineers

The listing ceremony of Garden Reach Shipbuilders & Engineers Limited held on October 10, 2018 at NSE

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(L-R): Mr. Subhodh Gandhi (IDBI Capital Markets & Securities Limited), Mr. Sandeep Mahapatra (Company Secretary, Garden Reach Shipbuilders & Engineers Limited), Mr. Vikram Limaye (CEO and MD, NSE), Mr. RAdm Vipin Kumar Saxena, IN (Retired) (Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Limited), Mr. Sarvjit Singh Dogra (Director (Finance) & CFO, Garden Reach Shipbuilders & Engineers Limited) and Ms. Amishi Kapadia (YES Securities India Limited) present for the bell ringing ceremony at the listing of Garden Reach Shipbuilders & Engineers Limited held today at NSE.

Mr. Vikram Limaye (CEO and MD, NSE) and Mr. RAdm Vipin Kumar Saxena, IN (Retired) (Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Limited) while exchanging the special memento at the listing ceremony of Garden Reach Shipbuilders & Engineers Limited held at NSE.


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Garden Reach Shipbuilders & Engineers Limited: Initial Public Offer to open on September 24, 2018 and to close on September 26, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shri RADM Vipin Kumar Saxena, IN (Retired) (Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Limited) while addressing the media during the Garden Reach Shipbuilders & Engineers Limited IPO press conference held today in Mumbai.

Garden Reach Shipbuilders & Engineers Limited (the “Company”), proposes to open on September 24, 2018, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising a offer for sale 29,210,760 Equity Shares by the Promoter, The President of India, acting through the Ministry of Defence, Government of India (“The Selling Shareholder”).

The offer includes a reservation of up to 572,760 equity shares 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 will constitute 25.50% and 25.00% respectively, of the post offer paid-up equity share capital of the company. The Bid/Offer Period will close on September 26, 2018. Read more

Harsha Engineers files DRHP with SEBI

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Harsha Engineers, the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel and polyamide bearing cages market in terms of revenue, filed its DRHP with SEBI on August 20, 2018.

 

The IPO Initial Public Offering (IPO) comprises public offer of equity shares of Harsha Engineers Limited (“Company”) consisting of a fresh issuance aggregating up to Rs. 3,700 million (“Fresh Issue”) and an offer for sale of up to 331,250 equity shares by Rajendra Shantilal Shah and up to 331,250 equity shares by Harish Ranjit Rangwala (“Promoter Selling Shareholders”) and up to 331,250 equity shares by Nirmala Rajendra Shah and up to 331,250 equity shares by Charusheela Harish Rangwala (the “Promoter Group Selling Shareholders”). The offer includes a reservation for subscription by eligible employees (“Employee Reservation Portion”). The offer less the employee reservation portion is referred to as the “Net Offer”.

 

The Company proposes to utilize the Net Proceeds raised through the Fresh Issue for: (a) Pre-payment or scheduled repayment of certain indebtedness availed by our Company; (b) Purchase of machinery in India; (c) Investment in Subsidiaries: (i) Investment in Harsha Engineers Europe SRL by ways of equity infusion; and (ii) Investment in Harsha Precision Bearing Components (China) Co. Ltd., in the form of debt capital. (d) Infrastructure development for our existing facilities in India; and (e) General corporate purposes.

 

Axis Capital Limited and Edelweiss Financial Services Limited are the book running lead managers.

 

The equity shares will be listed on BSE and NSE. Read more