Bharat Electronics Ltd. is engaged in providing electronic needs of the Indian defence services. Its products include radars, sonars and naval systems, communications, command control systems, electronic warfare systems and avionics, tank and opto-electronics, broadcast, satcom and telecom and other products and systems. The company was founded in 1954 and is based in Bengaluru, Karnataka.• The OFS was priced at a floor price of INR 1,498 per equity share (Face Value: INR 10)
• The OFS received a huge response as bids of 2.91 cr shares were received against an issue size of 1.12 cr shares leading to an oversubscription of ~2.6x
o The OFS saw a strong response from global as well as domestic Institutional Investors
o The Retail category was oversubscribed 3.7x while the Non-Retail category was oversubscribed 2.3x
• After MOIL, NHPC and HCL OFS, this is the 4th OFS deal by Edelweiss for DIPAM in FY17
Edelweiss Financial Services
Advised in the sale of
Bharat Electronics Ltd.
to