Garden Reach Shipyard Ipo

Garden reach shipyard ipo

Garden Reach Shipbuilder IPO Review : Apply or Avoid : GRSE IPO : GRSE IPO GMP: Garden Reach IPO

GRSE is a shipbuilding company in India under the administrative control of the MoD, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE derives a significant majority of its revenue from its shipbuilding division, which has contributed 94.14%, 90.13%, 92.19% and 94.76% to GRSE’s gross revenue in fiscals 2018, 2017, 2016 and 2015 respectively.

Garden reach shipyard ipo

In addition to its ship and warship building capabilities, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.

In 1934, GRSE was incorporated under the Indian Companies Act, 1913, and was later acquired by the Government of India from Macneill & Barry Limited on May 19, 1960.

Garden reach shipyard ipo

Shortly after becoming a CPSE in 1960, GRSE built India’s first indigenous warship–the INS Ajay, in the year 1961.

Registered Office: 43/46 Garden Reach Road, Kolkata – 700 024, West Bengal, India;
Website: www.grse.in; Corporate Identity Number: L35111WB1934GOI007891

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