Issue Highlights

OFS Date for Non-Retail Wednesday, February 22, 2017 OFS Date for Retail Thursday, February 23, 2017 OFS Bidding Time 09:15 am to 3:30 pm. Lot Size 1 equity share Face Value Rs. 10/- Floor Price Rs.1498/- Total Issue Size 1,11,68,139 equity shares Discount For Retail Investors 5% to cut-off price

Business Overview

In 1954, in a newly independent India, the need was utmost to develop indigenous industry. The dream of a self-reliant India gave birth to many Public Sector Undertakings. Bharat Electronics Limited (BEL) was one such dream, which has come a long way since then with the far-sighted vision of its pioneers, the dedication and hard work of its employees, support and faith of its customers and the Government of India. The Government's clarion call for 'Make in India' resonates with what BEL has been successfully doing for over 6 decades.

From humble beginnings in 1954, when BEL was set up in association with CSF, France (now, Thales), to manufacture basic communication equipment, BEL now produces a wide range of state-of-the-art equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro Optics, Professional Electronic Components and Solar Photovoltaic Systems, BEL also provides turnkey system solutions. Civilian products from BEL include Electronic Voting Machines, Tablet PC, solar-powered traffic signal systems and Access Control Systems.

Starting from a single Unit in Jalahalli, Bangalore, BEL has established its presence across the country by setting up eight other Units - in Ghaziabad, Pune, Machilipatnam, Panchkula, Kotdwara, Navi Mumbai, Chennai and Hyderabad. Each Unit has a specific product mix and customer focus. BEL has also set up a wide network of offices and service centres countrywide as well as two overseas offices - at New York and Singapore.

BEL was established to meet the specialized electronic equipment requirements of the Indian Defence Services. While this continues to be its prime focus, the Company has a significant presence in the civilian market, too. BEL exports some of its products and services to a number of countries as well.

Read OFS FAQs »

As per the recent SEBI circular, Retail investors can bid on T+1 day and Non-Retail can bid on T day (T being the day of the OFS).

Basis of Allotment

The Allotment process is on price priority basis, the customer who places the bid at the highest price either the final Cut off or at the price decided by you will get the first preference for allotment. Bids can be placed in two ways: Cut Off Price : Cut-Off price means the lowest price at which the Offer shares are sold and determined on the basis of all valid bids received in the non-retail category on T day. Enter the price decided by you