Mazagon Dock Shipbuilders Limited IPO

Mazagon Dock Shipbuilders Limited IPO is a Mainstream IPO, which is open for all investors from 29th September 2020, Tuesday to 1st October 2020, Thursday. Promoters are offering 30,599,017 equity shares to public through this issue which is worth of ₹443.69 Crores. For other IPO details on Mazagon Dock Shipbuilders Limited IPO, scroll below

IPO Details

Grey Market Premium of Mazagon Dock Shipbuilders Limited IPO

GMP of Mazagon Dock Shipbuilders Limited IPO is given below

Date
Grey Market Premium of Mazagon Dock IPO
Kostak of Mazagon Dock IPO
Sauda of Mazagon Dock IPO
28-Sep-2020 ₹109 – ₹121 Rs 450 Rs 8000
27-Sep-2020 ₹79 – ₹91 Rs 350 Rs 5000
26-Sep-2020 ₹79 – ₹91 Rs 350 Rs 5000
25-Sep-2020 ₹79 – ₹91 Rs 350 Rs 5000
24-Sep-2020 Not Available Not Available Not Available
23-Sep-2020 Not Available Not Available Not Available
22-Sep-2020 Not Available Not Available Not Available
21-Sep-2020 Not Available Not Available Not Available
20-Sep-2020 Not Available Not Available Not Available
19-Sep-2020 Not Available Not Available Not Available

Expected Listing Gains

Listing Gain Predictor
%age Gain/Loss
Current Subscription Level
Expected Listing Gain/Loss( in Rs)
Expected Open Price (in Rs)
The IPO is yet to be opened; Once it is live, you will get the realtime expected listing gains value 0 Loading… Loading…

Company Background

Mazagon Dock Shipbuilders Limited is a Mumbai based defence public sector undertaking shipyard under the Department of Defence Production, with an annual revenue of Rupees 5,53,530.7 lakhs.

  • Maximum shipbuilding and submarine capacity of 40,000 DWT
  • Conferred with the ‘Mini-ratna-I’ status in 2006
  • Shipbuilding and submarine and heavy engineering divisions are both ISO 9001:2015 certified.
  • Employs 3,939 permanent employees, comprising of 1,033 executives, 305 staff (including 48 sub staff) and 2,601 operatives
  • Has availed insurance policies for specific risks such as, contractors plant and machinery, marine cargo open policy, marine hull and machinery, motor vehicles, standard fire and special perils policy and burglary floater declaration insurance policies for raw materials and stocks, special contingency policy, money insurance policy for cash in safe and in transit, fidelity floating guarantee policy, public liability act policy, commercial general liability and directors’ and officers’ liability insurance policy

Date of Incorporation

Mazagon Dock Shipbuilders Limited was incorporated as “ Mazagon Dock Private Limited” on 26th February 1934. Company was finally converted into a public limited company on 8th December 2017 with a Corporate Identification Number, U35100MH1934GOI002079

Promoters of Mazagon Dock Shipbuilders Limited

President of India, acting through the Ministry of Defence, Government of India

Product & Services Offered

Mazagon Dock Shipbuilders Limited is primarily engaged in constructing and repairing warships and submarines

Clientele base of the company

Company caters the needs of the MoD

Purpose of this IPO

Purpose of the issue:

  • To carry out the disinvestment plan of 30,599,017 equity shares by selling shareholders constitutes 15.17% of pre-offer equity share capital
  • To achieve the benefits of share listing on the stock exchanges.

Mazagon Dock Shipbuilders Limited IPO Issue Details

Issue Details
Issue Open 29th Sept 2020, Tuesday Issue Close 1st Oct 2020, Thursday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band ₹135 to ₹145 per equity share Bid Lot & Minimum order quantity 103 Shares
Issue Size ₹443.69 Crore Listing at BSE NSE

IPO Timeline

Tentative IPO Timeline
Bid Opens on 29th Sept 2020, Tuesday Bid Closes on 1st Oct 2020, Thursday
Finalization of basis of allotment 7th Oct 2020, Wednesday Initiation of Refunds 8th Oct 2020, Thursday
Credit of shares to demat account 9th Oct 2020, Friday Listing Date 12th Oct 2020, Monday

Company Financials

For the year/period ended (₹ in million)
31-Mar-20
31-Mar-19
31-Mar-18
31-Mar-17
Total Assets 209,660.28 208,479.34 193,703.72 193,911.65
Total Revenue 55,353.07 52,046.74 50,276.29 42,748.63
Profit After Tax 4,770.59 5,324.74 4,961.73 5,982.58

Ratings & Reviews of Mazagon Dock Shipbuilders Limited IPO

As per experts one could subscribe to the IPO

  • Profit-making and dividend distributing PSU
  • Has orders worth Rs. 54000+ crore on hand which are to be completed in 6 to 7 years

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of Mazagon Dock Shipbuilders Limited IPO

IPO Lead Managers

Axis Capital Limited, DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd), Edelweiss Financial Services Ltd, JM Financial Consultants Private Limited, Yes Securities (India) Limited are managing the IPO

Address of Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders Limited
Dockyard Road, Mazagon,
Mumbai – 400010
Phone: 91 22 2376 2000

For more information on Latest IPOs visit, iponivesh.com