Mazagon Dock IPO – Dates, Allotment, Bid Details, Subscribe, Price & Size

In this article, we will discuss in details about the Mazagon Dock Shipbuilders IPO dates, size, Mazagon allotment status, Mazagon Dock IPO subscription, grey market premium and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.

Open DateNA
Close DateNA
IPO Price BandNA
Face ValueRs. 10
No. of Shares22,410,000
Share PriceNA
Share PremiumNA
IPO SizeNA

IPO - 100% Allotment


Summary – Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders IPOMazagon Dock Shipbuilders Limited aptly called “Ship Builder to the Nation”, is India’s one of the leading Defence Public Sector Undertaking Shipyard under the Ministry of Defence. Main activities are the construction of state-of-the-art warships and submarines with facilities situated at Mumbai and Nhava (under development).

As Mazagon Dock Shipbuilders is a PSU, it can be said that the Government of India, through the ministry of Defence, will be the selling shareholder. The total number of equity shares available under the IPO to the general public is 22,410,000. Apart from this, certain shares would also be a part of the IPO but would be reserved for the eligible employees of the company.

The lead managers for Mazagon Dock Shipbuilders IPO are Yes Securities, Axis Capital, Edelweiss Financial, IDFC Bank and JM Financial. The Registrar to the Offer is Alankit Assignments Limited.


Mazagon Dock Shipbuilders IPO Review

Mazagon Dock Shipbuilders has posted profits continuously in the last three Fiscals. Its total income was Rs. 43,211.26 million, Rs. 50,451.42 million and Rs. 52,425.35 million for Fiscals 2017, 2018 and 2019 respectively. The profit for the year was Rs. 5,956.20 million, Rs. 4,957.49 million and Rs. 5,345.99 million for Fiscals 2017, 2018 and 2019 respectively.


Mazagon IPO Date

The opening and the closing date of Mazagon Dock Shipbuilders IPO is NA.


Mazagon IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Mazagon IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Mazagon IPO Grey Market Premium

The Mazagon Dock Shipbuilders IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Mazagon Dock IPO Price

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Mazagon Dock IPO Issue Size

Issue of 22,410,000 Equity Shares of face value of Rs.10/- each.


Mazagon Dock Shipbuilders – Company Overview

This Company is a wholly-owned GoI company, is a defense public sector undertaking shipyard under the Department of Defence Production, Ministry of Defence (MoD).  Mazagon Dock Shipbuilders Limited has a maximum shipbuilding and submarine capacity of 40,000 DWT and is engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients.

The ship building company was conferred with the ‘Mini-ratna-I’ status in 2006, by the Department of Public Enterprises. Mazagon Dock Shipbuilders Limited is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. They are also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India.

The business divisions in which Mazagon Dock Shipbuilders Limited operates are (i) shipbuilding and (ii) submarine and heavy engineering.


Mazagon Dock Shipbuilders – Company Financials

On the basis of Standalone statement:-

Amount (in INR & Millions)
30-Sept-1731-Mar-1731-Mar-16
Total Assets
2,09,955.10
1,93,647.00
1,90,180.04
Total Revenue
20,433.57
42,862.59
48,792.72
Total Expense
16,610.41
34,580.52
39,623.45
Profit After Tax
2,857.92
5,956.20
6,244.91

Mazagon Dock Shipbuilders IPO Lead Managers

Lead Managers
Yes Securities (India) Limited
Axis Capital Limited
Edelweiss Financial Services Limited
IDFC Bank Limited
JM Financial Limited

Mazagon Dock Shipbuilders IPO Registrar to Offer

Registrar to the Offer
ALANKIT ASSIGNMENTS LIMITED
Address: Alankit Heights, 1E/13 Jhandewalan Extension,
New Delhi – 110055
Telephone: +911- 4254 1952/54
Facsimile: +911-4154 3474
Email: mdl_ipo@alankit.com
Website: www.alankit.com
Investor Grievance ID: mdl_igr@alankit.com
Contact Person: Pankaj Goenka /Bojimon KH
SEBI Registration Number: INR000002532

Mazagon Dock Shipbuilders IPO Conclusion

 


Mazagon Dock Shipbuilders IPO News


 

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