In this article, we will discuss in detail 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 Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | 22,410,000 |
| Share Price | NA |
| Share Premium | NA |
| IPO Size | NA |
Summary – Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders Limited aptly called “Ship Builder to the Nation”, is India’s of leading Defence Public Sector Undertaking Shipyard under the Ministry of Defence. The 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 closing date of Mazagon Dock Shipbuilders IPO is NA.
Mazagon IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
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| 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 the 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
Based on Standalone statement:-
| Amount (in INR & Millions) | |||
| 30-Sept-17 | 31-Mar-17 | 31-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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