Incorporated in 1934, Mazagon Dock Shipbuilders Ltd is the India’s leading defense public sector undertaking shipyard under the Ministry of Defense.
Mazagon Dock is primarily engaged in constructing and repairing warships and submarines for the MoD and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients.
It is the only shipyard to build destroyers and conventional submarines to be used by the Indian Navy.
The business has 2 key operating divisions – Shipbuilding division that undertakes building and repairing of naval ships, whereas Submarine and heavy engineering division includes building, repairing, and refitting of diesel electric submarines.
Till 2020, the company has built 795 vessels, including 25 warships, 4 missile boats, 3 submarines, 6 Leander class frigates, 3 Godavari class frigates, 3 Shivalik class frigates, 3 corvettes, and 6 destroyers.
Competitive Strength
• India’s leading public sector defence shipyard company.
• World class infrastructure facilities.
• Strategic location at Mumbai on the west coast of India.
• Strong order book and financial position.
Company Promoters
The President of India acting through the Ministry of Defence, GoI is the promoter of the company.
Company Financials
| Particulars | 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 |
Objects of the Issue
The net proceed from the IPO will be used towards following objectives;
• 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 IPO Details
| IPO Date | Sep 29, 2020 – Oct 1, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 30,599,017 Eq Shares of ₹10 (aggregating up to ₹443.69 Cr) |
| Offer for Sale | 30,599,017 Eq Shares of ₹10 (aggregating up to ₹443.69 Cr) |
| Face Value | ₹10 per equity share |
| IPO Price | ₹135 to ₹145 per equity share |
| Market Lot | 103 Shares |
| Min Order Quantity | 103 Shares |
| Listing At | BSE, NSE |
Mazagon Dock IPO – Schedule
| Bid/Offer Opens On | Sep 29, 2020 |
| Bid/Offer Closes On | Oct 1, 2020 |
| Finalisation of Basis of Allotment | Oct 7, 2020 |
| Initiation of Refunds | Oct 8, 2020 |
| Credit of Shares to Demat Acct | Oct 9, 2020 |
| IPO Shares Listing Date | Oct 12, 2020 |
Mazagon Dock IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 103 | ₹14,935 |
| Maximum | 13 | 1339 | ₹194,155 |
Mazagon Dock IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Mazagon Dock IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Mazagon Dock IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Mazagon Dock IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| Mazagon Dock Shipbuilders Limited Dockyard Road, Mazagon, Mumbai – 400010 Phone: 91 22 2376 2000 Email: investor@mazdock.com Website: https://mazagondock.in/ |
