Mazagon Dock Shipbuilders Limited IPO

Mazagon Dock IPO
Mazagon Dock IPO | Mazagon Dock IPO 2020 | Upcoming IPO | New IPO | Latest IPO

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.

Mazagon Dock IPO

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

ParticularsFor the year/period ended (₹ in million)
31-Mar-2031-Mar-1931-Mar-1831-Mar-17
Total Assets209,660.28208,479.34193,703.72193,911.65
Total Revenue55,353.0752,046.7450,276.2942,748.63
Profit After Tax4,770.595,324.744,961.735,982.58

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
Object Of The Issue

Mazagon Dock IPO Details

IPO DateSep 29, 2020 – Oct 1, 2020
Issue TypeBook Built Issue IPO
Issue Size30,599,017 Eq Shares of ₹10
(aggregating up to ₹443.69 Cr)
Offer for Sale30,599,017 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 Lot103 Shares
Min Order Quantity103 Shares
Listing AtBSE, NSE

Mazagon Dock IPO – Schedule

Bid/Offer Opens OnSep 29, 2020
Bid/Offer Closes OnOct 1, 2020
Finalisation of Basis of AllotmentOct 7, 2020
Initiation of RefundsOct 8, 2020
Credit of Shares to Demat AcctOct 9, 2020
IPO Shares Listing DateOct 12, 2020

Mazagon Dock IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1103₹14,935
Maximum131339₹194,155

Mazagon Dock IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Mazagon Dock IPO
How To Apply For IPO

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
Websitehttps://mazagondock.in/

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