The Mazagon Dock IPO date has been confirmed from September 29, 2020 and ended on October 1, 2020. Read the post to learn about Mazagon Dock IPO GMP.
Mazagon Dock Shipbuilders IPO is a fixed price issue of Rs 443.69 crores. The price band is set at ₹135 to ₹145 per share. The minimum lot size for an application is 103 Shares. The minimum amount of investment required by retail investors is ₹14,935.
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Key Details Of Mazagon Dock Shipbuilders IPO:
Bidding Dates
September 29-October 1
Price Range
₹135 to ₹145 per share
Face Value
₹10 per share
GMP
₹2,219.60
Mazagon Dock Shipbuilders IPO GMP
The Mazagon Dock IPO GMP Today is ₹2,219.60.
Mazagon Dock Shipbuilders IPO Overview
Mazagon Dock IPO is a book-built issuance worth Rs 443.69 crore. The issue is essentially an offer to sell 3.06 crore shares. Mazagon Dock’s IPO auction began on September 29, 2020 and closed on October 1, 2020. The allotment for the Mazagon Dock IPO was finalised on Wednesday, October 7, 2020. The shares were listed on the BSE and NSE on October 12, 2020. Mazagon Dock’s IPO pricing band is set at ₹135 to ₹145 per share. The Mazagon Dock IPO GMP Today is ₹2,219.60. The minimum lot size for an application is 103 shares. The minimum investment for retail investors is ₹14,935.
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.
Mazagon Dock Shipbuilders IPO Details
| IPO Date | September 29, 2020 to October 1, 2020 |
| Listing Date | October 12, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹145 per share |
| Lot Size | 103 Shares |
| Total Issue Size | 30,599,017 shares (aggregating up to ₹443.69 Cr) |
| Offer for Sale | 30,599,017 shares of ₹10 (aggregating up to ₹443.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Mazagon Dock Company Financials
| Particulars | For the year/period ended (Rs 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 |
Mazagon Dock IPO Timeline
| IPO Open Date | Tuesday, September 29, 2020 |
| IPO Close Date | Thursday, October 1, 2020 |
| Basis of Allotment | Wednesday, October 7, 2020 |
| Initiation of Refunds | Thursday, October 8, 2020 |
| Credit of Shares to Demat | Friday, October 9, 2020 |
| Listing Date | Monday, October 12, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 1, 2020 |
Company Profile
Mazagon Dock Shipbuilders Ltd, founded in 1934, is India’s largest defence public sector undertaking shipyard under the Ministry of Defence. Mazagon Dock primarily builds and repairs warships and submarines for the Ministry of Defence, as well as cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, and other commercial vessels. It is the sole shipyard that builds destroyers and conventional submarines for the Indian Navy. The company has two primary working divisions: shipbuilding, which builds and
repairs navy ships, and submarine and heavy engineering, which builds, repairs, and refits diesel electric submarines. Until 2020, the business had manufactured 795 ships, 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 shipyard is strategically placed on India’s west coast, along the sea route that connects Europe, the Pacific Rim, and West Asia.
Registrar Info
| Name | Alankit Assignments Ltd |
| Phone number | (011) 4254 1234 |
| Email ID | [email protected] |
| Website | ipo.alankit.com |
Contact Details
| Name | Mazagon Dock Shipbuilders Limited |
| Phone number | 91 22 2376 2000 |
| Email ID | [email protected] |
| Website | mazagondock.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Mazagon Dock IPO FAQs
When Mazagon Dock IPO will open?
The Mazagon Dock IPO opens on September 29, 2020 and closes on October 1, 2020.
What is the lot size of Mazagon Dock IPO?
Mazagon Dock IPO lot size is 103 Shares, and the minimum amount required is ₹14,935.
When is Mazagon Dock IPO allotment?
The finalization of Basis of Allotment for Mazagon Dock IPO will be done on Wednesday, October 7, 2020, and the allotted shares will be credited to your demat account by Friday, October 9, 2020.
When is Mazagon Dock IPO listing date?
The Mazagon Dock IPO listing date is on October 12, 2020.
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