We have a detailed review of Mazagon Dock IPO. In this article will discuss release date, IPO offer price, subscription, Mazagon Dock IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Mazagon Dock Shipbuilders Limited, Mumbai, an ISO 9001: 2008 Company is one of the leading shipbuilding yard in India. The History of Mazagon Dock dates back to 1774, when a small dry dock was constructed in Mazagon.

Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It was incorporated as a Private Limited Company in 1934.

After its takeover by the Government in 1960, Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships for the Navy and offshore structures for the Bombay High. It has grown from a single unit, small ship repair company, into a multi-unit and multi-product company, with significant rise in production, use of modern technology and sophistication of products.

The company’s current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, MDL has built total 795 vessels including 25 warships, from advanced destroyers to missile boats and 3 subma8rines. MDL had also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessel, water tankers, tugs, dredgers, fishing trawlers, barges & border outposts for various customers in India as well as abroad. MDL have also fabricated and delivered jackets, main decks of wellhead platforms, process platforms, jack-up rigs etc.

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Lead Managers of Mazagon Dock Ltd.

• Axis Capital Limited
• DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
• Edelweiss Financial Services Ltd
• JM Financial Consultants Private Limited
• Yes Securities (India) Limited

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Financials of Mazagon Dock Ltd.

Particulars (Rs. in Crores)	FY2017	FY2018	FY2019	FY2020
Revenue	4274.9	5027.6	5204.7	5535.3
Expenses	3444.3	4377.2	4426.6	4787.6
Net income	597.7	456.2	513.1	458
Net margin (%)	14	9.1	9.9	8.3

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Mazagon Dock Ltd. IPO Details

Security Type	Equity
Issue Period	Sep 29, 2020 – Oct 1, 2020
IPO Market Timings	10.00 am to 5.00 pm
Issue Size – No. of Shares	30,599,017 Eq Shares of ₹ 10 (aggregating up to ₹433.69 Cr)
Price Band	₹135- ₹145 Per Share
Face Value	10
Market Lot	103 Shares
List at	NSE, BSE

Tentative Date/ Timetable of Mazagon Dock IPO

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

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Mazagon Dock IPO Latest Grey Market Premium (GMP)

DATE	OFFER PRICE	GREY MARKET PREMIUM	KOSTAK RATES
30.09.2020	₹145	₹130-₹140	₹500
29.09.2020	₹145	₹110-₹120	₹450
28.09.2020	₹145	₹80-₹90	₹350
25.09.2020	₹145	₹80-₹90	₹350
24.09.2020	₹145	₹80-₹90	₹350

IPO Subscription Details of Mazagon Dock Ltd.

SUBSCRIPTION (CATEGORY WISE)	SHARES OFFERED	DAY 1	DAY 2	DAY 3
QIB	15,126,750	0.00x	2.83x	89.71x
NII	4,538,025	0.24x	4.96x	678.88x
Retail	10,588,725	2.77x	15.53x	35.63x
Employee (@135 per share)	345,517	0.13x	1.04x	3.88x
Total	30,599,017	1.00x	7.52x	157.41x

IPO Allotment status of Mazagon Dock

Mazagon Dock Shipbuilders IPO Allotment Status can be checked here by clicking to find the IPO Allotment Status. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders.

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